creative financing

Maureen Anderson manders at uchicago.edu
Thu Apr 19 23:13:08 PDT 2001


Interesting. Based on these entirely abstract evaluations, it seems an undertaker of this finance strategy is one who might have:

* already made inroads in direct student loan repayment, perhaps by putting living expenses on credit card during that time

* gone through a significant interim period between when the student loan balance had been paid off, via credit card funds, and when it became impossible to keep head above water necessitating bankruptcy

* juggled cash advances from various credit cards during this interim in order to meet various monthly payments

and importantly:

* very very very seriously considered the dire, ultimately ill advised, legal consequences of resorting to such measures

* never, even hypothetically, floated the topic in some public forum

*tended toward the hyper-detail personality type (as opposed to absent minded academic-idealist type), and toward the major cojones-possessing type

The latter points would certainly have eliminated my guileless and impractical self as a candidate even if I hadn't in the first place been speaking entirely from the space of abstract inquisitiveness, which _of course_ I was.

--M



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