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How does one man accumulate so much damn debt?

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rcrush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-18-10 05:44 PM
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How does one man accumulate so much damn debt?
I've been having to take care of my dads financial stuff since he is stuck in a nursing home now and can't really do anything for himself anymore. I'm pretty much having to empty out his bank account every month and hand it over to the nursing home until Medicaid decides to cover him. And then THEY will start emptying out his bank account.

But since all his money goes to the nursing home now I've have credit card bills in his name piling up. $10,000 at BofA another $10,000 a Capital One, $9000 at RBS and a local credit union master card of about $2000. Plus they bought a new house after they paid off their old house and decided to take out another mortgage on the old house as well?!

OMFG how did they keep giving him credit cards?! I've never been able to get more than a $1000 limit on my credit card. Plus that Best Buy account I was able to get for $1000. But my dad gets to go into almost $100,000 in debt.


Ugh
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Kali Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-18-10 05:53 PM
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1. 2 houses?
ouch, my sympathies
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Demoiselle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-18-10 06:37 PM
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2. I'm sorry, rcrush. You're doing a good thing. Hang in there.
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