That is until your good-paying job goes south. While you're looking for another one, the credit-card late charges and overlimit fees drown you. Now, since last week, I have a good job that begins August 13, with my first paycheck arriving on September 20. And Providian is not the only credit card company that charges such exorbitant fees.
Most companies do.
Or at least the twelve or so other credit card companies that I'm still doing business with do. Besides, most of these companies keep charging you late fees for at least several months after you turn your debt over to a debt management company. X 12 credit cards. My best bet would be to have all twelve of these credit card issuers to give up on me, turn my accounts over to collection agencies, and then the late fees and overlimit fees would cease. My best chance of getting out of debt is to have the credit card companies call out the dogs and set the collection agencies on me.