A 29 year old engineer from Massachusetts has taken a novel approach to getting rid of his credit card debt: he’s selling it on Ebay! The seller, who goes by the nickname ’speedwerx’, has fallen on hard times. Both he and his wife have recently become unemployed, and they have $22,000 in credit card debt - on top of a mortgage and college loans.
The family is hoping to find 2,500 Ebay buyers willing to pay $10 apiece. That amount would get the couple out of credit card debt and help them get current on their mortgage payments.
How did the family get in such a mess? The comatose economy is partially to blame, but ’speedwerx’ also recognizes how his family’s spending habits contributed to their current situation. Fresh out of college, the couple bought a house and started a family. Now they realize that they took on too much debt too quickly.
Says ’speedwerx’ on his Ebay listing: “This is a very humbling time for me, and I’m looking to do everything I can to support my family.”
Unfortunately, as of today, the listing had been removed from Ebay. Creativity is an asset, though, so hopefully this family will be able to come up with a debt solution that works for them.
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