I’m a sales executive at a large company. I recently found myself in a difficult situation due to my boss constantly delaying my salary.
It all started when I decided to take out a credit card to help me with my finances. I thought it would be a great way to manage my spending and I would be able to pay off my balance quickly.
I was wrong.
My boss had a habit of delaying my salary, so I was never able to pay off my credit card balance on time. This, combined with the high interest rates on credit cards, made it so that I was constantly paying high interest rates on my balance.
At first, I was able to make the minimum payments on my credit card and keep my balance low. But as my boss continued to delay my salary, I started to fall behind on my payments.
This caused my balance to increase, and the interest rates to skyrocket. I was soon paying hundreds of dollars in credit card interest each month.
I tried to keep up with my payments, but I couldn’t make enough money to pay off my balance. My boss was not sympathetic and refused to pay my salary on time. This left me with no other choice but to take out more credit cards to pay off the first one.
I was soon in over my head. I had multiple credit cards with high interest rates and I was unable to make the minimum payments on any of them. I was stuck in a cycle of debt and had no way to get out. I was so desperate that I even considered taking out a loan to pay off my credit card debt.
Fortunately, I was able to find a way out of my debt. I was able to negotiate with my creditors and get a lower interest rate on my debt. I was also able to make a payment plan with them so that I could pay off my balance in a reasonable amount of time.
It took a lot of hard work and dedication, but I was eventually able to pay off all of my credit card debt. I learned a valuable lesson from this experience: never depend on someone else to pay your bills. If I hadn’t taken out a credit card, I wouldn’t have been in such a difficult situation.
My boss’s constant delays in my salary may have put me in a tough spot, but I was able to get out of it and become debt-free. I now make sure to pay off my credit cards on time and never rely on anyone else to pay my bills. I have also been able to save up enough money to be able to pay off my credit card balance in full each month.