Financing Security

Some lessons are more valuable than others

Lisa Dexter
4 min readSep 30, 2022
Photo by Kostiantyn Li on Unsplash

Two months minus one day. That is how long you can go past your car payment due date before the finance company seriously thinks about taking their car back. I learned that lesson as a child while driving to GMAC headquarters with my mom so she could make a payment. She was not going to catch up that day — it was more like staving off a hungry wolf with some crackers. This trip happened month after month for years.

In the beginning

When my parents were married, my dad was the person with the income. He gave my mom a set amount every two weeks that she used to buy groceries and anything her children needed. It was never enough, but my mom found that she could effortlessly get department store credit cards by using the household’s income on the form. JCPenney and Carson’s didn’t know about her biweekly allowance, so they had no issue handing her credit. Once my parents separated, Mom started to rely more on those little plastic cards. She also made some awful financial decisions.

Practically as my dad was walking out the door, my mom hit the mall with my sister and me. She was looking for a big purchase that screamed, “I’m free, and I can buy what I want. Take that, José.” She found the perfect revenge purchase — a $1,300 patio set. That’s not a trivial…

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Lisa Dexter

I am a freelance writer from the Chicago area. I have one awesome child, one sweet husband, one clingy cat, and one website: www.thinkingwhiletyping.com.