About this Video
- Video Title: I Got Sued...
- Channel: Goblin
- Speakers: Goblin
- Duration: 30:58
Introduction
This video details Goblin's experience with significant debt accumulated during his drug addiction, including being sued by a creditor. He discusses his methods of using credit cards to buy drugs, the subsequent consequences, and his current credit situation and recovery.
Key Takeaways
- Credit Card Abuse: Goblin recounts how he maxed out multiple credit cards ($13,000-$14,000 total) to fund his drug habit, using a PayPal loophole to withdraw cash.
- Legal Consequences: He was sued by a debt collector who purchased his Capital One debt after years of non-payment. The lawsuit was eventually dismissed due to unsuccessful service.
- Extensive Debt: Goblin lists numerous debts to various entities, including utilities (AT&T, Xfinity, Waste Management, Republic Services), a dentist, Geico insurance, PayPal, and a Miami hotel.
- Credit Score Recovery: His credit score dropped below 400 due to his debt but is currently at 555 after years of recovery efforts. He shares his experience with securing loans despite a low credit score.
- Financial Lessons: The video serves as a cautionary tale about the long-term financial consequences of irresponsible spending fueled by addiction.
