Become a “Deadbeat”

Technical debt is very much like financial debt; the interest can consume you.

I’ve worked with the financial and credit card industries, and there’s a term they don’t like to advertise but that they use for people like me. I’m a person who always pays his bills in full, as soon as I get the bill. I never let any balance accrue. Credit card companies call customers like me “deadbeats.” They hate us because they don’t make any money on us. They love the guy who builds up a balance and keeps making the minimum payment. I know someone who owed a major credit card company $17,000. If he paid only the minimum payment due each month it would have taken him 93 years and $184,000 to pay that back.

Like financial debt, ignoring the ...

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