*Before the money started rolling in, it seems “Insecure” star Issa Rae learned that you CAN NOT fake it ’til you make it … when it comes to overspending on credit cards.
Rae, 33, was chatting with Ellen DeGeneres on “Ellen” the other day and revealed that her spending was once so out of control, she racked up a hellafied $25,000 in credit card debt!
“I had thought, when I discovered credit cards, I was like ‘This is easy! The game is locked. All you do is get free money and I keep ordering cards and you pay like $25 a month. I can sustain this. This is easy. Eventually, I’ll be rich.’”
Like they say, you gon’ learn today. And that’s how it went down. She learned the hard way that applying for numerous credit cards and spending too freely leads to mountains of debt.
“I was spending too, too much,” Rae explained. “It’s a trap. That’s how they get you.”
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Rae said she was applying to credit cards for everything — including a card at a Valero gas station.
“I got denied,” she quipped. “I was like, ‘Whoa this is strange because they’ve said yes every time.’”
After re-applying for the Valero card on more than one occasion, Rae soon realized her credit was in trouble and she had accumulated $25,000 in debt.
“At that point, I had barely even seen past three figures in my account,” she said. “I was like, ‘How am I going to get this money back?’”
Fortunately Miss Rae has gone on to super success and $25k these days is chump change to her, thanks in part to her successful HBO show, “Insecure.”
By the way, “Insecure” was also recently picked up for a fourth season.