7. Muhsin Muhammad
Credit cards are the downfall of so many people. It can be so easy and tempting to just swipe your card without thinking or checking your balance. When you lose track of the interest it’s like hooking a fish. As much as you try, there’s just no way to get escape. Muhammad suffered from this exact problem. The former Carolina Panthers receiver lost control of his spending in the most drastic manner.
The two-time Pro Bowler and one-time All-Pro selection lasted for 14 seasons in the NFL. Meanwhile, he made a lot of money as one of the best in his position in the league. But his typical spending was out of control. This resulted in Wachovia Bank coming after him. They sued him and Muhammad lost a huge amount of cash. Maybe he should have kept his money under his bed. At least he would have known how much he had left.