What if I intend to stop spending so much so that I'll be able to make the payments? Maybe I decided that the new car I really wanted was a bit more expensive than the one I'd thought I would be getting, but that I can make up the difference by eating out less often. That sounds like a reasonable plan to me. Of course, you might want some evidence for whether or not I can / will actually manage to do that. Perhaps something like a credit history. You'll find that potential creditors care about not only your credit score but things like a recent pay stub or other proof of income.

Who should we expire next?