Mar
I mean if you pay something off early and save yourself the interest, it's not any better on your credit report, plus, if things are out of your control state loss of job and you voluntarily repossess your car… that's bad on your credit? I mean…. you pretty much have to always always have money and be rich to have good credit. That's why the rich get richer and the poor stay poor right?
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Credit is an awful thing the system is bad and the idea of credit is bad. Our whole economy is based on debt and credit. People blame GWB for this of Obama but when it comes right down to it companies are losing money b/c people are buying on credit. This is what this day is said to have been a major cause of the great depression b/c people purchased stocks on margin Aka credit. Unfortunately someone convinced everyone that credit in the market is different than credit in the stock market when in fact it is the same thing just it would take longer to injured Business and people.
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i think if you loss your job and as a result loss your home and automobile it shouldnt count against your credit if you where responsible such as paying on time, and as long as you can prove that you lost your job because those things are unforseeable! I think that your credit score shouldnt be affected i mean that’s the least that they have the ability to do if they take your house and car how do they anticipate people to get on their feet!
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The rich get richer because they save their money and use it wisely,the rich work hard for their money and will take more than one 9-5 job, the poor get poorer because they’ve not learned to manage their money, will work 8 hour days and anticipate everyone else to help them out or feel sorry for them.
Voluntarily having an auto reposed is the worst thing anyone can do, you hurt your credit so bad. Once should never buy anything they can't afford or work into their budget.
If one loses their job they should have money saved away for a rainy day.
I always save my Federal tax refund, and when I get a raise at work I put the increased amount of my paycheck into a saving account. I have a good amount of money saved if we ever have a rainy day.
It is up to us to make it on our paycheck and learn to budget and manage our money.
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what do you think credit is? it's funds available now that you can pay back later. general rule of thumb, if you can't afford something now, you can't afford it later. i deal with a lot of people that no one consider close to rich that have great credit. it's actually the filthy rich people who have poor credit. the poor people appreciate cash/credit more. why? coz the rich have tiny to no concept of it. they’ve a lot of money, pay cash for most things and if they’ve to use credit their thought process goes a tiny something like, “eh, i have the cash. i'll just pay it whenever i want.” these same filthy rich don't really need great credit coz they can afford a nice down payment or just pay cash for everything. most places would take cash over credit.
the credit system isn't #ucked by definition. it's #ucked coz too many people abuse it or don't know how to use it properly
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credit system is fine. Pay your bills on time and you never have a problem.
<<< 835 FICO
You should have a minimum of 6 months income saved so if you lose you job (I have lost 4 jobs over the past 30+ years) you can still pay your bills. Don’t get in too much debt. Pay your credit cards off each month. If you’ve to charge a lot due to an emergency, get a 2nd job to pay it off in a few months.
Work hard, savve you nomey, live below your income.
If you hate the credit system…DON'T USE IT
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pretty much
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I concur.