I know someone who just stiffed Target for about $12K. She was surprised when her other card holders froze her accounts and her credit scores plunged. She has no savings and now is really living on the edge because if she loses her job she has nothing to fall back on and would have a more difficult time finding a new one because employers check scores.
You are better informed than I thought. I donât take vacations in the Caribbean, I was born there. I instead go to Europe where I pay for a bus to take me to places and I meet nice people on the way. I donât think that is the way CC work. What scared me was not 29.99%, It was the fact that monthly payments when from 250 to 600 in just 2 months. But wait that is irrelevant to me now. Even if you are 100% right. By the way dude. Life is not about credit. Is about what you do. I do not need nor I do not want credit ever in my life. At the present time I have just the debt I must. I owe a car which I have to pay to get me to work where I make a decent income. I also use that same car to take me to university where I get my MSA and MBA to get an even better future income. So as you can see my current debt is investment oriented. And I love it because I make sure I pay every damn month. Oh by the way for those of you who think I hide. Please go to facebook and search for Julio Suarez living in Miami. You will find a beautiful pic of me and my beautiful wife.
Yeah, I borrowed when I was a senior in engineering school and used the funds to buy a 1970 914-6 GT that ran in LeMans. Still have it. I fire it up once in awhile but sometimes get complaints because it is so damned loud. Hey, taking advantage of cheap money I understand. Walking away I don't understand. I'm not saying you have to be a saint. I'm saying you can do better by gaming the system and using the banks to get what you want in life, material-wise. Use your cubano cleverness to play the bastards and kick it.
LMAO!!! If the job in accounting is worth a damn, you'll absolutely get checked. Why would they hire someone in accounting who can't even manage their own finances and isn't responsible enough to pay their bills?
Thank you. As I said before. Its been 3 yrs since this happned. I think they have 4 more to do anything in court. My lawyer told me only to worry if I get a court letter. And if that happens there are plentty of ways to deal with system AS YOU WELL SAID. Right now they pay more attention to bigger debts, mine is not so big. I know people who did not do anything and after 7 years they get CC offers and credit scores increases dramatically. Time will tell my friend. So far, I am content with my decision.
SSSSHHHH!!!!! If my boss knows this I might get fired you know. Maybe even the university might kick me out :eek:
You do realize that most companies these days run a credit check as part of the hiring process, right?
That's a very naive statement. You have no idea how your life will pan out. There are needs and wants. You don't need credit for the things you can foresee, you need it for the things you can't foresee. You'll want it someday for the convenience.