VIDEO ON MSN MONEY
The biggest threat to your credit is:
Using money you don't have, to buy things you don't need, to impress people you don't like!
I've used credit for years and never had a problem. Mostly for paying for my daughter's College education. Hopefully at the end of this year the only debt I will have is my Home. I use credit cards
all the time, but when the bill comes in, I pay it immediately to avoid their ridiculous interest charges.
I am now going to practice what my dad taught me. If you don't have the cash to pay for something
then you can't afford it..........
how ironic my husband & I were talking about this last nite. We've bought & sold 3 houses sucessfully & just as many cars. He got hurt at work & we got screwed over by workman's comp which in turn led us down the road that got us kicked rite out of our house on a short sale.
Even with all those positives on our record one little screw up & they don't care about the circumstances behind what caused the situation. All they see is that little #!!!!!!
So when I got out of college and obtained my so called good paying engineering job, I was turned down by the bank for a home loan with a $58,000 dollar a year job and a 780 credit rating because my debt to income ratio was too high due to the rediculous private school loans that I had. Private school loans that where originated by JP Morgan Chase at 12 and 13 percent because of credit score and "no collateral". Now not only can I not obtain "collateral" I have to pay a combined $1400 a month in school loans and rent! This credit Sh*t is a F**king scam. This whole system is a scam. These people are trained con artists. they are taking your fake fiat FED money and making us slaves with it.
Cash is King !!!..and always will be !!
if you dont have the cash then you dont buy it !
cash dont care about your credit score !
Any excuse they(credit card company) can find in order to raise your interest rate is their game!!
That's pretty F%^^&&*%= up right there.
Anyone with common sense knows all of this
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