Years ago, when I was going for my very first mortgage, I had absolutely NO DEBT. No credit cards, NOTHING! I was told that because I wasn't in debt I didn't qualify for a mortgage. So, because I lived within my means and was not in debt, they wouldn't lend me money to buy a condo. The fix: I had to get a credit card, use it for 6 months, so I could prove I could pay my bills on time. Because I paid my bills and wasn't in debt, I had to go in debt to show I could pay my bills. It was LUDICROUS!!!
are you beginning to see what is meant by "debt slavery?" it's the monetary system itself that conscripts you into economic servitude, not loans and credit debt.
Debt equals you under someone else’s control…which they obviously want. Good for you! He/she who has the gold makes the rules…and you just let them know that you have the gold! Nice!
Kind of, but not really. I understand that if you make the wrong decisions, debt can be crushing … but at the same time, you can just not pay. Pretty sure no one will shoot you, and you will still be alive.
Your score will drop TEMPORARILY when an account closes. It's dumb, but it bounces back very fast. There's a lot of bullshit in regards to credit scores but it's very easy to get a good score (well, at least until social credit becomes a thing): pay on time, utilize a small percent of available credit (I think this is the one that gets people), minimize hard credit pulls. Boom.
Ha! This is golden. Husband and I locked-in on a mortgage interest rate of 2.8% ten days ago. 2-days ago, we paid off a vehicle and a credit card. After reading this post and comments, we dodged a bullet. Now we only have to worry about bullshit lockdowns occurring before our 9/23 settlement date.
Years ago, when I was going for my very first mortgage, I had absolutely NO DEBT. No credit cards, NOTHING! I was told that because I wasn't in debt I didn't qualify for a mortgage. So, because I lived within my means and was not in debt, they wouldn't lend me money to buy a condo. The fix: I had to get a credit card, use it for 6 months, so I could prove I could pay my bills on time. Because I paid my bills and wasn't in debt, I had to go in debt to show I could pay my bills. It was LUDICROUS!!!
Why should people have to participate in usury to show they can afford things?
No need to be snide and tell me to calm down. If you didn't read, I said it was YEARS AGO. Also, notice my sentence structure throughout - past tense.
Logical thinking would say it is because if I wasn't in debt then OBVIOUSLY I could pay my bills, hence the "ludicrous" comments.
Refinanced my house removed 2 derogatory accounts and my credit score dropped 66 points
They want to lend their money to people who can’t pay it back.
Debt is dumb ! Debt-free since 2018.. no better time like now to break the shackles !!
are you beginning to see what is meant by "debt slavery?" it's the monetary system itself that conscripts you into economic servitude, not loans and credit debt.
Debt equals you under someone else’s control…which they obviously want. Good for you! He/she who has the gold makes the rules…and you just let them know that you have the gold! Nice!
Kind of, but not really. I understand that if you make the wrong decisions, debt can be crushing … but at the same time, you can just not pay. Pretty sure no one will shoot you, and you will still be alive.
Oy Vey, shut her down Hershel we will.
If you get in on Gamestop before it takes off, you'll be able to pay for things in cash.
Did you know you can't create an account online at irs.gov without proving your identity by proving you're in debt?
Your score will drop TEMPORARILY when an account closes. It's dumb, but it bounces back very fast. There's a lot of bullshit in regards to credit scores but it's very easy to get a good score (well, at least until social credit becomes a thing): pay on time, utilize a small percent of available credit (I think this is the one that gets people), minimize hard credit pulls. Boom.
My chase mortgage just changed to mr cooper and it tanked my score by 100 pts! Right when i was financing a used car.
I don't want any kind of reset until the "movie" is firmly over and the media has been purified or abolished.
Ha! This is golden. Husband and I locked-in on a mortgage interest rate of 2.8% ten days ago. 2-days ago, we paid off a vehicle and a credit card. After reading this post and comments, we dodged a bullet. Now we only have to worry about bullshit lockdowns occurring before our 9/23 settlement date.
The incorrect datefag on National lockdowns was last week. Biden is MIA, Pstasi is OOO … don’t see it happening this week.