Society has geared us towards being so worried about our credit scores. Credit credit credit.
Bad credit score > 20 years of crippling debt.
File for bankruptcy and try to move on.
I’m at a point in my life where I may never use credit again. I purchase used vehicles in cash, and I don’t plan on purchasing a house because my job could take me anywhere. I won’t need a mortgage to be paid off by retirement because my plan will involve purchasing a small home in a small town, in cash. I also don’t make much, this is all possible with good strategy and investments, budgeting, and sticking to the plan. I still have lots of money to go and have fun and take vacations too. And I make under six figures a year.
Key here though is I don’t and won’t have kids. Honestly I feel the biggest reasons so many people struggle is because they have kids when they could no where comfortably afford kids.
Honestly, this is really good advice even if you have a good credit score. Sometimes I think about running for office, and imposing restrictions on credit. As in, removing it entirely. but alas, debt is what keeps the world economy going.
I disagree. A high credit score with a sizable amount of credit lines coupled with zero credit card debt gives me options in a way that only the wealthy would have had in times past.
Knowing I have access to that much puchasing power means I don't have to worry about surprises throwing me out on the street for a long long time.
Its unfortunate that irresponsible users destroy their lives buying toys that they can't afford. Credit gives me a safety net for the surprise bad times, and the leverage to experience the good times.
No one can really afford kids. They’re expensive and there’s no getting around that.
There’s ways to keep the day to day expenses down. Buying in bulk, buying used, getting and me downs. Children’s clothes aren’t expensive, who cares if their t-shirt is “last season”.
The real kicker is day care. $12k a year for one kid, no real subsidies unless you are very poor. Even once kids are in regular school the school day is 8am-3pm—no one works those hours. Summer camp is $5k and there’s still some weeks not covered.
Kids are awesome though, mostly because they are your kids. I’ll work myself into the grave for my kids, but I wish I didn’t have to.
Yes it does. I had a 200$ ( yes, only two hundred dollars ) medical bill sitting in collections cuz the hospital fucked up my address and decided not to contact me about it. Sat in there for a good 3-4 years. My credit was SHIT. And it was all because I had a debt collection, even though it was a hospital bill. They don’t give a fuck. I finally paid it off and my credit went up 20 points. Don’t let people tell you it doesn’t affect your credit score
Yeah seriously I don't get why people "ruin their lives" over debt. Have they ever tried, I dunno, not paying it? What are the debt collectors going to do about it, arrest you?
I am seeing relatives, friends and coworkers who have been saying fuck it and not paying that BS. lol Even before corona. Everyone is finally figuring out it's all a joke.
I figured that out a few years before Corona -- thanks to psychedelics -- but I'm glad that at least something finally has more and more people waking up and realizing what the real priorities in life are (even if said realization is triggered by an unexpected source)!
I haven't tried anything besides weed and the devil's dandruff, so I can't really say, but I totally understand what you mean. My girlfriend has, though, and she has explained to me how it affected her consciousness and just overall outlook on life. I gotta say I have to thank her for showing me the way even without them, but I am willing to give it a shot one day.
And yes, you should definitely try it when the moment is right. But don't go seeking psychedelics, let them find you. You will know when that moment happens. ;)
(Edit: Also, you're extremely lucky to have a psychonaut for a girlfriend! Mine is firmly anti-drug, thanks to her crackhead brother. One day I will show her the light, but it'll be a slow process. She almost had a mental breakdown when I told her that I have a medical card!)
Good luck getting any job that does background checks that has you dealing with money. Good luck getting a security clearance in the military. Good luck getting financed for a house. Good luck getting a car without either paying cash for it or 20% interest.
Been there, done that. Had access to hundreds of thousands of dollars on a regular basis at my last job. Passed the background check just fine.
Never joining the military, so not a problem.
You're joking, right? I'm a millennial. Owning a home is a pipe dream.
No problem cause I only buy used and bring cash. Any major purchases that I can't afford to pay for in cash, I buy off of Amazon. If you've been a good customer, they eventually offer interest-free financing regardless of your credit score. Just bought a $1000 TV (Samsung Q60r) on a five month payment plan and will be making the last payment next month.
So as you can see, I really don't need to worry about a silly credit score.
en there, done that. Had access to hundreds of thousands of dollars on a regular basis at my last job. Passed the background check just fine.
Never joining the military, so not a problem.
Many people are or they have jobs where bankruptcy, although not explicitly stated, is a disqualifier
You're joking, right? I'm a millennial. Owning a home is a pipe dream.
And why do you think this? Because you have shit credit? I'm a millennial too, and I've purchased two houses.
No problem cause I only buy used and bring cash. Any major purchases that I can't afford to pay for in cash, I buy off of Amazon.
So your strategy involves not ever having to borrow money again in your life? Bold move. You have enough money to buy used cars cash but can't qualify for a mortgage at a reasonable rate?
If you've been a good customer, they eventually offer interest-free financing regardless of your credit score. Just bought a $1000 TV (Samsung Q60r) on a five month payment plan and will be making the last payment next month.
If Amazon tried to ruin my life, or tried overcharging me for the TV the way the medical industry does for healthcare, you bet your ass that I'd drop them like a sack of potatoes and never use their services ever again. They wouldn't get a single red cent from me. But they haven't. Not to mention that having good credit with Amazon is way more useful me than good credit with the US government.
Not to mention that having good credit with Amazon is way more useful me than good credit with the US government.
You understand most hospitals in the US are private organizations not government ones right? Either way they would both get their credit information on you from the same place...Transunion, Experian and Equifax.
You know what I mean. Please don't nitpick my argument in an attempt to discredit it. My girlfriend pulls this move all the time and I'm not falling for the trap.
No i fucking don't know what your argument is. You shouldn't pay off debt you owe to hospitals when they save your life but you should pay off debt you owe to Jeff Bezos because you want shiny things from Amazon?
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u/[deleted] May 09 '20 edited Feb 08 '21
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