Quote:
Originally Posted by Electronic M
My folks lived like that when I was young, always barely scraping by. Not long after we finally were out Dad lost his job in step with the housing bubble and they lost their shirts to NOT let it become a credit ruining for-closure.
I rather argue with the folks weekly for the next 5 years than live like they did in the early years, or repeat the IMHO stupidity of not owning their property outright or trying to live outside of means.
Credit IMO should be saved for occasions where savings are not sufficient, and purchase can not wait (like medical emergency). To me it is stupid to pay someone to rent you money unless circumstances make it unavoidable.
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That's not a bad idea. And having bad credit is not a big deal. I've seen mine drop 150 points and go up 100 points all in the course of a few months. As long as it is around 600 you will be just fine.
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