Quote:
Originally Posted by WormholeXtreme
That's the way to do it. I know several people at that age that skipped on a little $200 bill, or on rent, only to have it bite them in the ass years later when they went to purchase a house. Then having to run around paying off all those things they didn't pay to be able to qualify for a better interest rate on a mortgage.
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Yeah my family doesnt play around with that, My Brother is a big time Loan agent (not the sharks type that screws people over) and i spent some time in that field and my Parents know about all that business (he is an insurance broker but also gives out lots of advice.) And one thing i was taught at an early age is that Credit Cards can ruin lives if not paid off, and Credit Cards is not "YOUR" money, its money that you borrow. Definitely heard those stories, cause when i used to work with my brother he would help his clients dispute the debts and raise their scores to help get better rates.
Im pretty sure a good credit score can help a lot of people during these low and bad times.
