Reply #83: There's nothing wrong with giving people a fresh start. The credit system FAVORS the banks not the

[earth mom]

consumer. That's what I'm speaking to. It's set up so people will have to pay more and more with every misstep, with every bit of bad luck. It's not always bad choices that cause credit scores to go down as you seem to think it is.

The way the credit system is set up you are screwed if you aren't perfect every single minute for your entire life. And it's complete and utter bullshit to expect people to be perfect and then punish them if they are not. Hell, even insurance companies use credit reports for auto insurance. Like what the hell does credit have to do with a persons driving ability?! :wtf:



That said, I do think people have been robbed of freedom because of credit cards and debt-so I agree that it's better to pay cash as you go instead of "charging it" for the "wants" in life verses the "needs".

However-you can't buy a house without a large loan, nor can you easily fix or repair that house without loans either. So some debt is a necessary "evil".