how can i ruin my credit on purpose?

Question

i hate the idea of being worth only what a credit company tells me i am. i want info on how to ruin my credit beyond repair.

Answer 1

Somethings to think about if you go through with wrecking your credit....

You wont get gainful employment. (unless you LIKE flipping burgers)...
Many places of employment (real jobs) will not consider you for hire if you have a bad credit history.They would pick someone else that has the same experience but with better credit ratings.

Even if you worked for yourself.....
Many companies will not do business with you if your credit report is negative. If you needed to place an order for widgets, you would need credit to secure the payment.

Finding a place to live...
Most landlords check credit histories. The ones that don't are the ones with "all bills paid" and they also come with "all cockroaches big" and the lovely sound of wailing sirens most evenings.

A bank will reject your application to open an account if your credit history is one of self destruction.

Want to turn on utilities? A phone? Expect to pay a very big deposit first.

I say... ignore the credit score and you wont have to worry about it. One day you will wake up and see that this kind of thinking was just dumb.

Answer 2

The sad truth is that you could never really ruin your credit forever because negative information is only listed on your credit for 7 years. Theoretically you would have to re-ruin your credit every time your credit starts to clear up.

My main question would be why in the heck would you want to do that? It's a really bad idea because bad credit can prevent you from getting houses and apartments as well as utilities in your name. It's a really really bad idea. You may hate the idea of the credit bureaus being able to say what you're worth but the best thing to do is suck it up and deal with it because ruining your credit on purpose could make your life a living hell.

Answer 3

There are plenty of easy ways to ruin your credit. You could post your private info online and hope someone else steals and uses (ruins) it. You could file bankruptcy which will remain a blight on your credit for years or you could put some effort into it, apply for every scrap of credit offer you see whether or not you intend to use it (inquiries hurt your credit score as well) and then you can visit a hospital emergency room for any tiny ailment (real or imagined) to add medical bills to your credit. If you're really ambitious you can even get a few secured credit cards once regular credit card companies refuse to accept you then run up your bill and leave it unpaid. You can also do this with secured bank loans.

Answer 4

You can easy trash your credit, by paying off your credit cards and loans and never borrowing money again. The funny thing is that in order to have a credit score, you need to go deeply in debt and stay there for a very long time. Someone who has a net worth of $10 billion dollars and has only borrowed money 25 years ago, has a credit score of zero. Amazing when you think that he can pay cash for anything, but couldn't borrow the money to buy something. Instead of ruining your credit beyond repair, just stop playing their game, and you won't have a credit score. Good luck, I hope you get to a credit score of zero...

Answer 5

WHY WOULD YOU WANT TO DO THAT??? Your credit score will fluctuate as you buy, pay bills on time etc.
As you grow older you will find that maintaining a good credit score will help in keeping things such as buying life and health insurance at a more reasonable cost. You also get better interest rates when buying a house, cars or anything that needs financing for.
People that have had to file bankruptcy cannot buy major items that require financing for 7 years and during that time they must not be late on any payments. It ceretainly makes their life more miserable and challenging. Most companies now run a CREDIT CHECK when they are hiring a person. A bad credit report can ruin your chances at future and perhaps better employment.
I can tell something happened and your totally upset. That happeans to most of us at some times in our lives. Try to get over it, keep paying those bills and the next time you try to buy a major item (car) you will be pleasantly suprised that it can be done in your name without co-signers etc.

Answer 6

First off that is the way our system is set up. Say for example you owned a company wouldnt you like to be able to run a credit check and a background check on who you hire? Why would you want to ruin your credit? Just dont pay attention to your credit scores and pay cash for whatever you want. Your credit history is not the only thing that makes you who you are.

Answer 7

The very worst credit is no credit. There are all kinds of programs and companies out there who will work with you if you have a bad credit score, however if you have no credit- no one will touch you. I'm 19 and have been desperately trying to get a car financed, but even though I pay my bills on time and always pay over the minimum on my credit card, I don't have a credit score yet because I haven't been paying them long enough (I don't have enough credit history). No history = no credit score. No credit score = you can't do anything w/ your credit.

Answer 8

What is that going to accomplish? Nothing but heartache. You would be high risk and either nobody will lend to you or you will get stuck paying very high interest rates. Having a good credit score saves you alot of money.

If you go ahead and decide not to pay any loans off, they will come after you..maybe even sue you or levy your wages.

Answer 9

get a credit card and send it to me. I'll rack it up and then you don't pay for it. and Ta-da! you have crappy credit.

Seriously, why would you want to do that? I know it stinks to be judged by others soley by your credit score. But it can hinder you from getting a house/car and sometimes it can even affect you getting a job (ie- at a bank/financial establishment)

I suppose the best way to do it would be to get a load of credit cards and loans and then don't pay them.

uh, good luck with that?

Answer 10

This is a stupid idea and will only come back to haunt you later. Why don't you just pay the card off and go work hard and become a millionaire then you can go back to them later and show how much you are really worth.