many people in todays society have been trapped in the cycle of poverty due to bad credit?

Answer 1

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 2

I think that beauty pageants would be much better if these things are improved: the contestants that are chosen to be the top 20 or 15; the judges for the competition and some of the segments. Take for example, the recent Ms World 2006 pageant. The pageant was not that great (albeit the fact that the girls did have the height, looks, figure and brains). Half of the time, the girls paraded in tiny bikinis with too much flesh exposed. While some may perceive them as being confident of their bodies ( I do agree though that they are confident of themselves) I do not really think that they need to wear such tiny clothes just to get noticed. They have the brains so what is the need to expose so much flesh? The Ms Singapore Universe pageant needs a lot of improvement though. Every year when I look at the shots of the finalists, I get so disappointed. Most of the contestants (not all though) lack the height, do not have great figures and worst still, some do not have the looks, poise and intelligence (they are not that articulate either). How then can it be said that these girls have the winning combination of brains, beauty and elegance? Take for example, last year's pageant, I thought Jade Seah and a few others were fine. However, one contestant really turned me off. When asked by Simon Webb (of UK''s boyband BLUE) what song she would be able to relate to, her answer was Pussycat Dolls' "Don't Cha". The reason being? She says that she's hot like them too! Gimme a break! She was not eloquent, had no looks whatsoever and worst still, she didn't know the title of the song! While some of the Ms Singapore contestants are not that bad, I still feel that there is much to be improved on. Sometimes, beauty pageants may tend to influence girls on what the ideal body type is considering the finalists are usually quite slim. So that may contribute to girls wanting to be slim so desperately that they go on crash diets or develop eating disorders However, on the bright side, if a woman holds a title like Ms Singapore World or Ms Universe etc, they could use this title to promote good work like volunteerism and helping out the community. The title may also help them in some other positive ways too. While some of these girls may already be successful and capable (before winning), the title will definitely make it easier for them achieve what they want to achieve (for the greater good of the community). So I guess that beauty pageants have some good outcomes too. To sum it up, I think that like any other thing, beauty pageants have both positive and negative aspects. At the end of the day, I think it is really the winner that is chosen and how she carries out her duties as a pageant title holder that matters the most.

Answer 3

Just because you come from a poor family doesn't mean that you have to be that way. There are many around that have come up in very poor families that when there older become well off. Same way with the bad credit poverty isn't the cause of bad credit its the lack of ablity to pay or willing to pay back a loan which causes bad credit.

Answer 4

That happens because there is no democracy in the work place. Workers dont make a living off the products, the owners do. And then you spend your credit back on the corporations who force feed you their commercial crap the media makes popular. Your working for the cash you have already spent. Thats the cycle of poverty.

Answer 5

What's your question?

You create your own bad credit by buying things that you can not afford. If you can't make your minimum payments, stop using your credit card! If you don't earn enough to pay all of your bills on time, move to a cheaper home, get rid of your cable, eat cheaper foods at home, get a roommate, etc.

If you are living beyond your means, it's YOUR fault.

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Answer 6

I dont think the cycle of poverty comes from bad credit, but i know that it is stupid that they are now checking credit reports for jobs and housing. Someone who has always paid their rent on time can be denied housing cause of medical problems that cause financial difficulties that cause bad credit.

Half of individual bankruptcies are caused by illness or injuries.

my mother got cancer. She couldnt work so she couldnt pay all her bills plus had the medical bills giving her bad credit. She never took out credit or loans except for her house, which she had to sell to pay her $50,000 medical bill. She has bad credit now.

Plus to get GOOD credit you have to take out loans and lines of credit. Hospitals and utilities etc never report when you pay on time, only when you don't. So they use credit reports and peoples desire for good credit to make them take out loans and lines of credit to fill corporate pockets with money from fees and then charge you to let you see and monitor your own damn credit report.

And then the companies that keep crappy records and pay dummies low wages to process thier mail and do data entry make all sorts of mistakes, and then leave it on you to prove they messed up, all the while you have a bad mark on your credit report.

Credit Reports are a mode of control these days. What ever happened to good references from your community and individual rights over corporate rights?

Answer 7

Unfortunately, they have. Most people have no financial discipline anymore.
Remember people from the depression era. Most people back then knew how to save and get by on very little. I can't imagine what would happen if we had another great depression. You'd have looting and and all sorts of violent crime.

Answer 8

By their own fault.

Answer 9

and your question is....