I am an asst property manager and I have to check and review credit reports on a daily basis and it just amazes me how bad some people let their credit get.
2007-11-14 05:10:09 · 25 answers · asked by ♥Erica♥ 4 in Entertainment & Music ➔ Polls & Surveys
Elana--"Everyone" was meant as a broad term and not for the whole world, as you seem to have taken it.
2007-11-14 05:19:15 · update #1
People just are not paying attention. The society is so based on the newest things and getting them right now, people are just using their credit cards and not paying them off like they should. The education on these things are not a part of school anymore. When I was in high school, I was taught how to write a check, and how to pay bills. Kids are not being taught this now, and they are not getting it from their parents, either. It's really sad.
2007-11-14 05:14:25 · answer #1 · answered by quatrapiller 6 · 2⤊ 1⤋
Well... I would assume that it started going bad when people began realizing that they didn't "have to" save anymore for the things they really want. They merely swipe that magical piece of plastic through the machine, and voila! They get what they want. However, those people also tend to forget that the bill comes once a month, and if you don't pay it, the interest rates alone begin to add up and cost more than the item you purchased!!
I would have to say the overwhelming greedy feeling plays a factor. Everyone experiences this in one form or another at some point. Some are strong and can fight it...others are weak and submissive to it.
2007-11-14 05:15:17 · answer #2 · answered by Beth 6 · 1⤊ 1⤋
When some people are young they don't fully understand financial responsibilities. They'll blow all their money, struggle paying bills, maybe even go in debt. I think there should be an age limit on credit cards. Although, I know some grown adults that are more immature than some teenagers so I don't know. Some people are just irresponsible sometimes. Then they realize their credit is bad and they wana kick themselves in the head.
2007-11-14 05:15:24 · answer #3 · answered by Anonymous · 1⤊ 1⤋
Sometimes things just happen and before you know it your a financially sinking. My hubby was unemployed for a while last year and this year had a few medical issues. Thankfully he is working but it is his own company and is struggling. I work fulltime and make decent money. I actually just got this job recently and decided when I left the PERS system to withdraw my retirement so that I could pay off some bills. (I am only 24 and have years to save up for retirement, I needed to worry about the here and the now). Thankfully I got $12,000 from my retirement and another $4,000 from selling eggs so we are doing much better now.
2007-11-14 05:15:49 · answer #4 · answered by Anonymous · 2⤊ 1⤋
I started listening to dave ramsey every other day or when I'm in the car and he gave me the incentive to pay off my credit cards, pay off my car, and I was working on paying off my first house, but I decided to buy a second house and go into more mortgage debt :)
People like to live way above their means, they haven't common sense.
Right now my credit rocks, I wouldn't of been able to buy the second house if it didn't. Its a buyers market too. Time to get the good deals, they are out there. But its nice not having a car payment or credit card bills.
I hear these people call into ramseys show and state they have 70,000 $ in credit card debt. These kind of people need to be put out of their misery I think. hehehehe.
2007-11-14 05:30:28 · answer #5 · answered by WhereTheBuffaloRoam 5 · 1⤊ 2⤋
Mine is terrible because of medical bills. Medical debt is a huge issue. If you can't afford insurance, and your company doesn't offer it, and you break a leg. That's a 50,000 bill by the time all is said and done. Add on a divorce that left me a single mother, and it's doomed. I didn't 'let' it get that way, things happened.
2007-11-14 05:15:05 · answer #6 · answered by Eraserhead 6 · 2⤊ 0⤋
it's just too easy to get credit cards now.
they'll give them to you with the intent of you not meeting the requirements and then getting bumped up to a higher rate and then your entire minimum payment goes to pay interest and you never pay off the principle.
don't use them if you can avoid it. I learned this too late and now I am trying to catch up.
PS
don't fall for the "I can fix your credit" scams. no they can't!! only 2 years of steady on time payments can start to repair your score.
2007-11-14 05:16:21 · answer #7 · answered by CGAA72 3 · 1⤊ 1⤋
"Everyone" is probably disengenuous here ... perhaps the people who apply to your property are more likely to have poor credit than the national norm.
What kind f a place are you renting?
If you are renting in an area where the majority of people are poor and struggling to get by, yeah, the credit ratings will appear pretty bad - but I wouldn't generalize that to the entire world.
2007-11-14 05:14:38 · answer #8 · answered by Elana 7 · 1⤊ 2⤋
when my ex did a lot of stuff behind my back, and then the APR shot up to 29%. i always had excellent credit before.
i'm going to be paying for what he did for many years.
when this is over and done, i will Never have another cc!
2007-11-14 05:14:42 · answer #9 · answered by clowns_scare_me2 2 · 1⤊ 0⤋
Spending beyond their means, divorces, unemployment. All of that is prevalent in todays world and is the cause for the influx of horrible credit.
2007-11-14 05:13:38 · answer #10 · answered by Rick R , Super Duper Samurai 侍 7 · 1⤊ 1⤋