Ready to admit your were wrong?

[Bubblehead1980]

Originally Posted by Neal Stevens

Hah, m'ok.

Credit is a service. You may elect to borrow money, it will cost you something. If you ignore to pay the money back as agreed when you borrow it, the lender will impact your credit score. Pretty simple, huh?

I never said this guy was "bad". Bad credit means this guy was undisciplined and sloppy. And it also means he has other, more important things to attend to than buying a toy.

No, it is entirely unfair. Credit score does not take into account things that happen out of control then it affects people's ability to get things(certain jobs included) they NEED. Personally, it's never affected me since I have good credit but I have seen it hurt people who had things happen out of their control. Honestly, it is "the man's" way to keep a lot of people down because they wont or cant at a moment in time, play by his rules.Also, without know this guy you suggested he is sloppy and undisciplined because of his credit? See allows for a lot of prejudgements, it's an unfair process.

I mean how ridiculous is it you credit score takes a hit if someone runs a credit check when you apply for things? That is the most ridiculous crap ever, it punishes someone for trying to get things.The system is outdated, unfair and needs to be abolished and at the least, a major consumer oriented overhaul.