Bad Credit and Normal People
March 9th, 2010 Filed under: Uncategorized — Credit Card Author |
People need more money every day and they need it even if they seem to have enough. They need more money and to get more money they need credits. The excitement of getting initially free money is so high that they go and spend all the money in one week. After the first month the first payments start raining in the mailbox and they suddenly realize that they didn’t really buy much at all with all the money they got and that they will have to pay a lot of money back each month. Here is where the bad credit report starts and where you start losing more money than you actually have.
People, mostly American residents, rarely get the idea that they need to start making some money and stop spending money they do not have. In my opinion bad credit is like a very gentle talk to your child when he did something wrong. You just tell him that he did bad, but no other real consequence follows. It is exactly the same with American residents and bad credit. The banks tell them that they should start paying some money back, but will give them another, reasonably smaller, credit that they can spend. That is where the crisis started and that is why it goes on to ruin the world’s economy. So, start earning the money you spend and start paying for the things you buy with the money you make.
I personally believe that you should be sent to jail if your bad credit report has lasted for more than a year. Then we shall see who has the nerve not to pay for their credits. I am certain that the financial problems of the country will stop and everything will get back to normal.
In other countries around the world you are not allowed to have more than one unpaid account or credit. You need to pay immense penalties if you don’t pay on time and you don’t get any bad credit report, you will not have access to any loans any more. Americans have a very poor economic and financial system that somehow manages to affect the entire world. Why should I suffer because 80 percent of American citizens are spending money that they don’t actually have?
Last, but not least, bad credit should be changed as a concept from the very basic of principles. I know bankers are greedy, but they should also be greedy when it comes to taking the money they lend back from their clients.
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