“the system is designed to prevent you from saving your way out of poverty”
Followed immediately by “go 10,000 into credit card debt to pay for education”
While “Bankruptcy can’t take away your skills” it can 100% leave you on the street.
Not really, but that’s a myth that credit card companies want you to believe. Creditors really want to be repayed and make a profit. So they want you working, eating top ramen and paying them back. Homeless & jobless = no money for them.
Property owners want somebody with a job, a history of paying rent, and enough income to cover it. I was always able to get a place to live even when my credit rating was sub-500’s due to credit card charge-offs.
“the system is designed to prevent you from saving your way out of poverty” Followed immediately by “go 10,000 into credit card debt to pay for education”
While “Bankruptcy can’t take away your skills” it can 100% leave you on the street.
Not really, but that’s a myth that credit card companies want you to believe. Creditors really want to be repayed and make a profit. So they want you working, eating top ramen and paying them back. Homeless & jobless = no money for them.
Property owners want somebody with a job, a history of paying rent, and enough income to cover it. I was always able to get a place to live even when my credit rating was sub-500’s due to credit card charge-offs.