Yes. It is. I've no one to blame for any of my debt but me. Unfortunately, once you get into the trap, it can be very difficult to break out of it, but it can be done.
Everyone's worried about credit scores. I'd love to not have one.
Believe me, if you don’t have revolving lines of credit on (i.e., credit cards) on your credit report, your credit score nose dives. I’m going through that now trying to get re-financed. I haven’t had credit cards in almost a decade and that is what is holding me back through the mortgage company. Its maddening.
You might think so but I paid cash for so long I had no credit score. Considered buying a house, applied at bank, no go. She said I didn't have a bad credit score, I didn't have a good credit score - I had no credit score.
Back in the day when I did borrow money, we used a small local bank that didn't report to a credit agency (that was only about 10-15 years ago).
Point is I was able to buy a car on time (with a co-signor) so you do want to borrow money every once in awhile just to keep a credit score.