Happening here. Lose you job and get evicted? Enjoy a sub-550 FICO score. Prevents you from living cheaply. No sub-36% car loans for you, a decent place to rent is now impossible, banks won’t give you an account, expensive and crappy prepaid phone plans are all you can get and most jobs that check credit will deny you (Many, many companies use Checkr, and they report anything negative in your credit report - you must give them permission as part of the hiring process). Welcome to the permanent part-time minimum wage lower class.
Wasn’t it Jesus who said “owe nothing to no man” or “owe no man nothing” or “don’t owe anything to anyone” ? Or something like that. Maybe it was the apostle Paul, but some prophetic advice eh? If you can swing it.
Sure is. Spot on...