Before last summer I was getting at least 2 credit card offers a week. Lately there have been zero. Thats fine. I have no credit cards and want none.
A concern I have is how credit ratings are used to manipulate people. A lot of good people, through no circumstances of their own making, will lose homes and autos due to unemployment and loss of income. Bad credit is like a ball and chain, keeping good people who regain employment from having anything meaningful, including a voice for decades. Don’t try to run for public office with a bad credit rating. You will be crucified as irresponsible.
Even though the government you try to join has a far greater magnitude of irresponsibility.
If there is a job sector that will undoubtedly grow, will be the collections agencys. There will be a lot of openings for top notch a-hole pro’s scavenging from honest people’s misfortunes.
But i do like the idea in principal of paying taxes on credit cards and defaulting. Serves em right.
“A lot of good people, through no circumstances of their own making, will lose homes and autos due to unemployment and loss of income.”
BS! If they didn’t have the money in the bank to pay for any card purchases they had no business charging anything.
They deserve to lose everything they have!
I get credit card offers all the time. They go immediately into the shredder. Only the return envelope goes into the trash