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Want to finish that sentence? I don’t. Because I could come up with a bunch of things and people, most of which are or were not that brilliant in their actions. Some are simply clueless. You know who you are. There are others who are so involved in themselves that they have no idea about anything around them. I have people in mind for that too. But what I think is a real problem are those who say they want to improve their credit so they obtain a credit card, max it out and then cry because it didn’t work for them. Why? Couldn’t pay it back. Uh huh.
Also on that list would be those who had no credit but still did a dive into that morass of problems associated with the current mortgage crisis. I am not talking about those who were really great with payments. I’m talking about the people who are not interested in payments. They simply want the stuff or the mortgage so they can have the house for however long before they get caught.
Now, I do believe there are people out there who did the smart thing; wanted a house, researched, called the mortgage lenders and got a deal…at the time. Now it’s anyone’s guess what will happen next. If you find a good, reputable lender, you have a real prize. They will help you any way they can. If because of the current situation, you are in deep doodoo, the good ones will do all they are able to help you stay out of foreclosure hell. Thing is, these folks do not want the property on their hands any more than you want to lose it. So, get out there and contact your lender and see what they are able to do for you!!! Or you can sit on your can and wait for them to take it away.
People buy cars they cannot afford. The payments looked good at first but they can’t actually come up with that one payment in two months let alone one month. How about those students. The credit outfits go to the schools and get the students that just got away from home for the first time and put them into credit card hell. The student thinks it is okay to use the card but cannot pay it back on time. Ah, those wonderful interest payments keep a climbing.
Beyond that, there are those who get some credit, max it out…sort of like the credit cards and wallow in their financial problems. You can expect them to not choose to pay back all that. They did not get into it to pay it back. Thinking of some people right now. Heck, there are all sorts of folks like that. Most of the people who want credit will pay it back but the other ones are the folks who will mess it up for the rest of us who do want credit. It’s a lot harder now to get credit and that’s when you would think it’d be easier. Lenders need the people to borrow. But now, if you are even a slight credit risk, the answer is no!! Not just a no but NO!!!! Sigh. That’s the way it goes, I guess.
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