Bad Credit: Not Just for Loans Anymore

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rebecca crosby of FL 11:56AM February 21, 2011

I agree with the writer regarding bad credit. I lost my job in 12/2008, and thereafter lost my apartment, car, and opportunities for credit to get me through the rough spots. My savings and 401k helped me for about a year. Unemployment lasted two years until it expired. People started treating me like I was a trash, dope dealing druggy, notwithstanding the consequences of a recession and job loss. No one more than Iwould like to return yo full time work so that friends who loaned me funds can be repaid. I was told that I am worthless because I had not returned the funds. I replied that I was not working yet and I was told that I was not worth a token $30.00 loan. It hurt.

I only hope that these people never fall so low as I have over the past two years. On the other hand, I would love to see them dipped into the abyss of the recession to experience what I and millions more are experiencing to teach them some humility.

P.Melton of MA 5:03PM February 18, 2011

Bad credit can some times be a blessing in disguise. Credit should only be used for special purposes, such as a home mortgage and perhaps a car. Society has trained us to live on credit, which is why there is a crisis today. An example is cellphones. If you want that fancy phone and cannot afford the full price, why not get a cheaper prepaid phone. You can get a smartphone from a prepaid company at half the price of a post paid phone. Our culture of needing instant gratification for all of our whims is evil.

Bernard of FL 11:14AM February 18, 2011

BAD CREDIT IS NOT ALWAYS ONE PERSONS FAULT.CONSIDER ONE LOSSES THEIR JOB. THERE IS NO WAY TO PAY THE BILLS. YOU LOSS YOUR CAR AND FORECLOSURE ON YOUR HOME YOU HAVE PAID ON FOR YEARS. ALL GONE THE ONLY THING YOU HAVE LEFT IS "LABELED BAD CREDIT 'WHICH IS OF NO FAULT OF YOUR OWN, BUT PEOPLE JUST DON'T UNDERSTAND OR CARE.

THIS IS SO UNFAIR NOT ONLY TO ME, BUT TO A THOUSAND OF OTHER PEOPLE. SOMEONE PLEASE, PLEASE GIVE US ANOTHER CHANCE TO GET OUR LIFE BACK AND REBUILD OUR CREDIT

ann of NC 8:06PM February 17, 2011

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