Newt
DCC 4Life
- Joined
- Apr 9, 2013
- Messages
- 1,149
I think we have all been there though. The way things work now does make it hard to not get into debt. We've all made that purchase that we regret, mine happened to be a house and I'm paying for that right now. It sucks, but it is what it is. Lesson learned, don't buy a fixer upper if you aren't a fixer. Then move forward. You can't hardly pay cash for major purchases anymore. Has anyone priced a new Tahoe in the last 5 years, they are almost as much as the house I was just talking about. So you borrow money, at an interest rate that while not "fair" to some people, it is agreed upon up front. If you don't agree to it you don't have to sign the paperwork. The first vehicle I bought on my own I paid 18% interest for the first year before I could refinance, I had no credit at that point. Point being, you have to have credit to get credit or it costs you out the ass.I know that was terrible to say. I probably shouldn't have said it at all.
Dang though, some people complain that everyone is constantly screwing them. While that is going on millions of people in Clay's situation or worse or sitting in the house that they own. I've screwed so many things up myself, so I can't be too harsh. The thing is though, I'm not looking to make it someone else's fault.
But put yourself in the creditors shoes, they don't know me, they damn sure didn't know me at 20 years old. Why the hell would they give me 1.9% on a loan? Its easy to understand now that I'm older.