Well, I suppose anyone can tell you that.
I personally harbour allot of distaste for money lenders, credit unions, banks, financing institutions and any place that makes money by lending money. I don't condone the fact that people have all the right in the world to find means to feed themselves, and thier children. I condone the fact that they take my freedoms, rights, and privliges and exploit them, to put food on the table.
I took a non-secured loan out in 2003 for 4000.00 from BMO that was over and beyond my means and I couldn't pay it back. It went into collections and frakked my credit rating into a R-7. Of course not knowing what I was doing at all, I managed to get a Telus phone contract while I was in good standing, and lost the phone.
I refused to pay for the telus phone, simply because Im retarded I guess I don't agree in 3 year terms for cell-phones, when models change monthly, and when cell-phones range from 800.00 new, to 150.00 after three years. Saying I didnt agree, but having my signiature at the bottom of the legal disclaimer is hard to back out on. So, I decided to just let it go.
The Bank loan,I was embarrassed about it, I buried my head in the sand, and wished it would go away, feeling like I was the only person in debt in the history of modern mankind.
In 2004, BMO came calling, only this time they had more people and were really pushing the "pay now" routine, or they would send it into collections if I didn't conform. This is when about around I found out a little information concerning how the "BIZ' operates. I threw them an ultimatum, either they agree to my terms (full payment over a long period of time), or I was going to 'let' it go to collections, and settle with them for half of the overall amount. I was shocked and amazed to find utter silence over the phone. I almost laughed out loud, it was the first time I actually made a stand. Needless to say we finally saw eye to eye.
By 2005, I had given up again, my payments were falling really behind, and I was ready to throw in the towel, and this time BMO was coming at me with a court order, which scared the freaking daylights out of me. It was signed and everything. Freaking out, I phoned OPD, and after a few meetings and whatnot, had a counter-court order in place. I was out of hot water,again.
By 2006, I thought I finally had my debt under control everyone was happy, I was meeting my payments, things were good. Then my wife almost dies while giving birth to our first born, and well, things haven't been the same since. My son, Robert is healthy happy bouncing baby boy, with the stomach of a horse. Things are getting more and more expensive as time ticks allong. Losing my job 12 days before christmas almost thrw me back into the bottle.
Now, OPD went through the floor, im just sick of paying debt, and paying, and paying, and paying.. Im just sick of it, I really dont care if credit is important, if credit-cards are needed...they can have it. I have been living paycheck to paycheck for so long now, I cant spell savingfs..sagvins..y'know where you save money, so you can spend it later...that place.. where is that..
Now, Im 4 years later, and my debt is EXACTLY THE SAME AS IT WAS WHEN I STARTED THIS WHOLE MESS. so here we go again, I actually look foreward to sitting in a court room. My credit is at an R-9 (1/2) 7th level of hell, 6 feet under.. Cold and Hard...
When I need to make credit card purchases, I get a CC gift card.. and do it that way.
My credit is screwed up, and I wouldn't know how to use good credit, because I have never had it. Whats going to happen, being that I am on IE right now, and learning how to drive Class 1 "big-rig" and tell everyone that they will not be able to see any money from me, for atleast a month and a half, "AFTER" I get the new (career) job, because I have obligations to my landlord, and other bills, that If I dont get on top of, will turn into the very thing I hate.
What I can see will occur, is that a year and a half from now, I will have everything all paid up, and in a perfect situation to build my credit, but because of letting OPD go, Im Bankrupt.. which means for 6-10 years..before I can get a Money Mart card..hell, or rent from Blockbuster..
The funniest thing, is I have the lightest debt load (5000.00) and managed the highest possible penelty finantially (I feel) short of criminal fraud. Figure that one out..
This is like stealing a candybar from the corner store, and Hershy does a mob hit on your family, and you all wind up floating in a canal
TTFN