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Retirement thread
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<blockquote data-quote="bobo" data-source="post: 405136" data-attributes="member: 861"><p>IMO the whole credit system is a rigged game.</p><p></p><p>The only way to build credit is to take out loans or get credit cards & pay off the balance over time so the credit companies can get there interest money. If you use a credit card & pay the balance off in full every month you build little to no credit assuming the companies report it at all. Miss 1 payment & you will be reported before you know what is going on.</p><p></p><p>So if you have paid cash for everything your entire life and want to borrow money to buy a house you are **** out of luck.</p><p></p><p>The borrower is a slave to the lender & that is just the way they want to keep it.</p><p></p><p>Just another way they are keeping the white man down :****:</p><p></p><p>Jeremy</p></blockquote><p></p>
[QUOTE="bobo, post: 405136, member: 861"] IMO the whole credit system is a rigged game. The only way to build credit is to take out loans or get credit cards & pay off the balance over time so the credit companies can get there interest money. If you use a credit card & pay the balance off in full every month you build little to no credit assuming the companies report it at all. Miss 1 payment & you will be reported before you know what is going on. So if you have paid cash for everything your entire life and want to borrow money to buy a house you are **** out of luck. The borrower is a slave to the lender & that is just the way they want to keep it. Just another way they are keeping the white man down :****: Jeremy [/QUOTE]
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