- Platinum Member
- Posts: 64
- Joined: Wed Mar 26, 2014 12:49 pm
- Location: USA
Wow! I can honestly say that this is the first time I've ever been called a bully. And while I appreciate where you're coming from, I think you're wrong. I wonder if you actually read the entire post over at myfico, and all of B&T's other posts? Let's break it down a little.
1. A person without any understanding of fiscal responsibility goes on the Internet to find out how to get credit. Rather than listen to all of the advice he's given (i.e. If you can't PIF each month, you can't afford it.) he listens only to the advice on how to obtain credit cards for himself and his family. At both sites, this one and myfico, the entire theme of the advice is to don't buy something if you can't afford it. I've read on both sites that CC's are not a contingency plan, make sure you have a plan for unexpected expenses and for loss of income.
2. That same person goes, in just a short time, from having no credit, to being ready for BK. Wow, do I need to explain this? That's not ignorance, its just plain irresponsible.
3. There sounds like there are 4 able body persons with less than 20K debt between them and it's the end of the world. As a Minister, I've dealt with families that have found themselves hundreds of thousands of dollars in debt due to illness. It wasn't the end of the world for them, and it won't be for B&T either. He's put himself in a bad spot, but it's nothing that he can't learn from and get out of. And it's no where near as tragic as his post make it sound.
4. There really wasn't a whole lot of advice that he received that I would personally call bad. Several times he was told to make sure that anything they bought could be PIF. As a new member here, and really new to credit, I read both sites. Plus I read just about anything I can find on responsible credit management. And while I agree there is almost a "Cult" environment in the gardening club at myfico, my bigger problem with that site is that they constantly refer to credit as a game. And worse, a lot of the post I've read, they act like it is a game, "first one to a million dollar credit limit wins!" type environment.
5. I personally don't think B&T's life is going to fall apart from this. So yes, I can find humor in his tragic posts. He might have to learn some hard lessons, but, all of us do. That's what makes us human.
Discover IT - $4000;
AMEX BCE $12000;
Citi Double Cash - $6600;
CHASE AARP Visa - $5000;
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NFM - $20,000;
Sears (Citi) MC - $6000;