Bankruptcy Forever
- FrugalFran
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- Tishbel
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WELL DONE! You didn't just save money. If movers where you are are any like the last ones I hired, you probably saved anything fragile that needed moving!FrankN wrote: We just finished moving in. MAN MOVING IS TIRING. I am too cheap to hire people so we did it all ourselves.
- FrankN
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- Wanderer
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- Moneyes
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- Goldbug
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The problem with using cash is that money laundering regulations place a limit on how much you can spend in cash or by cash transfer. You might get away with a debit card and the cash in an account, but in order to stop organised crime a lot of innocent people get penalised.Moneyes wrote: If all else fails, pay cash.
Credit and the ensuing rating is important for getting your name established in the financial world. There is no denying that. But there is no greater buying power, even in 2017, than cold, hard cash.
- Lexie
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- FrankN
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- Moneyes
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Wanderer wrote: So what do we do for credit in the future? Take your credit very seriously. In this automated world you can't hide. And, there may be no forgiveness.
Signed Concerned
If all else fails, pay cash.
Credit and the ensuing rating is important for getting your name established in the financial world. There is no denying that. But there is no greater buying power, even in 2017, than cold, hard cash.
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- FrugalFran
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- Goldbug
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Replied by Goldbug on topic Re: Bankruptcy Forever
I know this is an old thread but that was a really accurate prediction. The last time I talked credit with my bank, they asked for my employment contract and three paystubs. It was a problem because I'd only been working there four weeks! It seems like this is normal practice for some places now, as well getting credit reports and checking credit scores.Meya wrote: I saw on the news where they were talking about consumers will soon have to provided pay check stubs, tax returns, or W2's in order to get credit established with banks. I really cant argue with them on this because showing proof of the income that we state does open a better relationship for banks to grant consumers credit, and to show some trustworthy of our ability to pay. Then they can compare our current income-to-debt-to-credit line ratio. Can anyone else agree?: