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lulugraphics	credit reports	Lead	[-]
Posts: 248 (11/06/09 14:30:19) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	Tags : None strange topic for this board, I realize, but I don't have much experience with the "regular" world in terms of loans, credit reports, insurance and the like. I am interested in what others have to say about getting credit reports and what they mean because when I get a regular income happening again, I want to explore getting a rural development loan to have my own place. I really want an artist colony but I may not be able to do that first. If anyone has anything to share from a personal viewpoint or experience about what credit reports are all about, I want to hear it. I know some people live and die by their credit scores and that sounds horrible to me but I'm so ignorant of this topic, I need input. thanks, carol
2handband		#1	[-]
Posts: 416 (11/06/09 14:53:50) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	Getting credit for anything is virtually impossible right now. The only people who are getting loans are people with established credit and sizable incomes. I don't expect that situation to change anytime real soon. Wait a few years. I expect to see property values plummet, and I think that we may be looking at a not-too-distant future in which squatting becomes more doable. Be flexible... the brave new world we're walking into probably won't look anything like we expect it to.
freecookies		#2	[-]
Posts: 150 (11/06/09 17:55:22) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	Yeah, the cycle's passed. Few years ago, if you could fog a mirror, you could get a loan. Now the only people they'll loan to are people who don't need a loan to begin with. Such is the way of things. The pendulum swings to and fro...
TheGoodLife		#3	[-]
Posts: 544 (11/07/09 00:34:36) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	Loans have to be PAID BACK. At the rate things are going, I fully expect to have land of my own in a few years, because property values are going to plummet, and with the dieoff (as per Orlov, you can have a hell of a dieoff without it being that obvious) and people moving into "clumps", leaving to be with relatives etc there will be plenty of land for the occupying right around here. Land will be for whoever wants to farm it or use it, I'm sure it was this way after the big dieoffs of the Plagues in Europe too. Loans are bad, bad, bad. I'm sweating bullets over a really rather small loan of $1000 for EMT school and I only took it because I feel I can pay it back through selling crafts or even going back to panhandling if I have to, and have it paid off before class starts. That's right, I am not counting on EMT school getting me work as an EMT, since I'll be done with the school about 7 months from now and by then, who knows if there will be any jobs around? I also have things I can sell to pay off the loan and that's in the end why I am willing to borrow the money, because I have things on hand I can cover it with - most notably my motorcycle, I can always sell that for enough to pay of school and get a "rat bike" or a real nice messengered-out bicycle.
Doc Agape		#4	[-]
Posts: 130 (11/08/09 04:20:55) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	srr GTG Last Edited By: Doc Agape 11/09/09 15:32:28. Edited 1 times.
lulugraphics		#5	[-]
Posts: 249 (11/08/09 09:23:59) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	Doc Agape wrote: Credit reports are a tool of the devil. They only have power if you buy in to the coercive system that says them important. Don't go there. but HOW are they the tool of the devil? do people only need credit reports for car loans, mortgages and credit card consumer binging? 2hand, yes, I'm hoping the same thing about the property values plummeting. GL and freecookies, I don't really WANT a loan or need one right now but I am really ignorant of the whole system so I am curious why people are so caught up in the credit report thing. Or is the credit report hype just an internet/banking/advertising hoopla to make people believe the credit report is important? Is the credit report system geared just for people who are awash in debt anyway? pardon my confusion and ignorance, I just don't know anything about the whole idea and who buys into it and why. thanks for the input
TheGoodLife		#6	[-]
Posts: 553 (11/08/09 10:47:38) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	Borrowing money on an asset that's decreasing in value is INSANITY. You want land, you WILL get land. Should only cost you a few bullets worst case, further into the crash, in reality if you are useful you'll be welcomed onto land.
Doc Agape		#7	[-]
Posts: 132 (11/08/09 12:01:32) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	sry GTG Last Edited By: Doc Agape 11/09/09 15:32:00. Edited 1 times.
lulugraphics		#8	[-]
Posts: 252 (11/08/09 15:17:55) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	Doc Agape wrote: Credit report numbers are like commercial scorecards - the swarm wants you to value that number. aaahhh, the light dawns, that's a metaphor that makes me "get it." GoodLife, I'm not planning on borrowing money, fyi. I'm so far out of it, I'm just curious about the phenomenon and was wondering what others have to say about it. I'm still working on getting my income to exceed my expenses by even two dollars a month. My total income last month was $131.00 but that is improvement so I'm grateful. Plus, keep in mind, I get free rent from my mom so I'm a double pariah: an unproductive member of society and a freeloader. My aged mother is graciously providing me with the last vestiges of a middle class lifestyle.
TheGoodLife		#9	[-]
Posts: 555 (11/08/09 21:42:55) Reply Quote More My Recent Posts Message Me Connection Blocking Invite Ignore User's Posts	You probably do enough chores around the house and just being there in case of emergency, etc., to be well out of the freeloader range. Yes a credit score is a scorecard in The Game. that game which it's becoming insane and ridiculous to play.

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