Borrow your own money.

November 11th, 2008

I do not believe in credit. As much as I can avoid it, I do. I do not have store cards or bank credit cards. I do not borrow money unless it is for a home or school. I even purchase my cars outright. If I can’t afford it I shouldn’t have it. The problem with my personal theory is the credit bureaus demand that an individual have an open line of credit to be deemed credit worthy (for a home, school or business). So, I opened two secured credit cards. The credit line is actually a deposit I made for collateral. My payment on my own credit line will reflect to the bureaus that I am capable of making punctual payments.

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Entry Filed under: Business

4 Comments Add your own

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