Quote:
Originally Posted by the urban politician
Yep, and what I love about Rosa and Guzzardi is that those idiots got EVICTED for not paying rent. What a bunch of losers. I'd love to know what their credit score is.
I'm sure their answer would be that credit scores are EVIL. I should not be judged on my past behavior, that's a violation of my civil rights!  |
Not paying rent is pretty stupid. Even at times when my budget was chaos, rent was always the first thing I paid simply because without a place to stay everything else would probably fall apart or become incredibly difficult. For similar reasons, I always keep one credit card paid up even if I didn't have enough money to about being late on some other consumer credit - in today's society, you need a credit card to function. Pretty much when I was fine financially everything got paid of course, but if things got tough the priority list was rent, electric and gas, phone, insurance, one credit card, internet, other credit cards, any other random payments. I haven't owned a car in two decades, but even when I needed a car and had a car payment, it and/or car insurance came after rent - I wasn't about to risk criminal charges if I had an accident.
I get that rent for an office is a little different from over home, but you still need to have a base of operations if you want to be successful.
I don't think credit reports are evil, but I do think they're both overly simplistic and over-valued by a lot of businesses that use them to evaluate people. I get there is a lot of value for smaller loans to be able to have a simple way to quickly decide whether to grant credit, but the more significant a loan is the less I think relying on a credit report as anything more than a starting point for the discussion is smart. Both because someone with excellent credit who's never had to handle hard times is wildly unpredictable if they do run into hard times, so may be far riskier than they appear, and because someone with mediocre credit who's had hard times may be far more reliable than their score would indicate. I've had times when my credit score was terrible, but I've always made creditors whole and never just let something get written off. But I've had friends who had excellent credit just walk away from things, sometimes very significant things, when they ran into difficulties.