When someone is judging you they are forming an opinion and even worse a CONCLUSION about who you are and what you are worth.
The statement is that you are exactly where the system wants you to be. Oh and the systems that we often refer to is not one big system there are several and the one that I am talking about is the banking and lending system.
There is a huge misconception that the system or the industry would like for us to have great interest rates and lower payments and this is not true. It is their desire to get approvals with the highest possible rates because this is how they make money. So, the idea that there is someone other than yourself and a company you hired to work with you on your credit wants you to walk into the bank with an 800 credit score is completely wrong.
There are more benefits to having someone walk into the bank with a 700 credit score. Think about the mortgage industry and how one can get approved for a massive 30 year mortgage and borrow hundreds of thousands of dollars with a 580 credit score.. We can say that the mortgage industry is more focused on the length of credit that someone has versus the scores but the statement is very clear - a 580 can get it done with the right credit mix and this is ok because you will receive the highest rate available at that time and pay it for years to come.
Assuming, you don't get wiser and improve your credit so you can refinance your home with a 780 credit score and save yourself thousands on top of thousands of dollars. Please believe that the holding mortgage company is assuming the same thing and also hoping that you don't refinance unless it's with them. In which they will make more money because of the cost of repackaging a brand new mortgage with closing costs and down payments potentially.
Now let's discuss the car industry and credit card industry that are notorious for the 24.99% and don't mind!
Every time we agree to pay these high interest rates it's making a statement that we don't mind paying them, paying the large down payments and the high car notes. It is saying that we don't mind wasting money. That we would rather waste much needed money we could use else where to pay other things than to be disciplined and fix our credit and change the statement our credit reports are making on our behalf.
It is a true mentality that we must change and I understand the need to do what you have to do to secure a vehicle for work and family etc.. However, after that vehicle is purchased let's make it our business to change the cycle of wasting money and paying for things multiple times when there is a way out of that cycle.
There are Americans that are paying 0%, 0.9% and 1.9% on loans, vehicles and credit cards. They took the time to do the work, hired a professional to be accountable to and made the changes. There are some that come from families that already have these values and never take the setback but I assure you that is a very small percentage of people.
Most of us start running our credit down at 18 during college or for other means of survival, but whatever the reason is that we lack the knowledge to have great credit then - we have no excuses now.
The perpetual state of Homelessness will never end unless we take initiative to educate peoplem on the importance of credit, how to use it and how it is speaking on their behalf. Also, how it is keeping them in bondage and in a perpetual state of not having the proper resources to maintain in the United States of America's economy.
Then there is the gentrification that has taken over the affordable housing neighborhoods and pushing people into temporary housing units and promising that they will have first dibs on the new apartments or "mixed" income units. This simply is not true. There will be additional qualifications for those previous residence that were not in place prior to the gentrification project for that particular area.
The idea of gentrification is to improve areas for the middle-class to live in the inner cities and feel safe and live in desirable housing and areas. At the expense of others not having safe and affordable housing. Prior to the gentrification the Ending Youth Homelessness by 2020 Initiative was the major wave of "doing good".
Opening Doors: The Federal Strategic Plan to Prevent and End Homelessness, is the nation's first comprehensive strategy aimed at preventing and ending homelessness, and serves as a roadmap for federal departments as well as local and state partners in the public and private sector to address this critical issue.
The vision for this program is that "no one should experience homelessness - no one should be without a safe stable place to call home".
So, much for these ambitious goals.
Majority of the population that are homeless are Youth and Children.
To tag team with gentrification is the increase in rent in other areas that were once affordable. Oh, and it is not like back in the day where one good easily find a private landlord and skip the scrutiny of the background checks. Now everyone has access to an online program that will allow any landlord to screen a tenants credit most importantly.
Credit is the elephant in the room because most people have lived their lives without using it, knowing how to build it or just not having the proper education and respect for it and how much more comfortable life can be when using credit as the tool that it is.
There is a serious disconnect in the mentality of the importance of credit and the eagerness of those that have the knowledge and aren't providing to others, starting with those getting all of the government and private millions to participate in gentrification builds and renovations. It is then that NPO's responsibility to provide resources to help the displaced tenants get into position to apply for the new homes.
But I know....
That's not the goal.
There are nearly 78% and can be higher at any given time of all Americans that have something adverse reporting to their credit. With the amount of agencies, companies and individuals that promote credit repair and their companies at times it can be challenging to take the industry seriously.
However, that is the case in any industry that is saturated and most are. It is important that you treat your credit repair/building needs like anything else and do the research to find the company that works for you and one that you can depend on.
How to know that you chose the right company:
1. They do not sign and bye! A company that signs you up for one of their programs and you rarely or never hear from them is not a great option and you should know this within the first 30 days.
2. They sign you and you mail the letters. I am not sure this is a best practice or why companies choose to do this but I do not recommend this approach. Yes, the value is in the letter and knowing how to approach situations, however the discipline must be in place in order to be successful and let's face it most people do not have the time to deal with repairing their credit or researching their reports to make sure everything is accurate.
3. When you have a billing or cancellation question, they avoid you. This is not a company that you want working anywhere near your personal information. The same amount of time they spent with you on the phone signing you up should be the same amount of time they spend with you if you decide to cancel.