Let's hope everyone's driving record improves, otherwise we'll all be paying more for our car insurance.

 

Hasn't almost every airline declared bankruptcy? Some with billions in the bank?

The entire Business model of the American airline industry has been to use bankruptcy to get out of debts and contracts
. It would be beyond ridiculous to think the employer would demand a higher standard of the employee then of themselves ....... So that guarantees they do.

 

You must not live in Texas where insurance is mandatory, almost half the people don't have it, and the price is high.

 

This. Credit scores are often used to sort winners from losers among competing applicants, while the moral fiber of the applicant can and often does exceed that of the prospective employer.

 

^^^This^^^ Exactly! If I (we) take out a loan, or invest our own money into a risky investment, such as a fly by night flight school, or buy a house in FL in early 2007, with the intent to flip it; then sh!t out of our control happens, ie. 9/11, flight school goes belly up, housing market collapses, I (WE) are the ones stuck holding the bag. No one bails us out. The only options are to suck up the losses, or just dump the debt into BK, or straight default. But that still doesn't just go unnoticed, with bad credit hits lingering on the credit reports for 7 to 10 yrs, and not being able to get credit. We either suck up and pay the loss, or take the credit hit in BK or default (7 yr hangout plan).

Yet, the banks make the same risky investments when they push loans and extend lines of credit to risky borrowers. Except, they will be damned to get caught holding the bag. They'll hire debt collectors to harass you, write it off as a tax loss and sell the debts to junk debt buyers, and / or get a government bailout. Funny how when the average street consumer makes a bad financial decision, or has an unexpected unfortunate life event happen, they are considered an irresponsible dead beat. But when a bank or corporation does it, it's just business as usual, and good ole' Uncle Sam comes to the rescue of their moral and fiduciary irresponsible actions.
/rant.

 

Come work for me at RAH. I don't check credit. In fact I will pay you so much that u will be forced to default and ruin ur credit. Enjoy!!
Bless God.
Signed
Drofdeb Nayarb

 

I'm not sure what that is, but I didn't sign up for an interest only loan.
After the first year of forebearance I couldn't make the $700 payment and I asked what my options were... the option was to pay interest only ($550) for a year. I did that and then paid the $700 payments for another year+ after that by not paying rent to my parents.

 

Damn right!!!

 

ding ding ding......apparently Goggles has tunnel vision and doesn't realize we are also paying premiums for the uninsured guy who hits us.

 

I had a high credit rating before I had no money to pay my payment.
If you are saying that everyone who has a high credit rating is now paying high interest rates because people like me who had high credit ratings have defaulted... well, that doesn't make any sense.