The Credit Fix Report

Can a bad credit rating save you from bigger problems? Hasn t it done just that for many young people? I ll explain how with a couple true stories.

Good Credit Rating Story

My friend started his adult years with good credit. Soon he was able to get credit cards at will, as well as finance cars, snowmobiles and more. He made the payments, and went deeper and deeper into debt while he was at it. When he was 30 years old, he had over 20,000 in credit card debt, plus loans on cars and business tools.

Eventually it was just too much to handle. After considering bankruptcy, he was convinced that the credit card companies would reduce his balance due if he just threatened to declare bankruptcy. However, he had to stop paying on the cards, or the credit card companies wouldn t believe he was in financial trouble. He did this, and then drafted a nice letter to the companies, explaining his situation. Most cut at least 30 percent off what he owed, but he had to pay the remaining balances immediately, which he did with a home equity loan.

As a result, his bad credit rating wasn t as bad as if he had actually declared bankruptcy, so he was able to rebuild his credit score. He also started to rebuild his credit balances. His good credit rating enabled him to begin again the process of overburdening himself with debt. He lives a stressful life, to say the least.

Bad Credit Rating Story

Another friend had her first credit score based on the phone bill in her first apartment, which she never paid on time. It was eventually disconnected. This, along with a few other minor credit infractions, destroyed her credit scores while she was young. What has this meant for her?

Well, because she can t borrow, she hasn t had the pleasure of being overwhelmed with debt and at the edge of bankruptcy. She has to buy things for cash when she has it, or wait until she saves enough. Has the inability to have a bunch of things around that are worth a fraction of what she owes on them made her less happy? I don t think so. She seems happier than most people, perhaps partly because she just doesn t have the debt stress that is so typical today.

Bad Credit Is Good?

I m not saying you should purposely try to get a bad credit rating, but if you already have one, know that it isn t all bad. The habits that got you here could get you into even more trouble if you could borrow more. Why not look at it as an opportunity to stop going further into debt, and a chance to learn better habits?

Pay cash for everything. Pay down those credit card and loan balances (the higher interest ones first). The moment you get your cards paid off, start setting aside money to buy a good used car for cash. then, when you ve done that, start putting what would have been a car payment into a savings account, for a future down payment on house or a business (the only things you should borrow for). Yes, a bad credit rating can be good thing, if you take it as a lesson, and an opportunity.

Centuries ago, moon exploration was either never considered or people could only dream of it. Nowadays, we live with the knowledge that man has already made it onto the moon. This is a great thing. The moon is very much a part of our very planet. Without it the tides would not exist. We would not have something to light up the night sky. We need to understand that the moon is something to be explored and preserved and not exploited. We went to the moon once and no people would like to get there again. But at what cost? As with any new frontier people have dreams to build on it, vacation on it, and in general make sure that they can use it and experience it. Who knows what kinds of consequences this will actually have?

If you want to learn about moon exploration there are several things you can do. The first is to look at the first successful moon exploration mission and see what they found. The second is to track the progress of moon exploration throughout history. The Cold War is responsible for furthering the cause of getting to space. The United States had several successful missions to the moon. Read about all of them if you want to understand moon exploration.

It is because of moon exploration that we know so much about the moon today. This means that without this knowledge, people would be ignorant of what the moon is made of and how it works. Thanks to the pioneering work of those early scientists and astronauts and in some cases, both, there is a lot of knowledge that we currently have. Though what that knowledge means is unclear. There are a lot of important discoveries that have been made, but not all of them are understood in a larger context.

We worked hard to do moon exploration. A lot of resources went in to making that first moon landing and all the other ones after that successful. We went to the moon once and now people want to go again. Everyone has different agendas for doing so. However one thing is for sure, we need to study the moon more to make sure that our travel will not have an impact.

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