Economics 101: supply and demand. there would be no more 29.99% interest rates, or credit bureaus, etc., etc.
All the people bashing OP for his decision are full of crap: it's not anybody's place to judge him. don't agree with him? so don't do the same thing. that said, I'm sure all of you have some secret that we could all criticize you for. apart from the whole ethics side of things, think a second about the manipulation of the whole banking/financial system. the poster who wrote that the whole thing is set up to enslave people got it right. people are brainwashed into thinking they need a good credit score "or else", that it's important to buy things, and always pay back debt. "Fiscal responsibility" is a fairy tale created by the banks to enslave people to debt, ridiculous banking fees, and usurious interest rates.in the mean time, BP destroyed the gulf coast, large financial companies like GS are stealing from US citizens with government compicity, and the pork barrel US government is mismanaging trillion dollar debt. all with the help of the SEC, FED, and Treasury, and YOUR tax dollars are subsidizing it. and you're angry at this guy for walking on $12k of debt? REALITY CHECK!
All the people bashing OP for his decision are full of crap: it's not anybody's place to judge him. don't agree with him? so don't do the same thing. that said, I'm sure all of you have some secret that we could all criticize you for. apart from the whole ethics side of things, think a second about the manipulation of the whole banking/financial system. the poster who wrote that the whole thing is set up to enslave people got it right. people are brainwashed into thinking they need a good credit score "or else", that it's important to buy things, and always pay back debt. "Fiscal responsibility" is a fairy tale created by the banks to enslave people to debt, ridiculous banking fees, and usurious interest rates.in the mean time, BP destroyed the gulf coast, large financial companies like GS are stealing from US citizens with government compicity, and the pork barrel US government is mismanaging trillion dollar debt. all with the help of the SEC, FED, and Treasury, and YOUR tax dollars are subsidizing it. and you're angry at this guy for walking on $12k of debt? REALITY CHECK!
