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NewAnubis

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Do credit reports equate to credit worthiness?
If the interest of the consumer were actually paramount your credit report would be a whole lot different. Credit (debt) creates a master - slave relationship and is arguably no different than any other bondage endured throughout history.

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It's pretty much a misconception that one need to be in debt to have good credit. Not only it isn't true, most of time it's quite opposite, many will tell you it's very difficult to maintaining their credit scores while they are in debt, might it be high(er) credit card utilizations and or new loans, even getting just one inquiry might lower your score, so credit scores themselves are giving you sings not to over use your credit. Many others have solid credit reports/scores by having little to no debt.

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It's the consumers got themselves in financial troubles, when they given into the temptations, rather than wait till they save up? They want it now, over extended themselves, trapping themselves in a cul-de-sec of ever mounting debt that they can't find a way out of it.

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Although I do understand some might not have much of choices when comes to debt, when they need go into debt just to buy their kids new backpacks or pair of shoes, however plenty others do have the choice of not going into debt to buy a new thousand dollar cell phones. It's just easier to blame credit than ourselves.

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If you read the articles provided by this site (which is here to teach how credit works) you would understand that a good credit score will open the door to lowerm= interest rates.   I learned a lot and have benefitted greatly, and I'm on a disability pension, getting the long running debts paid off because of the ability to do balance transfers.  Credit is a game that needs to be played carefully for the maximum benefit and learning how to play the game is such a delight!!!  

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