I just stopped paying them. I’ll get around to the legal process eventually but in the meantime, I’ll be damned if I’m taking a single percentage point drop in QoL when I’m never gonna qualify for or need credit again. The BigLie that I would ever be able to afford the mortgage and housing price that is possible with those has been erradicated and consequently my interest in further sustaining it. I spent like 8 years getting nowhere and basically not affording food and thijgs I needed so a bank can have a rounding error increase in profit YoY so enough of that absolute bullshit. I have no idea where the hundreds of thousands in earnings went, damned if I know
Your lender may be able to offer you a lower interest rate, which can help slow down accruing interest charges, or increase your credit limit to help you get by.
yes because increasing my credit limit is going to help me pay off my existing debt so much easier.
It urks me if this is the go to for credit institutions to “help” the borrowers out, all that’s going to do is either cause more debt (i.e interest) or not change a thing. The debt hole is the entire problem, making it deeper just makes it worse.
I did that for a number of years. I never had a credit card because I never wanted to spend money if I didn’t know I had it. When it came time to buy a house, they told me they couldn’t give me a loan because I didn’t have credit history. I had to get a credit card in order to get a loan. You can’t take on debt unless you’ve had debt.
Meanwhile, in the Netherlands, if you don’t take on debt unnecessarily that’s seen as a good thing. No credit history is optimal.
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