I read an article today about “feeling imprisoned by credit score.” To be honest, I didn’t even read the article. Who cares! Reading articles about credit cards these days is about as annoying as reading celebrity gossip. And, ironically, the sentiment was reiterated by all the folks commenting on the article. To paraphrase the content, “stop paying the credit cards, close them, cancel them and tear them up!” Stop giving these thieving banks our money. Wow! King Louis, I do believe the peasants are beginning to revolt.
I had thought many times, that of all the purchases I have made on my credit cards, I must have paid for them three times over in interest rates. It is sickening to me, that majority of my bills is to credit card companies. I could very well live within my means, if these credit vultures played fair and square. Why should I have to give them anymore money? I have thought about stop paying my credit cards, but like the good little consumer drone that I am; I continue to pay.
One of the comments made was that if all stopped caring about FICO and our credit score, it would make FICO and credit scores irrelevant. YES! Halleluiah! The sky has opened up and the beams of light from heaven are radiating down on me. So many people struggle so hard to maintain a good score, and for what and for whom? A good credit score really doesn’t make you any better of a human being. You know really, FICO is propaganda and scare tactics. What if the mass population of America tore up their credit scores, stopped paying their credits and said, “We’re through! We’re done with the abuse! You have taken enough of our hard earned money.”
Seriously, fellow credit consumers, what would happen if we united and stopped paying our credit cards and debunked the credit score system? I’m not an economist by any means, but I do believe it would be a huge detriment since our economy is credit based. Personally, I would welcome this upset, because then it would mean we as a nation would have to become more realistic approach to an economic structure, by actually manufacturing and producing product, not just pushing “investments”. What is it we are really investing in – our nation, our kids, our future? Personally, I feel having an economy based on credit and the stock market is a bad idea. I’ll just leave it to all the brainiacs who ran our economy into the ground.