In 1999, my wife and parents decided it was time for my wife and me to own a home. Anyway, they went house hunting one afternoon while I was at work, and, sure enough, found my wife s dream home. I called our contact and asked how she could justify that decision. But if we'd relied on our lender's judgment, we'd been stuck making a mortgage payment that took more than 50 percent of my take-home pay. Throw in those car, credit card and student loan payments, and I'd be doing a lot more today with bankruptcy than just writing about it.
Easy credit is the new crack.
And banks and finance companies are its dealers. Click here to subscribe to the e-mail update . Leave a public comment by clicking the button on the right side of the page, or send a private message to Robert here . Banks Blame Victims for their Bad Credit Amazing, just amazing. See, I walked away from mortgage because I knew I would not be able to make payments, but you, small people, do not know that.