Nicely written. Welcome to the cash economy. I was one of those borrowers early in life dreaming of this perfect credit score so I could borrow more. I knew tough times were ahead; and decided it would not be wise to borrow ahead of my unemployment years ago. Could have borrowed six figures to weather the storm and recover, but decided it was risky. Anyway, your truth about 40 Trillion of debt and penalized citizens who donât join the game will stick with me for a bit.
I said that too.. here in Nova as much as I complain about .. there are many people who rent rooms.. and have basements or extra small houses (used to be mother in law house).. and still is to this day..
You can still make it work. Get a credit card and use it only for those things you can pay off at the end of each month. Look at it like the electric bill. You pay in full each and every month. Use it for groceries and donât spend that amount on anything else. Now you have a monthly grocery expenditure. Good luck!
You guys are all forgetting the point. People help people, full stop. WW there are more people than me that have more money than me, but if you need a place then I am in CO and I can make one corner of my house yours.
that's just it, isn't it: the greater one's debt, the easier it is to get a loan?! (well, of course, young Padawan, for it's the interest on your debts that they like so much).
Well Att has closed the hole. A prepaid phone Black Friday special $32. A friend recommended buy it put you sim card from your monthly plan. Easy peazy. Time to replace was an online att prepaid at $68. Activate the prepaid and you can only use with prepayment and you will have to pay your plan for 6 months before released. The same model can only be purchased for att plan use at the cheapest price of around $240 direct from the manufacturer.
Same phone, same carrier, 2 different payment systems, two huge unjustifiable phone prices.
This why consumer protection is needed and why it has been decimated. I'd don't relish searching for hours for a phone that meets my needs at a price I can afford while reading the half buried fine print to avoid I trapped you scenario.
Your work is the ultimate remote job. You can work from anywhere just as easily. What I fail to understand is why you insist on staying in a corrupt, collapsing state that is persecuting you. The world is open for you; you speak a language that is understood by a large percent of population anywhere; you have a good passport. The only barrier that holds you penned up in dystopia is your own mind, like a sheep that will not walk over the line where the fence was years ago.
A fricking risk, you say? Not up to braving the unknown? No greater risk moving abroad than moving to another seedy motel down the road. Just avoid the Five Eyes and the EU---you would be moving to the same kind of bankrupt surveillance dystopia. I will not make specific recommendations---you are more than capable of making your own evaluation.
Wolf, I shared your comments from your excellent article, and received back this letter from one of my friends. I thought I'd pass on her suggestions: (Sadly, we're no longer living in the past era...)
"I totally get your frustration with the credit scoring system. You are not wrong. You have saved thousands of dollars over the years in interest costs and are prudent and honorable in the handling of your resources. But being in the mortgage lending business for so many years, I recognized that if you didn't establish a record of repaying money that the bank had nothing to go on to demonstrate your reliability on a record. What I recommended for my clients was to get a credit card for a low amount that was secured by a savings account for the same amount. Then I had them set up a couple of automatic bills to be put on the credit card every month and then had them set up automatic payments to pay off the credit card before the payments were due. That way you never accidentally missed a payment and had a regular record of repayment. If you pay it off every month before the due date like that, they cannot charge you interest. So it is basically using your own money. Also, credit bureaus can use utility payment histories to verify your good payment history. You just have to request that they do that. Hope that is helpful."
I was in a similar situation 8 years ago with no credit history and a low credit score and being nixed on not being able to do certain things because of that. The fix was to obtain a high risk card with a ridiculous APR and start utilizing it for all purchases during the month, and to completely pay it off when it was due, the following month. After eight years, I have never paid one cent in interest and, my score now fluctuates between 780 and 800. Not bragging here, just merely reporting. It also makes online purchases more doable as well as alleviating concern carrying cash while in shady neighborhoods.
Back in the day, my grandparents paid cash for EVERYTHING! House, car, all utilities. They didn't even have a checking account. I dare say, they were happier than most.
Forget the run down motels and apartments. Have you thought about going on a perpetual cruise? You could still "work from home" as it is and get to see the world while you are at it and meet nice people at every port...
I admire in concept your staying true to your convictions. It is much more difficult to be out of the system while still in it. Get a far away from a city as possible to as small a town in as remote an area near others who are living as much outside the system as possible. Amish or Mennonite areas of PA and Ohio might be nice. The food is certainly clean and good for you. May be rent a room from one of them.
I hate the lizards running this country into the ground and I hate that you are living in a damn hotel where you have to pay top dollar. You will be in my prayers Wise Wolf đŠđș
I can now afford to restart my monthly subscription because last month I had to decide to stop paying 5 creditors so that I can actually survive. Love you đđđđ«đ»
I am in a very similar situation. I have no loans etc which ultimately gives you a credit score that doesnât meet landlordsâ requirements. So very crazy!!!
I love you dude. Usually the most tortured are the ones the world needs the most. Keep writing. I'm supposed to be working on my substack articles but instead I am GLUED to yours.
Nicely written. Welcome to the cash economy. I was one of those borrowers early in life dreaming of this perfect credit score so I could borrow more. I knew tough times were ahead; and decided it would not be wise to borrow ahead of my unemployment years ago. Could have borrowed six figures to weather the storm and recover, but decided it was risky. Anyway, your truth about 40 Trillion of debt and penalized citizens who donât join the game will stick with me for a bit.
If you haven't tried, look up For Rent By Owner. Those people are often understanding and happy to take cash.
I said that too.. here in Nova as much as I complain about .. there are many people who rent rooms.. and have basements or extra small houses (used to be mother in law house).. and still is to this day..
You can still make it work. Get a credit card and use it only for those things you can pay off at the end of each month. Look at it like the electric bill. You pay in full each and every month. Use it for groceries and donât spend that amount on anything else. Now you have a monthly grocery expenditure. Good luck!
You guys are all forgetting the point. People help people, full stop. WW there are more people than me that have more money than me, but if you need a place then I am in CO and I can make one corner of my house yours.
Michelle, You're a total SWEETHEART đđ»đŠđș
You would think being totally debt free would be a 1000 credit score!!!!! What a messed up world we live in@#$%^&!~!!
that's just it, isn't it: the greater one's debt, the easier it is to get a loan?! (well, of course, young Padawan, for it's the interest on your debts that they like so much).
Pre paid phone in a bargain compared to name brand. Prepaid $350 Viable was bought by Verizon in 2021. Service is same.
Well Att has closed the hole. A prepaid phone Black Friday special $32. A friend recommended buy it put you sim card from your monthly plan. Easy peazy. Time to replace was an online att prepaid at $68. Activate the prepaid and you can only use with prepayment and you will have to pay your plan for 6 months before released. The same model can only be purchased for att plan use at the cheapest price of around $240 direct from the manufacturer.
Same phone, same carrier, 2 different payment systems, two huge unjustifiable phone prices.
This why consumer protection is needed and why it has been decimated. I'd don't relish searching for hours for a phone that meets my needs at a price I can afford while reading the half buried fine print to avoid I trapped you scenario.
Your work is the ultimate remote job. You can work from anywhere just as easily. What I fail to understand is why you insist on staying in a corrupt, collapsing state that is persecuting you. The world is open for you; you speak a language that is understood by a large percent of population anywhere; you have a good passport. The only barrier that holds you penned up in dystopia is your own mind, like a sheep that will not walk over the line where the fence was years ago.
A fricking risk, you say? Not up to braving the unknown? No greater risk moving abroad than moving to another seedy motel down the road. Just avoid the Five Eyes and the EU---you would be moving to the same kind of bankrupt surveillance dystopia. I will not make specific recommendations---you are more than capable of making your own evaluation.
Wolf, I shared your comments from your excellent article, and received back this letter from one of my friends. I thought I'd pass on her suggestions: (Sadly, we're no longer living in the past era...)
"I totally get your frustration with the credit scoring system. You are not wrong. You have saved thousands of dollars over the years in interest costs and are prudent and honorable in the handling of your resources. But being in the mortgage lending business for so many years, I recognized that if you didn't establish a record of repaying money that the bank had nothing to go on to demonstrate your reliability on a record. What I recommended for my clients was to get a credit card for a low amount that was secured by a savings account for the same amount. Then I had them set up a couple of automatic bills to be put on the credit card every month and then had them set up automatic payments to pay off the credit card before the payments were due. That way you never accidentally missed a payment and had a regular record of repayment. If you pay it off every month before the due date like that, they cannot charge you interest. So it is basically using your own money. Also, credit bureaus can use utility payment histories to verify your good payment history. You just have to request that they do that. Hope that is helpful."
I was in a similar situation 8 years ago with no credit history and a low credit score and being nixed on not being able to do certain things because of that. The fix was to obtain a high risk card with a ridiculous APR and start utilizing it for all purchases during the month, and to completely pay it off when it was due, the following month. After eight years, I have never paid one cent in interest and, my score now fluctuates between 780 and 800. Not bragging here, just merely reporting. It also makes online purchases more doable as well as alleviating concern carrying cash while in shady neighborhoods.
I agree with you based on Matthew 18:19. Just ask your Father in Heaven. Be it unto you according to your faith.
Back in the day, my grandparents paid cash for EVERYTHING! House, car, all utilities. They didn't even have a checking account. I dare say, they were happier than most.
Forget the run down motels and apartments. Have you thought about going on a perpetual cruise? You could still "work from home" as it is and get to see the world while you are at it and meet nice people at every port...
think about what the cruise lines do to push the narrative.
I admire in concept your staying true to your convictions. It is much more difficult to be out of the system while still in it. Get a far away from a city as possible to as small a town in as remote an area near others who are living as much outside the system as possible. Amish or Mennonite areas of PA and Ohio might be nice. The food is certainly clean and good for you. May be rent a room from one of them.
This makes me sad
I hate this world
I hate the lizards running this country into the ground and I hate that you are living in a damn hotel where you have to pay top dollar. You will be in my prayers Wise Wolf đŠđș
I can now afford to restart my monthly subscription because last month I had to decide to stop paying 5 creditors so that I can actually survive. Love you đđđđ«đ»
I am in a very similar situation. I have no loans etc which ultimately gives you a credit score that doesnât meet landlordsâ requirements. So very crazy!!!
I love you dude. Usually the most tortured are the ones the world needs the most. Keep writing. I'm supposed to be working on my substack articles but instead I am GLUED to yours.