Quote:
Originally Posted by Torture
Totally, I was just having a conversation with a friend who I thought was pretty well off and had a pretty "rich" upbringing. Good job, house, nice car, nice vacations, etc.
They were saying that they're not in debt aside from their mortgage...oh and their 8% line of credit that they rolled the credit cards into.....oh and the car payments.  |
Some people only consider bills they can't afford as debt... and a consumer proposal don't effect their credit rating. Oh and just lie and say you never declared bankruptcy, because there are no ways of finding this information out. 6 years in the car business and I can't believe how financially incompetent and illiterate so many are. Many others are just entitled and can't understand why they can't borrow $70K for a diesel truck because they are upside down $40k in their current vehicle they need a diesel truck!
Best was people who would got and finance a new R/V then come in to buy a truck to pull it, "sorry folks bank says no". This happened about once a month during the summer.