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The only ones that should be reporting anything to the credit bureaus should be from your 'Not too shabby' list. But then again when it came time to increase the profits of the credit bureaus the credit bureau salesmen went knocking on every door in the country didn't they.
I really fail to understand why the government must insist on reporting to the bureaus for collections. It's just another tool for them to get thier share of the cash that they feel entitiled to.
Originally posted by CookieMonster09
Did you miss the part where I stated that most people are morons? Basic finance is not taught in the public school system. You would think if TPTB wanted to create consumers they would at least teach people in the public school system to pay thier bills and live within thier means, etc. Obviously good citizenship, basic morals, creative thinking and questioning the world around you is not taught using public tax money either. Or even in the private educational system anymore.
Just because the educational system doesn't teach financial literacy skills, doesn't mean the information and education isn't readily available if people want to learn.
I mean - Just turn on the TV or listen to the radio. Dave Ramsey is on the radio EVERY DAY. Suze Ormon is on TV all the time. Our bookstores and libraries and Amazon.com have tons and tons of books on personal finance, debt management, etc.
The information is there for the taking. And you don't have to look far. If people are morons about personal finance, then they need to wake up. Maybe when they stiff a creditor, it will be their wake up call.
The good thing about this credit crisis is that it has woken up a lot of people to realize how stupid they have behaved in the past.
[edit on 9-7-2009 by CookieMonster09]