I believe for most things here a debit card will function the same as a CC for cell phones and the like, I'd suspect the same for most places but there are likely exceptions. It does pose challenges if you have no credit along the lines I mentioned previously. The difference with the cell phone is you can't talk to the real company or anyone with enough power to make it happen, face to face. The other thing I seem to recall on cell phones is that many also enroll you if you prepay, I think it's a year.
In the middle is the worst (bad credit score), if you close a CC, it'll go down as well. If you pay off and close EVERYTHING completely and have no specific bad issues like late payments or worse, it'll go to zero fairly quickly. Even with minor issues it should hit zero within a year or two as long as there are no bankruptcy's or foreclosure type of listings.
I hadn't heard that and since they are secretive with their formula's, it's hard to say. Wow, you really have changed over, did something happen in this arena that you'd share? I recall you stating you financed everything you could. I know there are those out there that believe they can play with OPM and skim off the top but I look at them like an addict, eventually most all hit the wall if they have personal risk. One of the reasons it works in business is you can structure it so that when it doesn't work you simply walk away and the business takes the hit.
No, many times financing doesn't show up (either good or bad) or sometimes only bad items show up. Historically Disney hasn't reported their financing and I doubt those that specialize in timeshare loans do either. I've read many reports of items not showing up and many of things showing up that shouldn't, either not the person in question or inaccurate. Even when you settle a debt with someone that's reported bad credit, they often don't report the resolution.
There are several as I understand it one is called Foundations in Personal Finance. I wish it had been available to my kids also.
That's great, I'm really encouraged and proud for you and your family. An additional question though, when you came to that realization did you think of the discussions we had on the subject? If you did think of them, did you kick yourself for having to then agree with me and/or simply wish you'd thought more about the principles involved?
Thanks for the feedback and follow up. This is about as big of a turn around as I can think of here on DIS. The other situation that comes close are the Kool-Aid drinkers that realized DVC was just a nice timeshare related to some of the issues including reallocation. It was quite amazing to see those who clearly felt Disney could do no wrong come to that realization and often go overboard the other way must like a jilted lover. For many I went from being somewhat anti DVC to a DVC apologist without changing my position one bit.
BestDadEver said:
