Re: Whats the prime reason for your financial catasrophe?

Posted by Why Chat (12.78.13.49) on April 27, 2004 at 14:54:08:

In Reply to: Whats the prime reason for your financial catasrophe? posted by Old lurker on April 27, 2004 at 00:04:44:

I appreciate your comments, and understand your question, HOWEVER,after counseling MANY people ( I do not have any personal problems)the ONE basic reason for MOST people having credit problems boils down to a lack of forethought.

It doesn't make any difference if it is illness, or layoffs or car problems, if folks would NOT buy stuff they didn't need, NOT live a life style that is UP to the max on their income, and instead made sure they had enough savings and insurance and planning for the "rainy days" there would be far fewer "credit problems"

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