Today’s mortgage and financial institution mess has me more than a little bit irritated. Besides being absolutely terrible for those who have been caught up in it, the impact of the financial troubles are affecting people that shouldn’t be touched by it at all. It’s literally affecting everyone, some more directly than others.
Look out if you want to finance anything.
We’ve always played by the rules that were in play when we first started getting credit back in the early 1970s. We always paid our bills, we never fianced anything that we couldn’t afford — and we saved.
Our credit rating, except when we first tried to borrow, — and then we had no credit rating at all — has always been stellar. For the last 30 years, we’ve never had any problem at all getting financing for anything.
So it’s a little galling to get a phone call today from the RV dealership telling us that they are having problems getting money from the bank and that they need proof of income.
Good lord! We’ve already got the motor home sitting in our driveway. They’ve got our fifth wheel. The deal is supposed to be done!
We’ve never been late on anything! — well there was that time in the late 1970s when the electric bill from Bonneville Power fell behind the couch… it was for $55.
Our house is paid off. Our one credit card is paid off every month. Karen’s car will be paid off next month.
I guess the rules have changed and now we’re a credit risk.