In UtenSilos Blog

My Bad Credit Was Ruining Me

May 26th, 2009

When I had started to make my credit card payments late I did no realize what the consequences would be in the long run.   I knew that they were going to charge me a penalty for the late payments but did not realize that the late payments would eventually harm my credit scores.  I must have done it one time too many because when I needed to borrow money the only avenue open to me was through bad credit loans.  When I suddenly woke up I realized that the combination of high interest rates and late payment penalties were going to keep me poor.

Entry Filed under: Miscellaneous