Posts tagged debt

Debt sucks

Working in banking, part of my job is to extend various credit products (i.e. loans, lines of credit, and credit cards) to my customers. I’m not against debt, but the problem I’m seeing with most people who come into my office for credit is that it’s for all the wrong reasons. These days, people have forgotten (or never learned) what it means to save for something whether it’s big or small, instead they just get a loan. The best part is that they come in fully expecting to get the loan; without a credit history, with a terrible credit history, with little, to no assets, or simply based on the fact that they’ve been a customer since they were a kid.

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