I have always been one that struggled financially. It wasn't that I didn't pay my bills, it was more of not having enough money coming in to pay the necessities. Being a single mom for the first nine years of Jeff's life was rough. I didn't get help from his father and was I was way to stubborn to get all the help I could have from the government. I know I was entitled to some things because I did work and contribute. Nonetheless, I would rather work my self ragged than apply for assistance.
My credit is ok. Could be a hell of a lot better but I did my best to pay everything. There are a few marks against me because I am not perfect. I even took out bad credit loans when I was about 23 years old. I wanted to get things straightened out while I was a struggling single mom. It actually helped a great deal back then. I never got myself into deep water again after paying the loan off. I have learned to charge only what I know I can afford. I am so picky when it comes to credit cards as well. I can't believe the interest rates on some of them. I now know that the better your credit is the lower the interest you pay. I kind of wish I knew that back then.
With the housing economy coming to a stand still and many mortgage companies declaring bankruptcy, there is no telling how many people are going to be defaulting on their mortgages and how many banks will be foreclosing on homes this year and next year. There are so many houses for sale in Sarasota alone. The amounts that are being asked for are mind bending. You would think now would be the time to snatch up homes but I am telling you that the bottom will not actually drop until next summer when these people realize they are not going to get what they are asking for. Think about what I said and watch for it to happen