Are You A Credit Zombie?
by John G. Merna
Don’t Believe That Brain Eating Zombies Only Come Out On Halloween.
What value does our credit have to us? As I said in yesterday’s blog, the question we should be asking ourselves is “What value does our credit score have to us?”
“Can I get more credit?” … No. “Can I afford more credit?” … No. “Can I afford my current credit?” … No, not usually if you are talking to a bankruptcy attorney. “Can I get lower interest rates with my current credit?” Mmmmm. Nope. Ask yourself these questions. If your answer is “No” to any of these questions than you are a “Credit Zombie“.
Yes, a Credit Zombie. You are among the living dead, credit-wise anyway. Your credit life has been extinguished. You only have the illusion of credit life. And like a zombie you are not aware you are dead. You have a quenchless thirst for “good” credit, but like in zombie movies you can eat all the brains and flesh you want…it won’t bring you or your credit back to life.
The worst of it all is that society (read “the banks and credit”) and card companies want you to stay in your zombie coma and keep paying and paying as the last drop of life and cash are sucked out of you like your soul.
Zombies can be fun to watch on TV. I guarantee you it is not fun to be a credit zombie. Think about it.