Bad Credit Loans Can Ruin Your Future

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Why is it when you go through a bad patch in your younger years you are still paying for it later in life?  I have learnt from my mistakes. I got into a huge amount of debt when I was younger and did not care if I didn’t pay it back, even if it was someone else’s money. But I have now grown as a person I have sorted out my life. I have a good job earning a very good wage and my girlfriend also has a good job only I am holding her back.

The problem is I still have a black mark against my credit history. This means that I cannot get a personal loan at a good interest rate but more importantly we cannot get a mortgage because of my past. My credit history will be black listed for a few more years to come which means our future plans need to put on hold.  I am lucky to have a very understanding girlfriend and we will just keep saving hard.

A word of advice to everyone is don’t make the same mistakes as me. Do not get a personal loan unless you are mature enough to take on the responsibility and only do this if you have enough money to pay it back.

Filed under Abstracts, Bad Credit Loans, Debt, General by on #

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