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I guess, for some the opportunity costs you mention aren't the only variables in play. Sure you aren't investing fully in other areas because you are over-paying on your home but the question is, is this worth it to salvage your credit score? For some, the answer may well be "yes". Sometimes it is practical to pay, but I do think doing so because you feel "ethically bound" is silly. It's already hard to secure credit, try doing so with a home default on your record.
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AhimMoonchowsen · 4626 days ago · link ·
Sure, but it's a game we are FORCED to play. It could take a long time to get back in the "black" so to speak. If you have a business venture you are interested in etc, it could make things difficult.
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Maybe. I recently had a collection agency calling me like crazy for $140 I 'owed' AT&T. After a big headache I found that AT&T charged me for 4 months of DSL at an apartment I moved from and canceled at. I even moved service to my new address! I never knew until a collection agency started badgering me 1 year later. The agency person kept telling me that it would hurt my credit score, but could produce no bill, and had no reason to give why I owed AT&T.
Every time they mentioned my credit score I had to laugh. I told them I have a house, a car and a credit card. Why should I care about my credit score? No good answer. Anyway, fuck AT&T for putting me through the trouble of correcting their mistake. In a fair world I should be able to bill them for the hours I wasted on their account. AT&T should have a score that I can lower. Yeah, credit scores make me angry.
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AhimMoonchowsen · 4626 days ago · link ·
If you're looking for an argument to that post you're barking up the wrong tree. I couldn't agree more. My score was hurt by a 25$ co-pay to a doctors office I knew nothing of. I recently bought a house (put 20% down) and still got dinged at a slightly higher rate because of a 25$ bill I knew nothing of. A 25$ bill that potentially cost me thousands. -fuck them indeed!