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I have a relative who has generally been in and out of debt. Occasionally, she convinces someone in the family to give her a cash infusion - enough to clear the
by vorpalhex 4y ago
I have a relative who has generally been in and out of debt. Occasionally, she convinces someone in the family to give her a cash infusion - enough to clear the debts.
She goes back into debt right after.
In her youth, she didn't make much. She has since become a skilled professional though and now makes a very good salary.
She is still in debt.
I have friends who make mind boggling amounts of money and also have amazing debt. As they have made more their debt has gotten worse, not better.
A credit score says whether or not you have paid back your debts. Making more money does not fix the broken behavior - it often times makes it worse.
- bobthepanda 4y agoAt the same time, being unable to rent an apartment in DC as a Congressperson effectively cuts out people who were, or are of, a certain income strata from ever serving as representatives and Senators. Is that actually desirable?
- vorpalhex 4y agoNo. They can commute from Maryland or Virginia like everyone else. Biden, when he was VP under Obama, commuted back and forth to Delaware on the weekends still.
- bobthepanda 4y agoThose states, and pretty much every state, also have apartments that run credit score checks.
- vorpalhex 4y agoYes, and you can still get housing with a bad credit score, you will just be getting less expensive housing.