Debt is your worst enemy. There is no doubt about that. Crush it as fast as possible and try not to even carry it more than 3 months if you can.
Because the truth of the matter is when things get tough, you can find yourself unemployed without the ability to repay something that once was not much and this can then be placed on your credit report.
Once you have it on your credit report, you will not be able to get a job or a decent place to live. This is ALL facts!
Jan was denied over 4 jobs including one working for the government in a non-financial position out of fears of “corruption”. Jan didn’t understand why because if Jan were corrupt, Jan wouldn’t be in debt! However, people use credit collections as a criteria to deem whether you are a “good person” or not. It’s not fair, but that’s what they do and it leaves you forced to do cash jobs that barely cover your existence.
So learn from me AND Jan…. DON’T CARRY MORE DEBT THAN WHAT IS IN YOUR SAVINGS! IF YOU LOSE YOUR JOB, PAY OFF ALL YOUR DEBTS IMMEDIATELY AND BREAK YOUR APARTMENT LEASE!
Has this happened to you or someone you know? Chime in below.