You've obviously never been sick (Score 1)

It is reasonable to assume that someone who isn't smart enough to manage his own money would mismanage company money. I never understood bad credit. Why would someone think he can spend more money he has and get away with it? If you can't afford something, don't buy it. Geeze.

You have obviously never been seriously ill and unable to work for 10 months. Health Insurance only covers medical bills, not anything else.

I had PERFECT CREDIT, and was VERY VERY frugal with my money, and my income was rising every year. I even had money in savings! Banks and credit cards were courting me for their business!

Then, they laid me off. Which was fine. I could handle that. My independent consulting was doing fine and since I was so frugal with my money (even had some money saved up), I knew that even with a part-time job and my independent consulting things would be fine.

Two months later, I started getting ill. I started fainting for no reason, then the coughing started and got worse and worse until at one point I had to be rushed to a doctor because I was coughing up blood. Needless to say, things continued to get worse and to make a long story short, I was unable to work (not just because the doctor said so, but because I physically couldn't do it!). All said and done, I was unable to work for most of the year, had to pay the COBRA health insurance coverage every month or else I would be stuck with the bill for the CAT scans and going to the doctors and hospital.

I burned up my savings. I had to borrow money or rely on gifts from family to just pay the rent and medical insurance. The County Health Department stepped in and provided my medicine for free since I was unable to afford it since I couldn't work. They even sent someone to my apartment everyday to check on me and make sure I was okay and bring me my medicine.

With that being the scenario, the creditors had to wait. They will be paid back, but I'm not going to be sick and homeless to do so.

Since I couldn't work that year, I only made a total of $5,000 the entire year!!!!! Explain to me how to pay all your bills when you went from having a good-paying full-time job, plus consulting on the side down to $5,000 in a year and being unable to work!

I'M SORRY I ALMOST DIED. I WON'T LET IT HAPPEN AGAIN!

Geez!

Now, years later, banks won't even talk to me and everybody who looks at my credit report assumes I am not responsible. Give me a break! I almost died!

Luckily I am a business person now, so I will just establish credit under my business's name, but if I couldn't do that, I'm just screwed as far as my credit rating goes.