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Money and Finances
Reply to "Wow the lack of financial education in this country is staggering"
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[quote=Anonymous][quote=Anonymous]It’s at a point where I think it’s predatory how much credit most people are getting. Someone who makes under 50k should not have 5k or even 10k credit limit. They shouldn’t be able to finance a 50k car. Car loans are really out of control. [/quote] I have made under 20k for the last 10 years (mom of multiple kids, luckily I got a 50k job recently woo lmao). My credit limit for the only card I own has always been like 15k 😂 makes no sense to me. My apartment is 1,700 a month! Thank God my parent pays most of it, but that won't last forever. I took a 12k loan out for my car, guess who co signed that mistake? Lol. At least I pay that bill on my own. Luckily I'm frugal as heck, besides the rent issue. California [/quote]
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