Comments on: Broke? Bad Credit? Yes, It Is Your Fault

By: If It Is To Be, It Is Up To Me | Amateur Asset Allocator

If It Is To Be, It Is Up To Me | Amateur Asset Allocator — Tue, 06 May 2008 12:09:36 +0000

[...] the outcome and plan better next time. This goes hand in hand with my rant on blaming others for being broke and having bad credit. Of course, sometimes things happen that are out of your hands. You can’t control [...]

By: Cathy Stucker

Cathy Stucker — Sun, 20 Apr 2008 20:43:51 +0000

As long as people do not have to face consequences for their bad choices, they keep making those bad choices. And being told that none of it is their fault just exacerbates the situation.

I have absolutely no sympathy for the people who spend themselves into massive debt. Buy a house you can afford (or do not buy a house at all). Buy a car you can afford without financing it for eight years. Do not buy TVs, computers and other gadgets unless and until you can pay for them.

It is simple, but apparently not easy.

By: Festival Of Frugality Favorites » Your Finish Rich Plan

Festival Of Frugality Favorites » Your Finish Rich Plan — Sat, 19 Apr 2008 00:20:12 +0000

[...] Broke? Bad Credit? Yes It Is Your Fault! at Amateur Asset Allocation. I don’t think I have a lot to say about that one. People dig themselves into debt, and then blame it on someone else. To be COMPLETELY honest, I wrote a post that outlines the tricks and traps used by the credit card industry to keep you in debt, but that doesn’t absolve you from the responsibility of getting in debt in the first place! [...]

By: Kyle

Kyle — Thu, 17 Apr 2008 15:19:31 +0000

Thanks! It reminds me of the congressional hearings last year about the subprime loan debacle. Several foreclosed-upon homeowners were testifying before congress about how they had been taken advantage of by these evil predatory lenders. Then somebody asked if they read the loan document before signing. Of course, most of the time the answer was no, but they STILL blamed it on the lenders. Makes me want to backhand somebody.

By: Little Miss Moneybags

Little Miss Moneybags — Thu, 17 Apr 2008 15:03:00 +0000

Found you through the Festival of Frugality–and I just want to cheer you on with this post! I do feel bad for people who are ripped off or who do not understand the contracts they are signing…but on the other hand, it is an individual’s responsibility to make sure that they understand the legal obligations they’re agreeing to, and never sign without reading! The lack of responsibility people take for their own lives is really frustrating.

By: Frugal Babe » Archive » Tax Day Festival Of Frugality

Frugal Babe » Archive » Tax Day Festival Of Frugality — Wed, 16 Apr 2008 18:47:19 +0000

[...] get so frustrated when people don’t take responsibility for their own financial situations, here’s a good rant from Amateur Asset [...]

By: deepali

deepali — Sun, 13 Apr 2008 18:17:13 +0000

Blue Hippo? What an absurd name. Do people really freak out about not having a laptop like their neighbors? This reminds me of those car commercials (bad credit? on credit? we’ll sell you a car and scalp you in the process!).

By: Sairah

Sairah — Fri, 04 Apr 2008 21:15:42 +0000

Wow, are you kidding? What dipshits! I hate credit cards in general- especially the interest rates on them!! I’m cancelling the two that I have as soon as they start having interest on them (right now their credit limits are exceptionally low, with 0 interest since I have no credit).

Excellent article, by the way, and good point. Shame on BlueHippo (wtf kinda name is that?!)

Also, tv commercials do this all the time- car commercials being the most notorious, based on personal observation. Ugh!