Quote:
Originally Posted by vash
is the seven year credit "time out" painful to endure?
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Depends on who you are. My credit is brutally bad. I haven't had (or wanted, or tried to have) a credit card or loan in 10 years, easily. No need. I have yet to find a case where my credit score, or any "bad things" on my credit report have prevented me from living my life just fine. I haven't tried to buy a house yet, but I'll have 10-15% down on an affordable home when I do, so I don't see any issues there.
If someone was a credit maven, and lived via credit, then yes, the time out would be painful.