Conche Tu Madre

Get ready to grasp your wallets and purses and head for the hills! Another blow to keep the working man down…

For all of those of you who don’t know, a company called, “Core Logic” is going to be coming out with a new credit scoring system.  In the distant past,  many of you were able to default on your credit cards, get your car repo’d, not pay child support, alimony… or stop paying back a PayDay Loan!  If any of that stuff that was not reported on your credit report in the past, it is now going to show up as part of your credit score with Core Logic.

This is NOT going to be cool for a lot of people.  As of now, after 7 years your bad credit falls off and you get a fresh start.  So if you didn’t pay some utility bill 10 years ago, it’s no big deal.   But with with the new Core Logic credit scoring system, that will haunt you forever.  This is going to bite you in the ass when it comes time to try to buy a house or car with a low interest rate.

As if it wasn’t hard enough to get a car loan or mortgage, now these people are really going to put another nail in the economic coffin making it even harder.  Pretty soon we will have to be a CASH SOCIETY and not have credit anymore.  In my opinion, I think we should boycott the banks and simply not use credit anymore.  Do it like people did 30-70 years ago.  PAY CASH for everything.  If you can’t afford it, DON’T BUY IT.  If you’ve had your eye on a new BMW M3 or Dodge Challenger 6.4L, then save up for 3 to 8 years until you can walk into the car dealership and write a check for the full amount.  All these years, the banks have been robbing us blind with their high interests and fees.  I think it’s payback time.  Let’s simply boycott their services altogether.  Lots of people did the right thing by jumping ship on Bank of America and Chase and going to Credit Unions.  Folks… KEEP IT UP!  Don’t stop now!

Hit those banks where it hurts… RIGHT IN THEIR OWN POCKET! They’ve been sticking it to us all along so I think it’s time to do the same strategy a union does.  We should have something like a CONSUMER UNION that all works together.  If we don’t get our way, then we simply stop buying any products or services from a company until they make us satisfied.

For starters, we should start boycotting all of those banks that are shafting people with 10 to 20% interest rates on new and used car loans.  If you walk into a car dealership and they want to shaft you with something like 13% interest on your loan, leave that dealership immediately and find another place to do business with.  So when you decide to buy a new car, try to have 3 to 6 different makes and models in mind.  I did this recently.  The good folks at Chrysler thought they were going to rob me with 13.5% interest.  I went to another company and got a 2.9% loan, including getting them to knock down the price of the model I got and up the amount on my trade by another $1500 to make the deal go through.

An idea would be to have some central web site that you always check before you go to buy anything.  If the company is on the naughty list, then you don’t buy from them until they’ve changed their ways.  Similar to what happened recently when Bank of America was going to start adding those fees for debit cards.  Then DROVES of people made a huge stink and closed their accounts and went to credit unions.  Since the banks will have these credit checks on us to see if they want to do business with us or not, we should do the same thing on them.  We should check the company out similar to the way the BBB is, but this is more of a check to see if the company is in a BLACKLIST STATE.  You’d look up the company and see either a red light or green light.  If you see a green light, then make your purchases as usual.  If it’s red, then you know to stay away and find another company to do business with.

Let’s DO IT!