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Bad credit means the inability to pay ones debts -which is exactly the definition of poor. Many people with bad credit -such as my friend Bob -have undergone a medical crisis which has drained his financial resources and put him on the bad credit list.
No, being poor is not equivalent to having bad credit. But having bad credit usually means that one is poor.
As far as "being responsible with money" -would you let a sick child die because you can't afford the bill from the hospital?
The credit companies in this country have many people swallowing their propaganda cold. They make more money off of people with bad credit than people with good credit. It's not about "being responsible" -the credit industry wants you to have bad credit.
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