Do You Have Bad Credit History?

For one to live-in free of debts in today's world seems rather incredible. By this, I'm not talking about the debts we owed to the family and friends for the money we borrowed in he case of emergency but the money lent to us by banks or other financial companies. Unless those are well-to-do or earning much, they need not apply for any loan when buying any properties. We need to be very careful when spending money but I know some people just can't resist to over spend and make themselves to the bad credit loans. On the other hand, to own a credit card today is very easy as most of the banks set a relatively low requirements. The good is that it makes life easy whereby people need not bring along with a lot of cash when purchasing. For those who misuse it or spending without control, there may be trouble holding those bad credit credit cards, I think their phone will be ringing day and night being asked for payment by the banks!