Friday, July 18, 2008

Dear Mr. Jedi..... What is credit?

First of all, my name is not Jedi, I am a Jedi (ie my way of being is Jedi like). If you are unfamiliar with this term please go to your local library and check out one of many of the "Star Wars" books. You'll find them between the "Lord of the Rings" trilogy and the instructions for D&D. Moving on......

The term "credit" in today's world is a one word description summing up your trustworthiness as it pertains to the repayment of a loan. Your "credit" is considered your past track record when it comes to your loans and financial records.

Did you pay your bills on time? Do you owe way more money than you are worth? Are bill collectors pounding on your door like the big bad wolf? If you think bankruptcy is just a term used to eliminate players in Monopoly, please leave this blog, there is no Jedi powerful enough to help you.

For a more official, less sarcastic definition of credit please click here.

No comments: