I remember my parents talking about buying items such as a fridge or a washing machine on the never never. We call that something else now. Monthly payments perhaps? Interesting it was called the never never back then in the 1950’s. Was it that re-payments lasted so long it never seemed they would end? Now there are monthly payment plans (on the never never): a mortgage, a cell phone contract, a bank loan, paying off credit card debt etc.
Being in debt, of any kind, is a huge stress factor. One of the major life stressors as I understand it. But imagine if one isn’t even credit worthy? Today I found out that I wasn’t. What a shock. Apparently one has to have been in debt and proved oneself able to pay it off to be able to be credit worthy. I couldn’t get my head around it this afternoon. Had I done something wrong? Was there something wrong or irresponsible in the way I’d been handling money? Well of course not but it took me some time to realize what the problem was and what the remedy is.
Stressful to be in debt and stressful not to be able to be in debt! Odd world.