Values and practices change over a period of time as man progresses. People who are punctual in bill payments, are debt free, instead of being appreciated are considered high-risk persons and the opposite is true. Today being loan free is no virtue whereas you should have regularly cleared loans, only then are you considered credit worthy. Lopsided parameters are used in judging future requirements especially when you are calculating insurance premiums. You are debt free, hence a liability; you have debts hence an asset. Need we have such Credit Reports with yawning credibility gap?
January 13, 2006
Fair is foul and foul is fair
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