Did you see in the news that the Playboy mansion is up for sale? The asking price is listed at $200 million. Often when I see homes up for sale with a price tag of $200 million I wonder what the mortgage payment on a home like that would be for a regular gal like me.
Since time memorial, man has been motivated by an easy buck and short skirts. The recent frenzy of mortgage lenders to repeat the mistakes of history may be upon us again, as some lenders are experiencing 'greed creep' all over again.
How much does a single late payment affect your credit scores? Of course, as with so many things related to credit scores, the answer is, "It depends." But the irony is, the better your credit, the more you may feel the sting.
Wishful thinking for a windfall to save you might be nice, but -- bottom line -- it's your daily habits that got you where you are now. If you want to get someplace better, you've got to begin by doing things differently.