Indeed, I don't understand how anyone can not see how not paying a creditor, or past debt owed, or not making timely payments when owed, is often viewed harshly in the "credit/lending/investment" environment IMO ?
It's common sense. Creditors don't like to get "stiffed" on debts or payments they are owed. Ask Citi or JP or any other major bank that just went through the lending crisis heard round the world- how they feel about "loans" or "credit" agreements they made that went bad, were not getting paid on time? Ask the U.S. govt. Federal Reserve bail-out team what they think/thought about it? It's probably the thing they dislike most in this world IMHO.
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