I’m a fifty year old male, I owe nothing. I have never had a credit card in my life. I have never borrowed money from a financial institution. I am now screwed.
Went to the bank today with my daughter to open an account in her name, for her college fund. My daughter just turned eighteen this year and has not gotten around to getting her provincial ID yet. I have had an account at this credit union for close to eight years. It has a free chequeing account and tax free savings (latest thing).
Since my daughter has no provincial ID we decide to make it a joint account until she gets her ID. Even thou I have an account there they still need to do a credit check on me. Well low and behold, you’d think I was a terrorist or something. The look on the lady’s face when she could not find me in the credit history achives (or what ever they are called). I explained to her that I have never had a credit card or borrowed money. My daughter almost lost it, with the new look on her face.
The new laws do not allow banks or credit unions to open accounts without credit checks. So basically I’m screwed if I close my account. I will not be able to open another account. After an hour of bureaucratic BS then made the decision to put the account in her name and gave her sixty days to bring in the proper ID.
The world has come to an end when being debt free is a very bad thing. The world is falling apart because of debt and I’m treated like some kind of freak for not taking part in it’s demise. I’m not sure if I should laugh or cry. What a messed up world we live in!