"Speaking from experience, if you make $1200 a month, there is a good chance you have bad credit, and therefore own everything, or almost everything out right so you have little to no debt."
That makes no sense. I suppose it's possible to have bad credit with little debt, but NO debt? The only way that would happen is if you just routinely paid bills late but always paid them. I'd venture to guess that most people with bad credit have sizable debt. They may own most things outright, but have debt from things like medical care, utilities, overdrawn and abandoned bank accounts, payday loans, student loans, etc.
My Kiddo :)
