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Old 06-08-2008, 09:59 AM
 
104 posts, read 114,000 times
Reputation: 19

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No. 3: Atlanta, Ga.

Overall Rank: 98
GRADE = F

By Category:
Foreclosure: 6
Housing Costs: 13
Bankruptcy: 18
Credit Score: 26
Credit Debt: 52
Credit Usage: 42
For overall ranking, lower is better. No. 1 has the least personal debt. For the individual criteria, higher is better. So a city ranked No. 1 is the worst in that category. No. 100 is best.

What has happened to this great city over the years?
Rated near the highest for late bill payments and foreclosures.
Only Aurora,Co and Las Vegas were higher.
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Old 06-08-2008, 11:12 AM
 
Location: Atlanta
314 posts, read 1,185,298 times
Reputation: 122
wow, worse than Detroit!
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Old 06-08-2008, 11:20 AM
 
263 posts, read 1,054,236 times
Reputation: 84
America's debt is over $53 trillion.

Atlanta has a debt problem but other cities have problems with the high cost of living, earthquakes, bad weather, fires, floods,etc.

Id take the high debt verses those other issues in other cities anyday of the week
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Old 06-08-2008, 12:11 PM
 
Location: Atlanta
7 posts, read 38,567 times
Reputation: 11
I agree with you! I can rebuild my credit, I can't rebuild my own house once Mother Nature has her way with it.
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Old 06-08-2008, 12:28 PM
 
Location: St Simons Island, GA
23,115 posts, read 37,588,388 times
Reputation: 15598
Well, it is the retail capital of the South.
When you put a kid in a candy store...
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Old 06-08-2008, 05:27 PM
 
Location: Marietta, GA
7,862 posts, read 15,472,221 times
Reputation: 3583
How does a city get blamed for people making bad personal choices? What is a "debt trap"? While you can't help an unexpected issue with your job that leads to financial hardship, there are plenty of people who just plain made bad decisions and took out questionable loans on property they couldn't afford. Now that they can't pay the bank, is that the fault of a city?

Living within your means and reading before you sign are good habits to get into....anywhere.
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Old 06-08-2008, 06:48 PM
 
514 posts, read 1,478,394 times
Reputation: 214
Quote:
Originally Posted by neil0311 View Post
How does a city get blamed for people making bad personal choices? What is a "debt trap"? While you can't help an unexpected issue with your job that leads to financial hardship, there are plenty of people who just plain made bad decisions and took out questionable loans on property they couldn't afford. Now that they can't pay the bank, is that the fault of a city?

Living within your means and reading before you sign are good habits to get into....anywhere.
Major thumbs up.
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Old 06-08-2008, 07:13 PM
 
Location: St Simons Island, GA
23,115 posts, read 37,588,388 times
Reputation: 15598
Quote:
Originally Posted by neil0311 View Post
How does a city get blamed for people making bad personal choices? What is a "debt trap"? While you can't help an unexpected issue with your job that leads to financial hardship, there are plenty of people who just plain made bad decisions and took out questionable loans on property they couldn't afford. Now that they can't pay the bank, is that the fault of a city?

Living within your means and reading before you sign are good habits to get into....anywhere.
I so agree with you...nobody held a gun to anyone's head as far as I know.
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Old 06-08-2008, 09:34 PM
 
1,755 posts, read 5,184,895 times
Reputation: 551
Don't worry Franklin and the water peeps are raising property taxes and water even though we conserved.
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Old 06-08-2008, 09:42 PM
 
263 posts, read 1,054,236 times
Reputation: 84
Atlanta has a lot of haters. People make articles just to make Atlanta look bad. I even read an article a few months ago saying Atlanta was the worst city to sleep in at night??? WTH???
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