02-01-2010 11:22 AM
This may not be the best place to list this, BUT I THINK it is important for everyone of us to actually see the DEBT we as a nation are under. PLEASE do not take this as stating anything against either political party, as frankly, there is enough to go around.
When I see on here that as a nation we have 845 BILLION IN UNSECURED CREDIT CARD DEBT, it surprises me the system hasn't collapsed.
Consider this just a sobering look at things that have an impact on all of us, as the amount of money available certainly dictates the lending policies we endure.
((If you don't know what a specific item means, just place your "arrow" on the item and you will get an explanation.
02-01-2010 01:21 PM
02-01-2010 01:44 PM
DickC---thank you for posting.
A Financial Preparer informed me several years ago about how many people "qualified" for homes initially. They would borrow $$$ from their parents, let it sit in their savings accounts during the home loan process, then pay their parents back via credit card advances. It's not surprising that this has occurred. The projected number I heard last year was closer to 1 trillion, but it's all not good.
02-01-2010 03:59 PM
02-01-2010 04:01 PM
I just made a CC payment and I don't think it even made a dent!
That made me laugh!
WAIT!!!! I THOUGHT I SAW A FLICKER FOR JUST A SPLIT SECOND!!!
02-01-2010 04:05 PM
02-01-2010 05:23 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.