03-26-2007 11:40 AM
03-26-2007 08:38 PM
03-27-2007 01:44 AM - edited 03-27-2007 01:45 AM
antredd67 wrote:Newworld you have been making some valid points, and I don't know your age, but anyone under 40 y/o can't afford to play with their fico scores especially if that means on being dinged, and dinged, and dinged for not PLAYING THIS FICO SCORE GAME BY THE RULES.Unfortunately, some of us lose a job, get divorced, get sick or what ever and that affects our credit rating when we can't pay our bills. But also, many people think that because they don't pay their bills on time, max out their credit cards, spend too much, yet living from pay check to pay check, on a 50,000 combined salary, gives them the right to do that, likes it's an American Right or something, and get mad when they find out that they have a low score as a result.Since you are on here like the rest of us, it is very obvious that you care about your credit rating. I am not bitter about my fico score, and I am not made at the way this credit scoring system is set up. We just got to remember the game rules, and since I will be well dead when the year AD 32, 023 arrives, I h ope and pray that my Great, Great, Great, Great, Great, Great, Great, Great, Great, Great, Great to the 3rd power child will be smart enough to have a credit score above 800 because he Great Grand daddy to the 3rd power passed the important message down.
03-27-2007 12:50 PM
twnkltoz wrote:And why do you think it is that so many homes have been foreclosed on in the last year?
03-27-2007 03:36 PM
03-27-2007 04:21 PM
twnkltoz wrote:Many people defaulted on their mortgages because they couldn't afford them. Their lenders approved them for way more than they could afford, and they couldn't make the payments. That's why lenders are raising the minimum scores for 100% financing. Credit history is important.
03-27-2007 06:03 PM
03-27-2007 06:10 PM - edited 03-27-2007 06:11 PM
03-27-2007 06:26 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.