Frequent Contributor
Roarmeister
Posts: 332
Registered: ‎04-21-2012
Re: Put the federal cliff in perspective

What kind of credit score would you give to this particular "family"?  Obviously they would score very poorly for their extreme credit limit and indebteness.  They are paying debts on time (for now) but what happens when the US hits the debt ceiling and stops paying their bills?  Current credit rating by S&P AA+.  Obviously there are limits to carrying this metaphor to all the details as a credit score does not have the same meaning as a credit rating.

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
____$25k_______$20k_______$20k_______$25k_______$25k____
Starting Score: 676 Feb 2008; Current Score: 790 EQ; 824 CA, Nov. 2014; TU 814, Oct. 2014; Goal Score: 800 by end of year Oldest Account reported by EQ: 12 years; EQ AAoA: 5.7 years; EQ Credit Utilization: 2.8%