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bobcatsat

Member since: March 2009

Total Contributions: 1

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Aren't FICO scores really an "I love debt" score? The more debt you have, the better your score. Think about it, a MILLIONAIRE who is debt free would have a ZERO credit score. He could not get a good apartment if the company checked his credit score, but could write a check and BUY THE WHOLE COMPLEX.

Just a thought....don't get too hooked on this stuff. Pay off your debts, live on less than you make and refuse to participate in all of the hype and fear generated in this economy.

Comment posted 2 years ago

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(1 Total Contributions)

Trends by Domain

+1

Aren't FICO scores really an "I love debt" score? The more debt you have, the better your score. Think about it, a MILLIONAIRE who is debt free would have a ZERO credit score. He could not get a good apartment if the company checked his credit score, but could write a check and BUY THE WHOLE COMPLEX.

Just a thought....don't get too hooked on this stuff. Pay off your debts, live on less than you make and refuse to participate in all of the hype and fear generated in this economy.

Comment posted 2 years ago

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