Member since: May 2008
Total Contributions: 2
I just bought a house at 23. Even after the mortgage (4.5% fixed 30 yr FHA renovation loan with 5% down) I have a score in the 750s. hint: don't carry balances and pump your available credit to minimize your utilization percentage.
Comment Reply posted 1 year ago
This is a product of artificial competitive advantage granted by the government. The taxpayer funded GMAC Bank, AKA Ally, AKA recipient of TARP funds is able to pay over market interest because of government dollars. Lame.
There was even an article in the last couple of months about other banks complaining about just this kind of unfair competition.
Comment posted 2 years ago
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