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Roland99 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 11:37 AM Original message |
More Americans' credit scores sink to new lows |
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tridim (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 11:43 AM Response to Original message |
1. Credit scores are going to have to reset at some point. |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 11:54 AM Response to Reply #1 |
3. Unemployment bit me twice |
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kitfalbo (237 posts) Send PM | Profile | Ignore | Mon Jul-12-10 03:39 PM Response to Reply #1 |
20. well. |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 11:32 AM Response to Reply #1 |
44. FYI - PBS Frontline show on the history of FICO >>>>>>>>>>>> |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 11:48 AM Response to Original message |
2. I have no debt and no intention of taking any on |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 11:55 AM Response to Reply #2 |
4. Well, getting a mortgage would be more difficult otherwise. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:04 PM Response to Reply #4 |
5. It depends where you are in life |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 03:40 PM Response to Reply #4 |
21. Years ago.... |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 06:03 PM Response to Reply #21 |
23. Having good (high) lines of credit and low utilization is one key factor in keeping FICO scores up |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 05:18 AM Response to Reply #23 |
28. Handle credit cards ???????? |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 06:13 AM Response to Reply #28 |
29. That's what I was going to do... |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 06:37 AM Response to Reply #29 |
30. We are happy were we are now.... |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:40 AM Response to Reply #30 |
32. that certainly helps. |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 11:16 AM Response to Reply #32 |
35. With your estrogen heavy crowd..... |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 11:38 AM Response to Reply #35 |
36. omg |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 05:31 PM Response to Reply #36 |
38. Glad you took it.... |
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Iowa (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 05:02 PM Response to Reply #2 |
22. I agree. There's at least one area where they can still nail people like you and I... |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 09:40 PM Response to Reply #2 |
24. Congrats - that is my goal as well. |
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Arctic Dave (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:04 PM Response to Original message |
6. I guess if people had jobs that paid them MONEY, they would have better scores. |
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Hawaii Hiker (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:34 PM Response to Reply #6 |
13. That's true...People's wages are stagnant |
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Doremus (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:45 PM Response to Reply #13 |
15. Re: salaries .... Adjusted for inflation, today's average is $18/hr vs. $20/hr. in 1979. |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 10:17 PM Response to Reply #13 |
26. Right ... private paychecks and Social Security should be DOUBLE what they are . . .. |
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L0oniX (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:09 PM Response to Original message |
7. Heh ...I only use credit cards to auto pay for all my utility bills. |
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KansDem (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:18 PM Response to Original message |
8. I have a two-year-old "unpaid" medical bill that is now part of my credit score... |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:30 PM Response to Reply #8 |
11. Medical collections need to be handled differently. |
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KansDem (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:47 PM Response to Reply #11 |
16. Thanks! |
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Dr.Phool (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:24 PM Response to Original message |
9. Mine dropped a little because 2 banks I had credit cards with folded. |
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SoapBox (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:28 PM Response to Original message |
10. And, was it the Michigan SC that just said that insurance companies can base rates... |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:47 PM Response to Reply #10 |
17. Yup. So the scammers scratch the back fo other scammers.. |
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GreenTea (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:31 PM Response to Original message |
12. Keep Americans dumb & they'll vote republican-Look at the south-Republicans gut education |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 12:39 PM Response to Original message |
14. Interesting that the high scorers are growing at the same time. |
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d_r (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 01:17 PM Response to Original message |
18. insurance |
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border_town (191 posts) Send PM | Profile | Ignore | Mon Jul-12-10 02:25 PM Response to Original message |
19. In Canada |
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Sen. Walter Sobchak (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 09:08 PM Response to Reply #19 |
40. That comes as a big suprise to me |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 10:14 PM Response to Original message |
25. What if every unemployed person now took bankruptcy . . .??? |
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Lost4words (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 08:22 AM Response to Reply #25 |
31. You need to better understand the New Bankruptcy Law. |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 12:19 PM Response to Reply #31 |
37. That's criminal in itself . . . |
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bedazzled (584 posts) Send PM | Profile | Ignore | Wed Jul-14-10 08:29 AM Response to Reply #31 |
43. did you look into chapter 7 bankrupcy? sounds like you're talking chapter 13 |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Mon Jul-12-10 10:18 PM Response to Original message |
27. We also need Dem Congress to get busy on Credit Card interest rates . . .!!! |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:55 AM Response to Original message |
33. FICO is a black box operation designed to move people to ultra-high |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 11:00 AM Response to Reply #33 |
34. Most people don't think twice (or even once for that matter) about their credit and how it works. |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 05:35 PM Response to Original message |
39. There's a REAL easy way to have a low "credit score" |
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sofa king (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 11:18 PM Response to Original message |
41. Apparently I earned my sub-600 by doing nothing. |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 07:55 AM Response to Reply #41 |
42. There are many factors that would lead to a low score |
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