CBS money watch - Credit Slashed for 33 Million (Mostly Innocent) Borrowers - GoFuckYourself.com

oceania · 08-31-2009, 06:34 AM

Some 33 million people, roughly one in five borrowers, had their credit limits slashed over the past six months?mostly without provocation, according to new research by Fair Isaac Co., the company that created FICO credit scores.

lovely isnt it. do the right thing and get kicked in the teeth
i mean really why pay on time every month
if your credit score is going to be the same as someone that declared bankruptcy or was late more than 60 days across the board consistently?

story here

Barefootsies · 08-31-2009, 06:39 AM

gleem · 08-31-2009, 06:53 AM

what's the difference? Don't use credit, if you need alot of personal credit, you shouldn't be using it.

Pleasurepays · 08-31-2009, 06:55 AM

why do people think credit is a right?

gleem · 08-31-2009, 08:26 AM

Quote:

Originally Posted by Pleasurepays

why do people think credit is a right?

because most people think everything that you can get should be rightfully theirs and if they can't get it themselves others or an arm of the government should get it for them.

When it comes to Credit, they don't seem to understand no one is giving away money without hoping to make money back on it, it's a for profit biz, not a charity (yet). So if the banks biz model calls for them to lend less and to only highly credit worthy people who the fuck should be telling em it's not fair.

Now the problem is when the gooberment steps in and buys up banks, then you got the government involved in making these decisions..

"hmm you are not in a political party we like MINUS 50 credit points for him!"

"You are running the blog that gave our policies a scathing review... house loan application denied!"

So you can see the problems we will be facing soon.

woj · 08-31-2009, 08:33 AM

Quote:

Originally Posted by Pleasurepays

why do people think credit is a right?

08-31-2009, 06:34 AM	#1
oceania Confirmed User Join Date: Nov 2003 Location: on the web Posts: 547	CBS money watch - Credit Slashed for 33 Million (Mostly Innocent) Borrowers Some 33 million people, roughly one in five borrowers, had their credit limits slashed over the past six months?mostly without provocation, according to new research by Fair Isaac Co., the company that created FICO credit scores. lovely isnt it. do the right thing and get kicked in the teeth i mean really why pay on time every month if your credit score is going to be the same as someone that declared bankruptcy or was late more than 60 days across the board consistently? story here __________________ Radio Dentata - 24/7 internet radio - Uncensored, sexy, informative. Covering B2B and B2C weekly shows. you can follow us on twitter: @radiodentata

08-31-2009, 06:39 AM	#2
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	__________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

08-31-2009, 06:53 AM	#3
gleem Confirmed User Industry Role: Join Date: Jun 2001 Location: Sunny Land Posts: 5,593	what's the difference? Don't use credit, if you need alot of personal credit, you shouldn't be using it. __________________ Contact me: \\// E: webmaster /at/ unprofessional.com

08-31-2009, 06:55 AM	#4
Pleasurepays BANNED - SUPPORTING TUBES Join Date: Aug 2002 Location: I live in a pile of boogers Posts: 11,913	why do people think credit is a right?