credit score: Thou Shalt Not Murder Thy Credit
- 10/22/09 01:10 AM
For the longest time, I thought the credit scoring model was 2 parts magic, one part fairy dust, and three parts pi times the square root of the sum of the numbers in your social security number. But now I know better; it's all magic. Black magic for a lot of folks these days. But there are some things we can do to lift the curse of sub-600 scores from our land. Stop killing your credit! IV - THOU SHALT NOT MURDER THY CREDIT THE SIN- Ignoring the factors that influence your credit score is like ignoring that pesky rash that … (0 comments)
credit score: Honor Thy FICO and Keep It 620
- 10/21/09 02:10 AM
Shazaam! Kaboom! OK, enough pseudo-expletives. It's time to revisit the Ten Commandments of Lending as I see them from the top of Mount Mortgage. Wow, it's apparent I've had too much coffee this morning. Let thee read on! II - HONOR THY FICO AND KEEP IT 620 THE SIN: I've pulled hundreds of credit reports and it seems like it's a case of the haves and the have nots these days. Either folks are near 800 with flawless credit, or they are closer to 550 with a report that's riddled with judgments, collections, and late payments. If you don't know what your … (2 comments)
For the longest time, I thought the credit scoring model was 2 parts magic, one part fairy dust, and three parts pi times the square root of the sum of the numbers in your social security number. But now I know better; it's all magic.
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