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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (6129)10/18/2002 8:20:42 PM
From: TradeliteRead Replies (2) of 306849
 
The problem I have with having a bad FICO score is that it affects rates and terms for other things in life that don't even involve borrowing money. Insurance companies base rates on FICO scores these days. Employers doing background checks on potential employees also do credit checking.

And of course FICO scores are based not necessarily on what you owe, but on how much credit you have available.

That's why I was not happy to find out that two different credit card companies were making unsolicited, upwardly favorable changes in my credit limits without informing me BEFORE they did it.

As a consumer, I shouldn't have to fend these people off to protect myself, but that's what it has come to, apparently.
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