The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (25454)	1/28/2005 8:11:46 AM
From: KyrosL	Read Replies (1) of 110194

It all depends on how you define "credit quality". If you owe no money and have a bunch of dormant credit cards, your credit score may actually be lower than somebody with a hefty mortgage and a bunch of active credit cards who has not missed payments for a number of years. As for bankruptcies, there has been a growing tendency to negotiate a new schedule of payments with those that can't make mortgage payments (the main reason for bankruptcy), rather than force foreclosure. For example, convert the mortgage into interest only for a number of years, etc.

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