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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (68987)8/28/2006 6:06:46 PM
From: orkrious  Read Replies (3) | Respond to of 110194
 
Guess what? If you have no big debt, such as a mortgage, a
car loan, etc., your
credit score is actually lower.


Not true. The last time I checked my FICO score was 1/20/03. It was 805. I paid MyFICO $12.95 for the privilege of finding out what it was.

I paid off my mortgage last April.

I just paid MyFICO $15.95 (so much for no inflation) for my Experian FICO score. It is 833.

I have no debt, no mortgage, I pay cash for my cars, I pay off my credit cards every month, and I don't owe anyone a cent.

Apparently, the less debt you have the better your FICO score.