SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (68989)8/28/2006 7:04:51 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 110194
 
Apparently, the less debt you have the better your FICO score.

i dunno. i just checked, my score is only 787. i haven't had a mortgage since last century. no debt, no late payments, etc. i have a feeling i would have a higher score if i had more credit cards, or more recent big debt. damn, i haven't even bought a car this century--what a loser! also might help if i had a real job--being a slacker's always suspicious -g-.

i wouldn't be surprised if they bump your score if you are in certain professions.



To: orkrious who wrote (68989)8/28/2006 9:04:06 PM
From: Elroy Jetson  Respond to of 110194
 
Your comment is true only if you also have large amounts of available credit.

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

If you have no debt, but also very little credit available, then you will have a relatively low credit score.
.



To: orkrious who wrote (68989)8/28/2006 9:37:36 PM
From: Real Man  Respond to of 110194
 
My mistake. Actually, I ran it again, and it would increase
by 1 point, so a large mortgage debt makes almost no difference -ggg-

Credit card debt does, and so does credit card limit.