- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is Credit Scoring Inherently Biased?
Posted on 6/23/20 at 6:57 pm to WMTigerFAN
Posted on 6/23/20 at 6:57 pm to WMTigerFAN
There are things that hurt your credit that shouldn't. Unforeseen circumstances like medical debt shouldn't destroy your score.
If it can HURT your score, it should also HELP your score if you pay it on time. For instance, a one year lease. You pay it all on time, your score should go up. You default? It goes down.
But if you borrow money, and dont pay it back, you deserve bad rates.
If it can HURT your score, it should also HELP your score if you pay it on time. For instance, a one year lease. You pay it all on time, your score should go up. You default? It goes down.
But if you borrow money, and dont pay it back, you deserve bad rates.
This post was edited on 6/23/20 at 6:59 pm
1
Posted on 6/23/20 at 6:59 pm to YumYum Sauce
quote:
There are things that hurt your credit that shouldn't.
Funny story: Discover card gives you your FICO rating in the bill each month. I've been consistently 850 for a long time now. Then I actually paid off the house, and they dropped the score to ~820... Apparently not having a mortgage anymore makes the score go down!
This post was edited on 6/23/20 at 7:04 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News