tag:blogger.com,1999:blog-18675105.post4324282850802279174..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Stupid Question of the Daybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger74125tag:blogger.com,1999:blog-18675105.post-58433825569829519752008-08-25T23:07:00.000+01:002008-08-25T23:07:00.000+01:00Sorry, but you retards are all FOS (Full of Sh1t)....Sorry, but you retards are all FOS (Full of Sh1t). There is a new method of scoring and the scale now goes up to 990. Please go out and get jobs or research better while goofing off at your 30K jobs. Also, this leads me to believe that none of you have your coveted 820+ FICO. Yea, all of the most credit worthy people are here trolling on HP. Unreal . . . you are all full of yourselves like frank the d1ckwad from snottsdale. No mas respect for HP.<BR/><BR/>Go Ron Paul.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18813189372977651802008-08-25T20:43:00.000+01:002008-08-25T20:43:00.000+01:00Paul E. Math said... In practice, credit scoring h...<I>Paul E. Math said... <BR/>In practice, credit scoring has become a way of justifying exhorbitant rates of interest and fees for the most minor of credit mistakes. Credit scoring is one of the means of bondage for our modern form of slavery.</I><BR/><BR/>Hear! Hear!. <BR/><BR/>Say I’m a few days late on a payment, I take the hit; nay, gladly take a hit. I screwed up, missed the deadline, no excuses, I’m a looser. As they should, the credit agencies ding my credit. Fine.<BR/><BR/>Now say, one of the credit agencies screw up…..mistakenly report something on my credit report….Do they take a hit? Whom do I call and report this? Do I get credit for their mistake? To whom do I send the bill for damages?<BR/><BR/>Scam.<BR/><BR/>I have decent credit: 700+, but I don’t obsess about it. I have co-workers who watch their credit report almost weekly. When something comes up (and it always does) they are up in arms, on the phone yelling/screaming for about an hour. All told, with the high stress level plus phone time, they’ve shorted their lives by 4 hours. They’ll then brag about their 700+ credit score and how they are untouchable. Sheeple.<BR/><BR/>Scam.<BR/><BR/>The wife and I were in the market for a new car. We had a pretty good idea of what our credit score was (we ran the numbers by our bank). We found the car we loved. The dealer was running one of those low APR deals (for well qualified buyers) and we started the paperwork<BR/> About 30 minutes later the salesman comes out with a troubled look on your face and began to tell us “this looks pretty bad, there’s no way you are “well qualified”, you’re going to have to settle with a pretty high APR”<BR/><BR/>My wife and I looked at each other in shock, this was impossible, so we left the dealership embarrassed. We called our bank and they confirmed, we were impeccable. <BR/><BR/>We went to another dealer a few miles down the road, they ran our credit (again, impeccable) and we got the car and a very low APR. The first dealer was clearly trying to scam us.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38508779453259227112008-08-25T16:09:00.000+01:002008-08-25T16:09:00.000+01:00Back in the day when I used credit my score was in...Back in the day when I used credit my score was in the 850’s. About 2 years ago I decided to use only cash for all my purchases because I did not like being tracked electronically; I feel it is a violation of my privacy and a step in the wrong direction for society. It is in government’s interest to control my spending and track my movements. It takes us all one step closer to government slavery and complete dependence on incompetent and uncaring elitist kings.<BR/><BR/>Now I am truly credit worthy. I lived with parents while working and saved enough to buy a house for cash outright anywhere I would like. I use cash for all my purchases. I find that my spending is much more responsible when I use cash instead of debit/credit cards because I can see the money actually going out. I enjoy paying with exact change and getting through the line fast.<BR/><BR/>Recently I rechecked my credit and found that my score has gone down considerably due to the absence of credit history. Once again, society rewards the bad behavior of credit use, and punishes someone truly credit worthy.Devestmenthttps://www.blogger.com/profile/13704339847524381868noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34050614339936907242008-08-25T05:27:00.000+01:002008-08-25T05:27:00.000+01:00Wow. I did not mean to come off as aggressive. I...Wow. I did not mean to come off as aggressive. I was actually nervous that people would comment on the obvious -- that I'd screwed up my finances so badly that a representative of the federal government had to slap some sense into me, with my career hanging in balance at a time when I was drowning in debt. I probably sounded a bit snippy because the entire financial world has turned upside down, and my working my pleasant backside off for the past seven years has resulted in my having an 802 FICO while still renting a one bedroom apartment, while a FedEx delivery guy I know who bought a $600K condo in 2006 against my advice could very well end up keeping that condo, with me footing the bill. Regardless, please believe me that DIS reads peoples' FICO scores; many people I know assume they only read your bank records, which are objective, but they now use FICO scores as a discriminant, and the comments in this thread clearly show that no one knows for sure how FICO scores are calculated.<BR/><BR/>What had motivated me to post in the first place was what I keep having to explain to my non-engineering managers: don't confuse data with knowledge. There's a recent thread on the Straight Dope Message Board about penis length, and quite an uproar about the numbers that men are reporting. A little unexpected, but I think there can be an explanation that's consistent with people telling the truth. But that's because I always try to start off with the assumption that people are telling the truth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82125775332902019042008-08-25T05:13:00.000+01:002008-08-25T05:13:00.000+01:00Re: Stupid banks sticking their nose into your cre...Re: Stupid banks sticking their nose into your credit history.<BR/><BR/>A friend opened a checking account at Shittybank two years ago. He did not have any credit history at the time. Later on he got credit cards and started reviewing his credit reports. There was an inquiry from Shittybank on his report from two years ago. Why???<BR/><BR/>Why does your credit have to be checked when you open a bank account?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55405755878589753332008-08-24T23:37:00.000+01:002008-08-24T23:37:00.000+01:00Frank said:"This is dead wrong. The highest possib...Frank said:<BR/><BR/>"This is dead wrong. The highest possible credit score comes from maintaining a ZERO balance on credit cards."<BR/>Sorry buddy, you are an idiot. Do some research. As I said, I WORK in this field. Why your Amyway style business gives you any reason to comment is beyond me.<BR/><BR/>Anonymous said:<BR/><BR/>"I lease my vehicles, usually close to 0% and alawys get rates under 5%for credit cards and often 0% with 12 months to pay. My mortgage is fixed at 30 years 6.25%."<BR/>You do sound like a smart person but your comments typify how mainstream huge debt is now. Your leases for example, far from being 0%, have the interest cost built in to the price.<BR/><BR/>Anonymous said:<BR/><BR/>"A debit card is not the same because if it gets misused, you can't call and stop payment."<BR/>Of course you can. A fraudulent charge is a fraudulent charge. I did this as recently as last week.<BR/><BR/>Funny Story Time:<BR/><BR/>Bravo to you. If people stood up against idiocy in real life the world would definitely change. Keep up the good fight.<BR/><BR/>Anonymous said:<BR/><BR/>"I think people who are calling posters with high FICOs liars should consider the fact that people with high FICOs will be happy to tell people their scores, whereas people with very low FICOs either don't want to post or don't read this blog."<BR/><BR/>I think it's far more interesting that everyone posting their high FICO's are using the "anonymous" function to post. If you want to be taken seriously at least use a consistent name so people can see what your views are over time. The US is full of ballers with no proof of anything.<BR/><BR/>It is fascinating that this is the only post I have made that has received aggressive responses. That the post is on something that I spend my working day on is even more interesting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36318192759110095422008-08-24T18:41:00.000+01:002008-08-24T18:41:00.000+01:00banks have been stealing the purchace power of dep...banks have been stealing the purchace power of deposited dollars for so long do you have any wonder why people are complaining about the costs of bread and butter and fuel, yet money is still deposited there...........????????????????????/ government also...............Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88695207529770357582008-08-24T18:31:00.000+01:002008-08-24T18:31:00.000+01:00as a screwed bank share stockholder i am all for b...as a screwed bank share stockholder i am all for banks till they get 20 bucks printed up for every deposited dollar,.......all that competition bidding on goods takes much purchace power from my dollar deposited if it must bid for goods with 20 borrowed dollars, as such banks should fall as much as they have and take housing and businesses bought with that 20 dollars with them as this reeks of neo facism also.............we saettle for/ for a few housing profits or services at t6he bank??/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20818895439828065922008-08-24T17:49:00.000+01:002008-08-24T17:49:00.000+01:00Mine was 802 the last time I checked, which was tw...Mine was 802 the last time I checked, which was two months ago. I think people who are calling posters with high FICOs liars should consider the fact that people with high FICOs will be happy to tell people their scores, whereas people with very low FICOs either don't want to post or don't read this blog. This is not a bell curve; it's a self-selected population.<BR/><BR/>Here's a good reason to keep a high FICO: if you have a security clearance, the US government will absolutely examine your credit record. Didn't used to be that way, but in 2001 when I was drowning in debt (~$600/mo in interest charges alone), I had to sit down with a man from the Defense Investigative Service and, to my great shame, go through my credit records line by line. That was a very fortunate event, because I then spent four years eating ramen and climbing out of the hole I'd dug. I worked and continue to work my f**king ass off, and I'll happily shout my FICO score to anyone who asks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58471360647491068062008-08-24T16:52:00.000+01:002008-08-24T16:52:00.000+01:00I don't make much, but I rent my home, own my car,...I don't make much, but I rent my home, own my car, and pay off my only card in full each month. I checked FICO last month: a little over 800 average. The ppl 'in the field' who say you must maintain a balance for a high score are wrong...they are either actively deceptive, or stupid, and neither would be surprising.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37934496455633751112008-08-24T15:39:00.000+01:002008-08-24T15:39:00.000+01:00Lady di must be one of those Dave Ramsay robots wh...Lady di must be one of those Dave Ramsay robots who thinks a mortgage isn't debt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12356757604820028722008-08-24T15:38:00.000+01:002008-08-24T15:38:00.000+01:00Frank you're wrong. Keeping it at 0% actually pena...Frank you're wrong. Keeping it at 0% actually penalizes your score. Ideally you want a 5-10% balance which shows you use debt but your use it wisely. May not be the ideal situation for real world living, but for fico score maximization that's how you do it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46321454374255237322008-08-24T07:47:00.000+01:002008-08-24T07:47:00.000+01:00Anyone that cares about their credit knows that yo...<B>Anyone that cares about their credit knows that you MUST keep your credit cards at around one third of their available balance and not pay them off to keep your credit score high.</B><BR/><BR/>This is dead wrong. The highest possible credit score comes from maintaining a ZERO balance on credit cards.<BR/><BR/>DOPE!Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86298507735118118102008-08-24T07:39:00.000+01:002008-08-24T07:39:00.000+01:00You should always know your credit score -- not be...You should always know your credit score -- not because you want to use debt, but because it's an easy way to find out if someone is committing fraud in your name. <BR/><BR/>Your name can have a credit history even if you don't.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79543362214693800682008-08-24T07:26:00.000+01:002008-08-24T07:26:00.000+01:00Funny Story TimeBackground: I have lived for year...<B>Funny Story Time</B><BR/><BR/>Background: I have lived for years well within my means and this has allowed me to become debt free in my mid 40's. Assets owned outright are: modest country home fully furnished, two newer auto's, and a small business.<BR/><BR/>I have no credit cards, and only use a single debit card with a VISA logo on it that draws from my checking account. A few years ago I was worried about ID theft, so I had all three of my credit files frozen. HAVE NO IDEA WHAT CREDIT SCORE IS & DON'T CARE!<BR/><BR/><B>Now to the funny story...</B><BR/><BR/>A few months ago my local town bank was looking like it might be taken over by the FDIC at anytime. Due to the amount of CDs I had with them, not all of my funds were insured... so I was forced to open a new account with another local bank in town.<BR/><BR/>While sitting in the branch manager's office, I filled out paperwork to open the account. <BR/>I was wearing a t-shirt and a pair of very well worn jeans. I looked very much like just another blue collar working stiff - which is in fact what I am. That fact that I own the business, just means that I earn more and work much harder and longer.<BR/><BR/>The manager entered my info onto her computer and ran a credit check automatically on me without my consent. Due to my frozen credit records she was unable to pull a report on me and told me that there was a FRAUD ALERT ON MY CREDIT FILE and therefore she could not open a new savings account for me. I demanded to know what my credit file had to do with a savings account. She said that it was standard proceedure and they needed to know my score to determine what lines of credit I was qualified for.<BR/><BR/>I told her that she had it backwards... that her bank was the debtor with regards to my new savings account with them; and therefore it was their credit worthyness in question, not mine.<BR/><BR/>Her eyes glazed over as if she could not comprehend what I just explained to her. She then told me that I would have to contact transunion and get them to release my file before she could proceed an open a savings account for me.<BR/><BR/>I looked her square in the eyes and said, "your bank is full of itself and you are too inept for me to deal with."<BR/><BR/>I opened my wallet and removed a folded cashiers check for $83,760.31.00 [This check was the maturity amount of the CD at my main bank that I just cashed out.]<BR/><BR/>I unfolded the cashiers check and showed it to her and said, "Well I guess that my money will have to find a home that doesn't stick its nose where it doesn't belong."<BR/><BR/>The look on her face was to die for. Her jaw hit the table as her eyes popped out of her head as I exited her office in a cloud of fury!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30774495442433939242008-08-24T06:32:00.000+01:002008-08-24T06:32:00.000+01:00Lady Di,Try reading sweetie:"You CANNOT have a plu...Lady Di,<BR/>Try reading sweetie:<BR/>"You CANNOT have a plus 800 credit score with no debt"<BR/>Your response:<BR/>"except for a mortgage, have no debt"<BR/><BR/>If you don't see a mortgage as debt you have some issues.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33584620551472668502008-08-24T05:14:00.000+01:002008-08-24T05:14:00.000+01:00"A debit card is not the same because if it gets m..."<I>A debit card is not the same because if it gets misused, you can't call and stop payment.</I>"<BR/><BR/>it's much worse since if someone takes your cash, checks can bounce or you won't have enough to draft checks, etc... thus, I would never use a debit card.<BR/><BR/>however, I recently opened up 2 more checking accounts: 1 for online billpay and another for interbank transfers.<BR/><BR/>so, if you have a debit card, you should ask your bank for another checking account and then get a debit card which can only acccess that account and have overdraft protection turned off so folks can't indirectly access your savings account.<BR/><BR/>I started using multiple checking accounts since I didn't want paypal to have access to my primary accounts and I once overdrew my checking account with an ATM transaction since the withdrawn cash was supposed to be left there for an online billpay payment.<BR/><BR/>at this point, I just log onto my online account and then move money around based on needs and things have worked out perfectly!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12006126081583587432008-08-24T05:13:00.000+01:002008-08-24T05:13:00.000+01:00Gosh, Keith--I really hate to disagree with all of...Gosh, Keith--I really hate to disagree with all of the Dave Ramsey KoolAid drinkers and idol worshippers that think a credit score is not important, but they are WRONG. Many things depend on a credit score---employment options, housing rentals and insurance rates can all be impacted by a negative FICO score. Even hospitals are starting to use their own proprietary FICO scores to determine whether or not someone will be eligible for certain medical treatments! Under these circumstances it would be stupid not to know and maintain a good FICO score.<BR/><BR/>By the way, I own a debt-free business, pay my AMEX off before it is due every month and am a home owner, not a home debtor. My Experian FICO score is 786---I checked it two weeks ago today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78425413969800114912008-08-24T04:51:00.000+01:002008-08-24T04:51:00.000+01:00My credit score?Well let me put it this way a guy ...My credit score?<BR/><BR/>Well let me put it this way a guy named Bennie "the brick" is looking for me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72154196927070479322008-08-24T03:43:00.000+01:002008-08-24T03:43:00.000+01:00815+815+Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2230409359332822482008-08-24T03:37:00.000+01:002008-08-24T03:37:00.000+01:00Face it, you wanna buy stuff online or get a hotel...<I>Face it, you wanna buy stuff online or get a hotel room, you need a credit card.</I><BR/><BR/>Are you a shill or just plain stoopid? A debit card works just fine for online purchases. You DO NOT need a credit card to get a Paypal account either...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17126715011817601222008-08-24T03:20:00.000+01:002008-08-24T03:20:00.000+01:00I am not a number. I am a free Man.I am not a number. I am a free Man.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86084813272499048002008-08-24T03:16:00.000+01:002008-08-24T03:16:00.000+01:00Dont care, I aint buying nothing on credit for the...Dont care, I aint buying nothing on credit for the rest of my life.<BR/>I dont even roll payments month to month on the credit cards. Unless they give me 0 interest, in which case, I will do it till the date interest rates go up. In fact I have argued my balance transfer fees down to $20 on 10K in cases, transferred all the cards to it (again negotiated with them) and then paid it off at the due date. <BR/>Cool.<BR/>Cow_tipping.Cow_tippinghttps://www.blogger.com/profile/00096024651157768242noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68116600294176762432008-08-24T02:52:00.000+01:002008-08-24T02:52:00.000+01:00"So yes, a high credit score does speak loudly to ..."So yes, a high credit score does speak loudly to your character. It means you are a slave to debt."<BR/><BR/>I lease my vehicles, usually close to 0% and alawys get rates under 5%for credit cards and often 0% with 12 months to pay. My mortgage is fixed at 30 years 6.25%. I pay extra each month and have plenty of equity being in a stable area. It is not being a slave to debt to use credit wisely. My score is in the mid 700s. I am trying to get it closer to 800 before I sell my house and buy a new one in a few years.<BR/><BR/>In the real world you better care about your credit score. There has to be a way to judge worthiness. This is the system we are stuck with. Only a fool would not care about having access to cheap easy credit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50292758823091187482008-08-24T02:40:00.000+01:002008-08-24T02:40:00.000+01:00740740Anonymousnoreply@blogger.com