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Credit scores DECREASE for the first time in decade as more borrowers fall behind on payments
CNBC ^
| 03/06/2024
| Jessica Dickler
Posted on 03/06/2024 2:29:17 PM PST by 4Liberty
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1
posted on
03/06/2024 2:29:17 PM PST
by
4Liberty
To: 4Liberty
2
posted on
03/06/2024 2:31:17 PM PST
by
dforest
To: 4Liberty
FICO scores range between 300 and 850 If 850 was the highest, then mine and my wife's credit scores are like Obama saying he'd win 57 states.
3
posted on
03/06/2024 2:33:36 PM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: dforest
I’m hoping for a stoppage of trading tomorrow. Then the retard can tout his economy in the SotU address.
4
posted on
03/06/2024 2:34:25 PM PST
by
EEGator
To: Tell It Right
Depends on which credit score. Some have 900 as the maximum score.
5
posted on
03/06/2024 2:35:03 PM PST
by
NorthMountain
(... the right of the people to keep and bear arms shall not be infringed)
To: NorthMountain
Agreed. I can’t remember if the Bankcard 8 version is the one that goes up to 900, or if that was the one that topped at 850 and what I see is now Bankcard 9 The Last Jedi or Bankcard 11 of whatever.
6
posted on
03/06/2024 2:37:52 PM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: 4Liberty
Was just a matter of time. Younger Americans live for the now.
7
posted on
03/06/2024 2:39:47 PM PST
by
brownsfan
(It's going to take real, serious, hard times to wake the American public.)
To: 4Liberty
Good. Now I don’t look so bad. :-)
Bell Curve that beyotch!
8
posted on
03/06/2024 2:40:12 PM PST
by
monkeyshine
(live and let live is dead)
To: Tell It Right
Just checked ...
Bankcard 8 is 250-900.
VantageScore 4 is 300-850
FICO is also 300-850
I don’t feel like looking up any others ...
9
posted on
03/06/2024 2:41:45 PM PST
by
NorthMountain
(... the right of the people to keep and bear arms shall not be infringed)
To: 4Liberty
718 to 717 is a big deal?
10
posted on
03/06/2024 2:48:57 PM PST
by
Raycpa
To: 4Liberty
The national average credit score, which has steadily increased over the last decade, fell to 717 from a high of 718 in the beginning of 2023, One point, really? I have excellent credit. My CU and credit card companies post credit scores when I login. From month to month my credit scores may vary from 10 to 15 points and I pay in full all the time...
11
posted on
03/06/2024 2:49:07 PM PST
by
EVO X
( )
To: 4Liberty
I once managed a credit bureau. All my life my credit was as good as it gets...a catastrophic wildfire and a corrupt FEMA later, that’s destroyed too.
This government has taken everything me or my family will ever have.
When you speak up, it’s expensive!
12
posted on
03/06/2024 2:53:27 PM PST
by
AuntB
(Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
To: 4Liberty
I once managed a credit bureau. All my life my credit was as good as it gets...a catastrophic wildfire and a corrupt FEMA later, that’s destroyed too.
This government has taken everything me or my family will ever have.
When you speak up, it’s expensive!
13
posted on
03/06/2024 2:53:31 PM PST
by
AuntB
(Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
To: 4Liberty
Eff credit...Debt is slavery...Better to do without.
14
posted on
03/06/2024 2:53:58 PM PST
by
dragnet2
(Diversion and evasion are tools of deceit)
To: EVO X
Do you use credit cards? Your credit score will vary with the “statement balance” on them, even if you pay the full statement balance every month and incur no interest charges.
15
posted on
03/06/2024 2:55:44 PM PST
by
NorthMountain
(... the right of the people to keep and bear arms shall not be infringed)
To: 4Liberty
I’m at 795. should I borrow money?
16
posted on
03/06/2024 2:56:21 PM PST
by
Qwapisking
("IF the Second goes first the First goes second" L.Star )
To: EVO X
IF you let them make a few dollars in interest by not paying off the entire balance they will drastically raise your credit limit. you know why.
17
posted on
03/06/2024 2:59:51 PM PST
by
Qwapisking
("IF the Second goes first the First goes second" L.Star )
To: NorthMountain
Depends on which credit score. Some have 900 as the maximum score. All 3 of the major credit reporting agencies, Equifax, TransUnion, and Experian, use 850 as the max score. My Equifax score is 850, the other 2 a couple points lower. I have lots of credit, but I pay it off every month.
18
posted on
03/06/2024 3:11:24 PM PST
by
ETCM
(“There is no security, no safety, in the appeasement of evil.” — Ronald Reagan)
To: NorthMountain
Yes and I pay in full every month. Like I said, my score my vary from 10 to 15 points a month. It is not a bother to me, but suggesting overall credit scores just dropped by 1 point is laughable...
19
posted on
03/06/2024 3:11:37 PM PST
by
EVO X
( )
To: 4Liberty
I really have no idea what my credit score is. No plans at all to borrow anything.
20
posted on
03/06/2024 3:13:45 PM PST
by
glorgau
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