[Spirochete]

if there is a traffic ticket or a late payment on some other unrelated account, they jack up your interest to usurious rates.

The countermeasure is to not borrow money.

[clamper1797]

The countermeasure is to not borrow money

This also is absolutely NOT true. If you don't borrow money your credit score is lowered to the point of abysmal. My wife never had a credit card and always paid cash. When we ran her credit it was lower than if she had recently declared bankruptcy. the term my friend in the business used was ... ghost.

[XR7]

The countermeasure is to not borrow money.

Not all of us want to live in in a 1960's model mobile home on a paid-for lot outside of Fayetteville, Arkansas.