Why I Hate the Credit Score
Posted by Gail | Filed under Credit Wise, Debt Traps
If you’ve been following me for a while you know that I hate the credit scoring system. Originally designed as a marketing tool to tell credit-granters who their most profitable customers are, the credit score as evolved into a monster. And government agencies have let it. Giving a time-out to this one out-of-control, slightly schizophrenic brat would do wonders for the way people behave with their money.
Here’s what I mean.
I got a letter from Penny saying that she and her husband had just applied for a new mortgage and was surprised to find that her credit score was less than perfect. She wrote:
On a scale of 300 to 850, our score was 821, which is terrific, but not perfect. Since it isn’t perfect, our lender had to tell us the reason codes. Here’s what they said:
• Amount owed on revolving accounts is too high
• Too few accounts with recent payment history
• Proportion of balance to limit revolving accounts is too high
• Lack of recent non-mortgage installment loan information
Gail, we use one credit card that we pay off in full every month. We have a car loan, and our mortgage, but we don’t have any other debt. Why would having no debt count against our credit score?
Clearly, the first reason code doesn’t apply to Penny and her husband, so why that reason code showed up is beyond me. And since she doesn’t carry any debt, reason 3 seems odd too. But hey, this could just be the credit scoring system’s way of confusing everyone so they can just keep doing what they’re doing because everyone is too scared or confused to really pay attention.
As for reason two, “Too few accounts with recent payment history,” since the whole point of the credit score is to identify profitable clients, naturally the fact that Penny pays off her credit card in full every month and had only one card is a big no-no. How can a lender make any money on wise Penny? Ditto reason four.
The way to have a great credit score is to have access to lots of different forms of credit leaving yourself over-exposed to identity theft and fraud. You should also have nice high credit limits so you don’t ever get above the 50% mark with your spending, providing tons of opportunity to dig a huge debt hole. And you should make only make your minimum payment on your credit, so you pay interest.
These will all work to give you a great credit score. But they are completely counter to sound money management. Governments and other agencies can stop scratching their heads at what to do to help people understand how to create a stable financial picture and actually DO something, like abolish the credit score as a credit granting tool. It was never meant to be, and it works against sound financial behaviour. If we force lenders to do their jobs — assess each client’s ability to actually handle the credit they are being given — instead of relying on the credit score, how can that be bad for business?
Getting to debt-free, of course, is the best revenge. When you’re no longer borrowing money you can tell lenders and the stupid credit scoring system to take a long walk off a short pier. Until then, please, please don’t fall for the lures that would have you do the wrong thing to get a better score.
August 4, 2010 at 6:10 am
We are debt free and we really don’t care about the credit score. My score could be a big fat zero and I wouldn’t mind at all.
When I ever go to get a mortgage they will have to use the traditional method to qualify me. You know where they look at your income and expenses and the planned out family budget. We have been tracking every penny we spend for over 2 years, and t5hat better be good enough for the bank. I have no desire for them to use my credit score. (Even if the score was perfect)
regards,
Jason
August 4, 2010 at 7:29 am
With a score of 821, Penny can certainly tell the lender about the long walk.
Good for her and hubby.
Too bad the lender doesn’t see things in perspective!
August 4, 2010 at 7:30 am
Thanks for this article Gail. We pay for everything on our credit cards and then pay them off in full each month to get the points/rewards without paying interest. Some months the balance can be quite high but we budgeted and had money in our account to pay for it. Unfortunately, one of these months was when we were renegotiating our mortgage. After several frustrating calls with our bank, I took all of my credit card statements for the last 3 years and brought them into the bank and spoke to them in person. They could see that my credit “rating” didn’t reflect the actual situation. Another hindrance was the fact that we had access to a lot of credit because the credit card companies would up our credit limit because we were such “good” customers. Frustrating!!!
August 4, 2010 at 8:44 am
hi gail. i’m a long-time reader and i agree with all of the sentiments you have expressed in this post – but i’m a bit upset by the following sentence:
“Giving a time-out to this one out-of-control, slightly schizophrenic brat would do wonders for the way people behave with their money.”
my concern is with your use of the word ’slightly schizophrenic’ as a negative descriptor of the credit score. as a psychiatric survivor and mental health advocate, i’d like to ask that you choose your words a bit more carefully instead of using a long-misunderstood diagnosis to cast a negative light on the credit score. i know this is not an intentional offense – but it is a good example of how hard it is to change the perceptions of mental illnesses in the public eye. thanks for your understanding.
August 4, 2010 at 8:57 am
I decided to check my credit score last week and found it to be hovering around 750. Not a big deal, but I also got the exact same list as Penny as to the reason my score wasn’t “perfect”. Sounds like a pat response they give everyone. Yes, I have 2 credit cards I’m diligently paying off and never adding to, and I have 1 other credit card that is used for day to day purchases and paid off every 2 weeks. But the credit score made me feel like I was a louse and should consider declaring bankruptcy since I was ONLY at 750. I feel for the poor schmucks who have no debt but no credit either and probably have a score of 250!
August 4, 2010 at 9:04 am
@Julie Congrats on being a “psychiatric survivor and mental health advocate”. The negative descriptor for the credit rating is the word “brat” not slightly schizophrenic. Those words are used correctly as a description of the nature of the credit score, ie they want you to pay off, but they want you to carry a balance forever.
Mental health is the same as physical health, but in the same vein, if the word cancer was used to describe say “the overuse of credit by the population to the economic health of the United States” — this would be a correct use of the word. Not necessarily a negative one.
August 4, 2010 at 9:04 am
I agree with Julie about your choice of words….I’ve had to put up with alot of negative references to autism over the years and it hurts each and every time…we should all be careful with our choice of descriptors….
Jason, no worries, you will qualify just fine for your mortgage…you will have a positive net worth with money in the bank…the banks still like that!
As for Penny, the lender would be happy with her score…she shouldn’t give it a second thought…she is on the right track and doing very well
August 4, 2010 at 9:24 am
It is nutty the things that work against you…I remember years ago, when our financial picture wasn’t so rosy, my dad was co-signing a consolidation loan for us (thanks Dad!) The banker stated that he may not qualify because he had too much available credit (a line of credit mortgage that was 100% paid off, credit cards with crazy high limits he never came close to, etc.) He got angry at the banker asking, how do you think I got all that credit? By being responsible! It all worked out in the end, but it was an eye opening experience.
August 4, 2010 at 9:25 am
My card limits keep getting jacked up despite my best interventions. And I ended up with a credit card I didn’t want because the store I wanted to make a purchase from wouldn’t take any payment other than from the credit card it offered with its membership (or cash). Now, since I’ve learned to live within my means, and I won’t go into credit card debt ever again (sticking to the budget, and paying off the rewards credit cards as each and every bill comes in) I can live with it. But it also means I have way too much credit availability. Which will affect my credit score. So I have to face reality. The consumer is simply not meant to win at this game – the banks and credit card companies have stacked it against us. So my only recourse is to save until I have enough money to make the purchase. And if that means getting more years out of my car until I get a new one, so be it. I won’t give the banks any more money. I did that enough when I was young, silly and in debt.
August 4, 2010 at 9:42 am
@ Jason – you’re being naive if you seriously think the lender won’t look at your credit score. It’s the first place they’re going to look. It’s where I’d look if I was loaning someone $200,000. I want to know how they’ve paid others back, and when, and I’d want that documentation to be from a source that wasn’t the people asking me for the money.
August 4, 2010 at 9:46 am
I agree with Jason. I don’t care what my credit score is.
I don’t have any debt and don’t plan on borrowing any money. If you make sure you have the funds before making big purchases your credit score doesn’t matter. As for mortgages, as long as you can show you are financially responsible, have a sizable down payment, and are able to carry all the costs you shouldn’t have a problem.
It makes no sense to buy things on credit just to improve your credit score. Using credit is just handing money over to the bank unless it’s paid in full every month.
August 4, 2010 at 9:55 am
@MP
A few tips for you:
If you call your credit card company directly and request that no further increases be made to your limit unless requested, they can no longer jack up your credit without you knowing. You can even request it be lowered to X amount and stay there unless they hear from you.
My suggestion for the store card, call and have the limit lowered to the lowest it can be. Once it is paid off, wait a few months and then cancel it. If you haven’t had it as an active account for very long it won’t affect your credit score for very long. And well, after the subject of this post, who cares if it does!
August 4, 2010 at 10:59 am
Just to add to what Jessie said (and as an encouragement to MP), the credit card companies I deal with (I have two cards) periodically raise my credit limits, and I promptly call them and lower the limits to the level at which _I_ am comfortable. Since I pay the cards off every month (I like to use them to get reward points), this helps to keep the amount I’ll have to pay “capped” at a reasonable amount. Plus, I’m conscious about my spending.
You are not obliged to accept more (monetary) credit than you want!
August 4, 2010 at 11:15 am
Gail, I love your blog and your show, but I agree with Julie. The use of the word schizophrenic here is offensive to me as a close family member has struggled a lifetime with this disorder. Please reconsider!
August 4, 2010 at 11:39 am
I don’t happen to know what my credit score is and have not had a reason to look it up. On the other hand, I have a great relationship with my bank and banker who know what I do and how my income pattern is as I am self employed.
It also helps that I am fairly decent with money and have proven over the years I can pay back what I owe. The banks don’t make a lot of money off of me.
Even though I don’t know my number, I do believe it is prudent not to write off the concept or pretend that banks won’t look at it. That is the way the system currently is and if are looking to play in their arena, you ought to know their rules whether it makes sense or not, if you are looking to borrow.
Don’t want to play their game? Then pay cash for Everything.
August 4, 2010 at 11:45 am
Never need credit because you take good care of your money and budget? I know people who had to resort to credit when they got sick and the insurance took its time to pay. You never know!
Gail:
I am surprise that your rant does not include a complaint about insurance companies using the credit score to calculate your premiums!
If the financial companies want that number, it will be difficult to stop them.
I think that TWO numbers are needed.
1- The stupid one already in place to decide whether they can make money from you while meeting their financial obligations.
2- You budgetting worthiness. Income versus credit available. Income versus interest increase from revolving credit use. Income versus interest from non-revolving credit use (cars, mortgage…).
August 4, 2010 at 12:04 pm
I would love to know what my credit score is (out of curiosity) but the sites I’ve checked out, like Equifax, charge you for the information. I thought as a consumer you were entitled to this info??
August 4, 2010 at 12:05 pm
Having worked in the credit granting industry for 5 years with a boss who had 30 years of experience, I can confirm for Michelle that those are pat responses. We all used to talk about the highest and lowest scores we had ever seen and nobody had ever seen an 850 (names were never mentioned). My boss had seen an 840 once in 30 years! Although our company was in Canada our borrowers were mainly Americans and 650 was the most common score. On average, Americans scored way lower than Canadians. My boss explained to me that the pat answers were always cited so that the Lender had reasons (if he/she needed them) to turn down the borrower even if their credit score was high. By the way, our interest rate was 15% and Americans almost always took the credit. Canadians almost always paid in full.
August 4, 2010 at 12:18 pm
@ Julie and Samantha
re: “the use of the word schizophrenic here is offensive to me as a close family member has struggled a lifetime with this disorder”
How, exactly, is this uses offensive? Gail wrote: “…a time-out to this one out-of-control, slightly schizophrenic brat would…”
From the oxford medical dictionary: “Schizophrenia (pronounced /?sk?ts??fr?ni?/ or /?sk?ts??fri?ni?/) is a serious mental illness characterized by a disintegration of the process of thinking and of emotional responsiveness”
So Gail anthropomorphised ‘credit scores’ as an out of control brat with a disintegrated process of thinking. Not offensive. Unless you think she’s calling all people with schizophrenia as brats, but that’s clearly not what she wrote.
August 4, 2010 at 1:16 pm
My husband and I will both join in with ” We hate the credit score”! Don’t know what our scores are right now, and I don’t want to know because it is too frustrating. When we went to get our first mortgage, we found out that there was an error on my husband’s score. Many phone calls and letters later, the company that had made the error stated that it was ‘fixed’, which of course it never was. We were able to get our mortgage only after the dumb credit card company produced a letter stating that my husband had never used one of their credit cards and had never owed them money (he got a card in the mail, decided he’d use it as an emergency card, but when he called to activate it and found out that there were some hidden fees, he immediately cancelled the card and never thought about it again…until years later we were told that the card was not cancelled, and the credit score said he owed the company a $30 activation fee which was never paid). So we got a letter from the credit card company, got the mortgage, but could never get the credit score fixed!
We’ve also struggled with having too much credit available, even though we never use it, or if we do, we pay it off in full each month. When we moved to our current home, we found out that some banks seem to factor this in when assessing you for a mortgage, while others don’t (just check out the banks’ online mortgage estimate tools to find out). We went with a bank that didn’t care that I had a high credit card limit that gets paid off in full every month, and what does this bank do? Practically forces us to get a line of credit with our mortgage! We didn’t put up a huge fight about this, since we knew we would never use it, but now we ask ourselves, ‘really, why do we have this line of credit’?
August 4, 2010 at 2:11 pm
I don’t know what my score is and haven’t checked it in a while, as I only have one (closed) credit card that I am paying off, and my mortgage and car are paid off, so I don’t anticipate needing any credit any time soon. But I’m always careful to pay things on time and take good care of my finances, so if I do need credit some day, I can show a good track record. In a couple of years I may consider getting another credit card, once I’ve had a good solid period of time being responsible with my finances, so I don’t fall back into my old bad spending habits.
August 4, 2010 at 2:28 pm
@Geoff, Of course I’m not naive. I know they will check my score. But the score doesn’t tell the whole picture. It shows the banks how profitable a customer you are not how well you pay your bills. If it was all about bill paying it be called a Bill paying score and I’d have a perfect score.
Even using the “old-fashion” way of qualifying someone for a mortgage they are going to look at payment history and late payments. Why do I need to pander to a credit scoring system that isn’t even built in the consumers favour or built to represent the most responsible of consumers?
August 4, 2010 at 3:52 pm
@UrbanSolstice
You can get your credit score for free from Equifax, but you have to fax the request to them and wait for them to mail it to you (you can’t do the instant online thing unless you pay for it). By law they have to provide you with this info once per year if you request it. If you go on Equifax’s website, you’ll see a link for the fax request. Just print it off, fill it out and fax it.
August 4, 2010 at 4:53 pm
@UrbanSolstice- actually, they won’t give you your credit score for free- they will give you a free credit _report_ each year. The report will tell you everything on your credit history, but won’t actually give you the score. I think in the states they give your score to you once a year free.
August 4, 2010 at 7:02 pm
How they determine the credit score? Do they score you based on credit card balance, outstanding mortgages? I never understood how they came up with these number?
Anyone care to explain?
August 4, 2010 at 8:54 pm
@ Kat – I agree that the word ‘cancer’ is used negatively as well, and I will be careful to be more conscious of that in the future. However, I think we can also agree that schizophrenia does not have anywhere NEAR the public understanding and sympathy as does a diagnosis of cancer. People with mental illness are not treated the same as somebody with cancer, as a general rule. There is still a very negative perception of people with mental illness as violent and out-of-control, and that if people tried hard enough, they could just ’snap out of’ their very real illness. It is that negative perception that I am addressing – I felt that in this context, perhaps there could have been a better choice of words. Language matters.
@ Geoff – if that is indeed what Gail was intending when she posted – why not just use the word ‘disintegration’. It’s offensive because I find it offensive – I don’t have to justify why I find it offensive. If you had the history I have, you might understand a bit more what people with mental illness go through in our society. I’d be interested to know if you know anyone with schizophrenia, and how they might feel about their diagnosis being used in this casual and inappropriate way.
Gail – I love your show, read your blog every day, and think you are the smarted financial person ‘out there’ (although I know how much you hate the ’spurts’ – I think you are one!). I trust you will take my comments in the spirit in which they are intended. Thank you
August 4, 2010 at 8:55 pm
Lol – I just noticed my spelling typo in my last post! I meant to write ’smartest’ financial person, not ’smarted’. Just thought I’d clear that up.
August 4, 2010 at 10:15 pm
@Jason
Just to let you know, the bank can very well refuse you for having no credit. My cousin is an RCMP officer with 5 years on the job, has paid for everything in cash his whole life, never had a credit card. Put 25% down on his first house and his wife got the mortgage in her name as they would not loan him any money.
Then, he bought a new truck, paid 50% in cash and his wife had to co-sign the loan because the mortgage was in her name he still had no credit history.
Great job, no debt, no issues and NO LOAN. Credit history and scores matter.
August 4, 2010 at 10:51 pm
@Julie–Gail’s use of the word is within the published definitions. http://www.thefreedictionary.com/schizophrenic
She is not using it in the sense of someone with schizophrenia but “Of, relating to, or characterized by the coexistence of disparate or antagonistic elements”
The choice of words may not be what you would like her to use but someone could find you calling it offensive to be outside what they would like you to use.
August 4, 2010 at 11:40 pm
i really detest the credit score system so i stopped checking my number quite some time ago. i am opposed to using a meaningless number created by and for the financial institutions. that being said i know how important it is to have a “high credit score” versus a “low” or “poor credit score”. so on i go, paying my credit card debt & forcing that number up…just to satisfy some flipping need by my bank or whomever to check up on me.
unlike many of you, i do not have a flawless record. i am now steadily making my way, month by month, and i intend to be there soon. it just amazes me how frequently here in the states the credit score is used, to compute insurance premiums, prospective employers use it now as a hiring tool, on and on. so while i continue to resist the premise of credit score, i know that its utilization has seeped into every aspect of my life & that is something i just have to accept. *sigh*
as far as gail’s comment and usage of specific terminology…i understand far too well the negative repercussions of having been diagnosed in the past with a well-known mental illness. while it may be a part of who i am, i was not in the least offended or insulted by the blog. in fact, i found it to be a quite well-expressed thought. i agree, language matters. and each of our specific sensitivies matter. however, is gail truly responsible for your interpretation of that commentary? just a thought…
August 4, 2010 at 11:51 pm
We don’t know our credit score either. But given that we are debt free and mortgage free, we’re not too concerned about it.
When we applied for our mortgage, I don’t know if the credit score was an issue — I know the amount of available credit was an issue. (We have some higher limit credit cards that rarely get used…) I remember saying that we’d kill our LOC at the bank, but all of a sudden available credit became a non-issue…(which reminds me, we still need to kill that LOC).
If today, however, credit scores are an issue for loans, then unfortunately you have to play their game. You can’t go to a bank to dictate your terms for a loan….your choice is to find the institution who’s terms you can live with.
August 5, 2010 at 1:14 am
Shel, in the US you can get each of your reports once a year for free but you can’t get your score without paying. There growing momentum to change this. Any lender who pulls your credit score is supposed to provide you with a copy of the score (keep that in mind).
The last time I checked my score was before I got the mortgage on the house. I don’t worry about it as I don’t need any more credit cards than I have. The next time I check my score will be before I buy my next vehicle. I think you should be careful about your credit report but having a perfect score is not the end all. One of the big issues some people are having right now is they are job hunting and many companies out there are pulling credit reports on potential employee. I have decided to make credit work for me not the other way around. Since I never pay interest on my rewards credit card they pay me to use it.
August 5, 2010 at 2:27 am
Like it or not, the credit score has become an important number to many institutions.
Because I carry a lot of debt (good debt, mortgages on rental properties, positive cash flow on all of them) I treat my credit rating/score like it’s platinum.
KATHY: You CAN dictate terms (somewhat) to a bank or mortgage company. However, you can’t do it if your payment history or credit score is poor. By keeping my score up I was able to negotiate excellent rates on my mortgages as they came up for renewal. An excellent credit score has kept thousands of dollars in my wallet every year. This is our reality.
I use my credit cards as “cash” cards for rewards. Balances paid in full every month.
Even though I now pay “cash” for everything and have an emergency fund, (thank you Gail!) I felt more secure last year when I knew I could write a cheque on my credit card account @ 1% interest for 12 months. You see, I didn’t have any intention of using credit to pay for anything other than my mortgages but then life threw me a curve ball. I was diagnosed with Cancer. Had I not had a medical plan at work I would have had to come up with $30,000 just for shots to keep my immune system up during my chemo treatments. Day to day expenses used up my entire emergency fund. Fortunately, the chemo & radiation worked. I’m Cancer free. I was able to go back to work just in time to avoid cashing in RRSPs or going into debt. Had I needed credit the interest wouldn’t have choked me.
My suggestion/advice, for what it’s worth, is to protect your credit history. Check it every year. It’s also a good way to ensure there hasn’t been any identity theft. Build a decent credit rating. Have access to credit which you only use as a back up to emergency funds/savings/rrsps. You never know what life has in store for you.
Final suggestion – if you’ve organized your budget and have your bills covered, STOP! Finances and money are only one part of life. RELAX and enjoy yourself, your family and friends.
Sorry for being long winded – haven’t written in a while – guess I made up for lost time.
August 5, 2010 at 9:11 am
@ Julie (Not trying to get into a flame war with you, I’m not and I think most people on this blog know I’m not like that).. BUT when you wrote:
“It’s offensive because I find it offensive – I don’t have to justify why I find it offensive.”
That is your right, but you are also asking Gail to change her behaviour and writing, which I think is not right. That’s what leads Huck Finn to being banned in schools, David to be covered up and Equus to be banned. It’s Gail’s right to write that – within limits of course. Freedom of speech does not allow one to falsely yell fire in a crowded theatre, as a judge said once. I just wanted Gail and others to know that I didn’t find it offensive and I bet a lot of other people didn’t either.
PS Simply because I haven’t been diagnosed with a mental illness doesn’t mean I’m incapable of emphasizing with someone who has. I’m not black but I like to think I’m capable of understanding the massive impact racisim has had on their race, and I’m not a woman and I understand the unfairness of salary disparity.
August 5, 2010 at 9:59 am
I’m letting Geoff have the last word on the debate over my writing. Thank you to those who understood the use of the language. I’m sorry (empathy, not apology) that those of you who were offended were offended. Language is a funny thing, and we each interpret it in our own unique ways. As for mental illness, most of us have someone we love who is dealing with this challenge. With depression affecting more than 21 million Americans, 2 million Americans suffering from bipolar disorder and Schizophrenia claiming about 2.5 million victims, mental illness strikes close to home for many of us. Some of us have to go through hell just to appear “normal” in a world that is quick to judge.
August 5, 2010 at 10:04 am
OMG! Gail mentioned me by name. One of my life goal’s is now scratched off the list! Next year now I have to go to the picnic!
August 5, 2010 at 10:41 am
Julie:
Thank you for your comments. I honestly have not given much thought to such things, and I’m glad you said what you said. It opened my eyes. Thanks for sharing.
August 6, 2010 at 10:32 am
“Getting to debt-free, of course, is the best revenge.”
I wish that were true. Just switching from a pre-paid cell phone to a 3 year contract, Virgin Mobile did a credit check. My wife didn’t “pass”, so they need a $250 deposit and a spending cap.
Cell phones have nothing to do with debt, but I can understand the need to mitigate business risk when they’re subsidizing the phone. It helps to have good credit, but I think this is another case of using the credit score for something it was never designed for.
August 6, 2010 at 10:51 am
The HBC/Mastercard that I applied for when I bought a mattress (which, unfortunately, I never got, and took the card with it’s DO NOT PAY for…, and it’s extra 10% off for NO reason now, sigh) has a ridiculous $11 000 limit! When I applied while purchasing the mattress, I was told I was allowed $4000, but when I actually got the card, it says I have $11 000 in available credit, now for a card that I don’t even want!!! Ridiculous!
‘Funny’ story not long after we first got married, when I got my first ‘real’ job that required a car as it was out of town. When my husband went to apply for a loan through Scotiabank, where he’d already had a truck loan, which he paid off in only 2 years, they turned us down! In contrast, we went to the credit union associated with my work, never had business with them before, and they gave us a loan, no questions asked, and offered to waive payments when I was laid off — we didn’t, we paid it off in full to be rid of the extra burden — but if they actually used the credit score rating, why was there such an extreme difference between 2 financial institutions (one that we had a history with, and one that we didn’t)?
So if someone gets turned down by one institution, don’t get discouraged, try someplace else — and unfortunately, realize that being ‘loyal’ doesn’t count for much.
August 7, 2010 at 2:18 pm
To put things into perspective a score of 680 or better is what CMHC uses as their top tier for their lending guidelines.
This also happens to be what you needed to get the zero down mortgages. Anything above 680 is just bragging rights.
September 10, 2010 at 8:34 pm
As a young adult (recently out of college with a good paying job, no debt obligations and 1 credit card that I pay off each month), I get turned down for a small car loan – that I have the means to pay off within the year – from a bank that I have been a customer with since I was 5. When I got my first credit card from them in college, they saw that I was above average (I had a good paying job in college) and did not give me the college card but rather the platinum with 4 times the limit.
Now out of college and making even more money, all they looked at was my credit score and how much I paid in rent each month. They did not even ask how much I make each year or how big of a loan that I wanted!!! WTF??? How does my rent affect their decision if they do not know how much I am making??? Or, they do not look at the fact that I leave below my means!!!
Lucky for me, I can continue to play this game with the help of my parents but that is not the way it should be! It is time for a credit revolution!!!
November 22, 2010 at 7:47 am
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