Just as soon as I understood how the magical elves calculate credit scores, they had to go change it up on me!
There's some good news and some bad news. No more adding a name to a credit card to boost the score of the person with crappier credit is the bad news. (Yes, this can be a good thing when done properly.) The good news is that one BIG BAD item, such as a repo or a default won't hurt you as much as long as everything else is in order.
Seriously, read more at Consumerism Commentary.
1 comment:
Wow! I know nothing about these things and this is really helpful. Thanks for putting this out there. I dig this blog.
Post a Comment