|
"$cott" <ezmortgageloanz@aol.com> wrote in message
news:1145432026.203319.84670@u72g2000cwu.googlegroups.com...
>> It is odd that you are so poor and have such a good FICO score.
>
> Income and assets are not used to calculate credit scores, timely
> payments and low balances do.
>
I know that, but as a general rule, people with low incomes also have low
FICO scores. Obviously, this rule of thumb isn't set in stone. The idea is
that life costs money, and if one hasn't got the cash, they use credit.
Excessive credit drives scores down. Certainly, one can go through life
without using credit, or using credit well, and this is reflected in high
scores without regard to the income.
|
|
Re: Ping or Calling Jeff Strickland Please Help
