In “This is sh*t u need 2 know” news, the big homies over at FICO are back at it again, this time they’re finally explaining for the first time how late payments hurt their credit scores.
Oh for real EbenGregory…I bet some of the people that visit the site gonna skip right past this article huh man?
Yes.
And now…here’s Yahoo.com explaining the whole FICO scenario: Did you max out your credit card? Expect a credit score drop of 10 to 45 points. Declare bankruptcy? Your score will plummet by up to 240 points, and your odds of getting credit will nosedive with it. The “damage points” data, unveiled recently by FICO, are part of the most revealing glimpse into the firm’s once-secret — and still mysterious — credit scoring model. The new information discloses how many points borrowers’ scores will drop when they make the most-common mistakes.
And now…here’s FICO spokesman Craig Watts explaining why FICO finally spilled the beans: We hope this information will help people to better understand FICO scores and the value for them of avoiding credit missteps. It illustrates key points such as the higher your score, the farther it can fall if you stumble. Getting and maintaining a good score isn’t complicated. We all just need to pay our bills on time, keep credit card balances low and take on new debt sparingly.
And now…click here to read the rest of the story. And now…
This is EbenGregory.com…a place where you can read about things that are really important like maintaining your credit. Thank you and you’re welcome.
First…watch the video of George Soros talk about the new world order and the well thought out plot of the destruction of the American dollar. And then…
EbenGregory was like…here’s some background info on the video via Sandra Rose: For those of you who don’t know this man, his name is George Soros and he is a multibillionaire Globalist whose millions in political contributions financed Barack Obama’s campaign for president. He is Obama’s biggest benefactor. In this video, Soros basically tells America to stop resisting a New World Order and he’s hoping that China will lead the New World Order once the American economy is destroyed. In other words, he’s telling us we should not resist the destruction of our economy! Who needs Bin Laden when we have Soros? Did I mention that Soros’ millions helped put Obama in the White House?
“…an orderly decline of the dollar is desirableâ€
“It’s ill-considered on the part of the United States to resist…â€
“It is not necessarily in our interests to have the dollar as the sole world currency.â€
“A decline in the value of the dollar is necessary in order to compensate for the fact that the U.S. economy will remain rather weak…â€
“China will emerge as the motor replacing the U.S. consumer..â€
“China will be the engine driving (the New World Order) forward, and the U.S. will be actually a drag that’s being pulled along through a gradual decline in the value of the dollar.â€
And now…If government were a product, selling it would be illegal ice jewelry. Did you see it?
This is EbenGregory.com…home to sh*t u need 2 know.