Comments on: Renting out your creditworthiness http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: credit card business http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/comment-page-1/#comment-57250 credit card business Wed, 13 Jun 2007 10:44:10 +0000 http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/#comment-57250 I would never lend my good credit history to anyone even if they offer me a big sum. I think I would never make up for the loses if there are any. And you can be sure the person using your credit history is very likely to make debt. Such people are reluctant to change their spending habits. I would never lend my good credit history to anyone even if they offer me a big sum. I think I would never make up for the loses if there are any. And you can be sure the person using your credit history is very likely to make debt. Such people are reluctant to change their spending habits.

]]> By: hustler http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/comment-page-1/#comment-55920 hustler Thu, 07 Jun 2007 02:22:14 +0000 http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/#comment-55920 it looks like the credit industry is catching up with these shady practices. it looks like the credit industry is catching up with these shady practices.

]]> By: John http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/comment-page-1/#comment-55793 John Wed, 06 Jun 2007 04:23:25 +0000 http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/#comment-55793 Fair Isaac has reportedly closed this loophole according to an article in today's St. Paul Pioneer Press. Fair Isaac has reportedly closed this loophole according to an article in today’s St. Paul Pioneer Press.

]]> By: tarragona http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/comment-page-1/#comment-55783 tarragona Wed, 06 Jun 2007 02:55:27 +0000 http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/#comment-55783 I think FICO is useful. They should give attention on this so that it won't become useless. My friend from <a href="http://www.cadizspain.net" rel="nofollow">cadiz spain</a> give me this link about <a href="http://en.wikipedia.org/wiki/FICO" rel="nofollow">FICO</a>. And I think this information from wikipedia can also help a lot to others. I think FICO is useful. They should give attention on this so that it won’t become useless. My friend from cadiz spain give me this link about FICO. And I think this information from wikipedia can also help a lot to others.

]]> By: Chris http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/comment-page-1/#comment-55720 Chris Tue, 05 Jun 2007 14:43:48 +0000 http://www.mightybargainhunter.com/2007/06/04/renting-out-your-creditworthiness/#comment-55720 I find this a bit despicable. The article does say that the FICO scores are going to be revised to exclude authorized users. So thanks to impatient adults unwilling to wait to rebuild their own credit, they cheat and eliminate this convenient, safe way for parents to help their children build initial credit. And if this is allowed to continue, the FICO will no longer be a good indicator of real credit worthiness, so the entire system becomes useless. I find this a bit despicable. The article does say that the FICO scores are going to be revised to exclude authorized users. So thanks to impatient adults unwilling to wait to rebuild their own credit, they cheat and eliminate this convenient, safe way for parents to help their children build initial credit.

And if this is allowed to continue, the FICO will no longer be a good indicator of real credit worthiness, so the entire system becomes useless.

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