http://www.fivecentnickel.com/2005/07/11/new-threats-to-your-credit-score/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 04:49:32 -0500 http://wordpress.org/?v=abc hourly 1 http://www.fivecentnickel.com/2005/07/11/new-threats-to-your-credit-score/comment-page-1/#comment-235 mbhunter Tue, 12 Jul 2005 02:48:31 +0000 http://www.fivecentnickel.com/2005/07/11/new-threats-to-your-credit-score/#comment-235 A debt is a debt ... a quarter to your co-worker when you're short at lunch is a debt, and it should be repaid just like your parking tickets or your mortgage. Intentional or not, forgetting to repay something that is owed indicates a higher risk of default, which is what the credit score measures. A debt is a debt … a quarter to your co-worker when you’re short at lunch is a debt, and it should be repaid just like your parking tickets or your mortgage. Intentional or not, forgetting to repay something that is owed indicates a higher risk of default, which is what the credit score measures.

]]> http://www.fivecentnickel.com/2005/07/11/new-threats-to-your-credit-score/comment-page-1/#comment-234 nickel Mon, 11 Jul 2005 18:41:01 +0000 http://www.fivecentnickel.com/2005/07/11/new-threats-to-your-credit-score/#comment-234 Good point. However, is honestly forgetting to pay a bill on time a reliable predictor of whether or not you will *default* on your debt obligations? That, after all, is what creditors are really afraid of. As you point out, they might actually enjoy being able to tag you for a bunch of extra late fees, etc. Good point. However, is honestly forgetting to pay a bill on time a reliable predictor of whether or not you will *default* on your debt obligations? That, after all, is what creditors are really afraid of. As you point out, they might actually enjoy being able to tag you for a bunch of extra late fees, etc.

]]> http://www.fivecentnickel.com/2005/07/11/new-threats-to-your-credit-score/comment-page-1/#comment-233 FMF Mon, 11 Jul 2005 18:37:09 +0000 http://www.fivecentnickel.com/2005/07/11/new-threats-to-your-credit-score/#comment-233 I would say that these things indicate that a person is not as responsible as the average person (after all, if you consistently forget to return your library books, can a company be certain that you'll remember to pay your bill?). On the other hand, credit card companies love absent-minded people because then they can charge extra late fees! ;-) I would say that these things indicate that a person is not as responsible as the average person (after all, if you consistently forget to return your library books, can a company be certain that you’ll remember to pay your bill?). On the other hand, credit card companies love absent-minded people because then they can charge extra late fees!

]]>