Comments on: Fred Clark on FICO scores http://rc3.org/2008/07/21/fred-clark-on-fico-scores/ Strong opinions weakly held Fri, 10 Feb 2012 14:59:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rob http://rc3.org/2008/07/21/fred-clark-on-fico-scores/comment-page-1/#comment-2875 Rob Tue, 22 Jul 2008 03:17:05 +0000 http://rc3.org/?p=8297#comment-2875 <p>@bryan</p> <p>The linked article talks specifically about the difference between carrying a balance on the card and just paying the minimum.</p> @bryan

The linked article talks specifically about the difference between carrying a balance on the card and just paying the minimum.

]]> By: bryan http://rc3.org/2008/07/21/fred-clark-on-fico-scores/comment-page-1/#comment-2874 bryan Mon, 21 Jul 2008 15:50:41 +0000 http://rc3.org/?p=8297#comment-2874 <blockquote><p><em>you’re <strike>paying only the minimums</strike> <strong>carrying a balance</strong> on your credit cards, you need to change that.</em>-- rafe</p></blockquote> <p>...fixed it for you</p>

you’re paying only the minimums carrying a balance on your credit cards, you need to change that.– rafe

…fixed it for you

]]> By: keith l http://rc3.org/2008/07/21/fred-clark-on-fico-scores/comment-page-1/#comment-2873 keith l Mon, 21 Jul 2008 15:05:30 +0000 http://rc3.org/?p=8297#comment-2873 <p>It seems the credit card companies gave cards to people knowing full well they did not qualify. Like the mortgage companies, they sold the loans off as securities so they didn't care if people paid them back. They make their money through fees servicing the the loan. Here is the NY Times article.</p> <p>http://www.nytimes.com/2008/07/20/business/20debt.html?_r=1&oref=slogin</p> It seems the credit card companies gave cards to people knowing full well they did not qualify. Like the mortgage companies, they sold the loans off as securities so they didn’t care if people paid them back. They make their money through fees servicing the the loan. Here is the NY Times article.

http://www.nytimes.com/2008/07/20/business/20debt.html?_r=1&oref=slogin

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