Comments on CreditMattersBlog.com: The New ‘700 Club’

I agree with Tech. Need to get that score up or do...

2009-05-04T13:19:00.000-04:00

I agree with Tech. Need to get that score up or down -- but get rid of that 666. ;)

Yeah, if you have a 666 credit score, as far as le...

2009-05-04T13:18:00.000-04:00

Yeah, if you have a 666 credit score, as far as lenders are concerned, you do have the mark of the beast. :)

Anon, nice.

2009-05-03T12:41:00.001-04:00

Anon, nice.

Perhaps credit scoring is the mark of the BEAST!! ...

2009-05-03T12:41:00.000-04:00

Perhaps credit scoring is the mark of the BEAST!! 666, anyone?

You are your credit score http://tinyurl.com/dhfa...

2009-05-02T11:41:00.000-04:00

You are your credit score

http://tinyurl.com/dhfaam

"Especially now, with wary lenders tightening cred...

2009-05-02T01:40:00.000-04:00

"Especially now, with wary lenders tightening credit for most would-be borrowers, life is good for the credit-score elites"

I remember reading somewhere that what is changing is the cutoff fico scores for opening accounts. If a 670 fico was good 2 years ago, then a 710 fico is needed today. Which is in line with what the article said.

Stable banks want to keep good

I am about at 715-720 and just received rate hikes...

2009-05-01T22:45:00.000-04:00

I am about at 715-720 and just received rate hikes on all my cards as well as credit line cuts on the two cards I carry balances on...based on my recent conversations with Bank of America it really makes no difference whatsoever my credit score is/was/will be. I have been completely disabused of the importance of FICO credit scores when it comes to c-cards.

Not to push you to the other thread (Ok, I am), bu...

2009-05-01T22:38:00.000-04:00

Not to push you to the other thread (Ok, I am), but if we want to keep chatting about Suze, we should do it here.

http://www.creditmattersblog.com/2009/05/suze-orman-says-that-emergency-planning.html

I don't know much about Suze either. I wish I had ...

2009-05-01T22:35:00.000-04:00

I don't know much about Suze either. I wish I had time to watch her show, but I have other distractions to keep me busy.

Not sure. I really started paying attention to Orm...

2009-05-01T22:29:00.000-04:00

Not sure. I really started paying attention to Orman just recently. Don't know about much about her theories -- which is why you'll often see me asking my readers about her.

Anon @ May 1, 2009 9:28:00 PM EDT states that Suze...

2009-05-01T22:27:00.000-04:00

Anon @ May 1, 2009 9:28:00 PM EDT states that Suze's theory of stale debt destroys FICO scores. Well, I don't know. "Destroy" is a strong word in this case. Maybe it PREVENTS better FICO scores?

That could be it, V. Not sure, though. Just graspi...

2009-05-01T21:59:00.000-04:00

That could be it, V. Not sure, though. Just grasping for straws myself.

I wonder if Suze meant to PAY OFF the most recent ...

2009-05-01T21:54:00.000-04:00

I wonder if Suze meant to PAY OFF the most recent debt first. In other words, ZERO it out.

And let the stale (old) debt show a little history of paying, as long as it is done on time.

Could it be that?

PIFullers = a new term? ;-)

2009-05-01T21:46:00.000-04:00

PIFullers = a new term?

;-)

Well, any debt with the PIFullers is stale, so the...

2009-05-01T21:44:00.001-04:00

Well, any debt with the PIFullers is stale, so they pay it off right away anyway.

I imagine her theory has to do with balances that ...

2009-05-01T21:44:00.000-04:00

I imagine her theory has to do with balances that are carried for a period of time, V. I doubt her theory has anything to do with those who pay in full.

How would the PIFullers tell which debt is stale?

2009-05-01T21:43:00.000-04:00

How would the PIFullers tell which debt is stale?

Interesting. Never heard of that theory. Do any of...

2009-05-01T21:29:00.001-04:00

Interesting. Never heard of that theory. Do any of my readers know how this works?

If I'm not wrong, Suze has a theory that what she ...

2009-05-01T21:28:00.000-04:00

If I'm not wrong, Suze has a theory that what she calls "stale debt" destroys your FICO score.

No, but I know what part of her body she's talking...

2009-05-01T18:13:00.000-04:00

No, but I know what part of her body she's talking from.

Does anyone know what Suze Orman is talking about ...

2009-05-01T17:54:00.000-04:00

Does anyone know what Suze Orman is talking about here? This is a post from her Twitter account:

"YES YES YES always pay your most recent debt first -- if you want your FICO score to go up - I know does not make sense - but true"

http://twitter.com/SuzeOrmanShow/status/1664966864

Not only would I expect you to get a commission if...

2009-05-01T17:37:00.000-04:00

Not only would I expect you to get a commission if I used one of the MyFico links. I'd specifically use the link so you DO get the commission.

I drive a lowly CPR (Certified Previously Rental) ...

2009-05-01T17:03:00.000-04:00

I drive a lowly CPR (Certified Previously Rental) from 2003, and my last FICO score was 792 as of Jan. 2009.

Here's what I am thinking. Use credit sparingly,...

2009-05-01T16:04:00.000-04:00

Here's what I am thinking.

Use credit sparingly, don't carry balances, and don't miss payments. And do this for a good period of time. My guess is that scores are generally high for those who do this. Not a whole lot of need to check FICO scores.

agree with you anon. Have a current 830 FICO, use...

2009-05-01T16:02:00.000-04:00

agree with you anon. Have a current 830 FICO, use credit only occasionally, currently building house out of pocket, and my truck is 10 years old as well. Credit is necessary evil, but sounds like you have if figured out.