Strategic default and the FICO credit score
A dynamic three-digit number reflecting an individual’s ability to repay, credit scores are assigned by companies like Fair Issac and Company. They play a critical role in determining whether a borrower is eligible for a loan, the loan amount, as well as interest rates and repayment terms.
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In Which I Propose a Conservative Position on Debt & Bankruptcy
That the economy is horrible beyond the government’s “statistics” is not in doubt. And that too much debt is at the heart of our economic malaise also cannot be doubted. As I made the trek from left-wing Marxism to the vast right wing conspiracy, I started to believe that it might not be a bad idea if we had rather less credit overall and more | Read More »