That actually makes sense because now she has debt potential that is untapped. If you want to amuse yourself further, have her obtain a few credit cards and use them to around 30% and watch that rating soar!
Credit ratings aren't meant to score how "good" you are, or how independent from debt you are, but are more related to how ensnared you are in the game. I had a credit score of 640 while I had outstanding debt of about $22,000.00 which represented 102% utilization of my cards (one of which allowed me to go past my limit before locking me down!). With my economy stalled, and needing more money to work on my house and just to live comfortably, I found the solution...
Upgrade.com! A loan solution designed to consolidate my debt! They gave me a $20,000 loan (At a userous 10% apr) that cost $1000 so I netted 19,000 to disperse to my hungry credit cards. I did that and further racked up debt as I took my wife out drinking and on trips to the beach along with actual household building materials and sundry tools. When we eventually talked to the loan officer my credit score had gone up to 760!
It is a shell game and we are going to win it here in a couple of weeks by selling our house (Contracts are signed, the people have accepted our counter offer to their repair addendum, just waiting for the appraisal) and paying off our debt! REALLY we are just going to have a higher house payment and no debt so that pea has slipped under a different cup.
Credit ratings aren't meant to score how "good" you are, or how independent from debt you are, but are more related to how ensnared you are in the game. I had a credit score of 640 while I had outstanding debt of about $22,000.00 which represented 102% utilization of my cards (one of which allowed me to go past my limit before locking me down!). With my economy stalled, and needing more money to work on my house and just to live comfortably, I found the solution...
Upgrade.com! A loan solution designed to consolidate my debt! They gave me a $20,000 loan (At a userous 10% apr) that cost $1000 so I netted 19,000 to disperse to my hungry credit cards. I did that and further racked up debt as I took my wife out drinking and on trips to the beach along with actual household building materials and sundry tools. When we eventually talked to the loan officer my credit score had gone up to 760!
It is a shell game and we are going to win it here in a couple of weeks by selling our house (Contracts are signed, the people have accepted our counter offer to their repair addendum, just waiting for the appraisal) and paying off our debt! REALLY we are just going to have a higher house payment and no debt so that pea has slipped under a different cup.
