Why should individual credit scores go down because of the mismanagement of the banking industry?

Credit and mortgage advice Forums Consumer Credit Improve Credit Why should individual credit scores go down because of the mismanagement of the banking industry?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 11 months ago.



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    Anonymous

    It is my understanding that the banks will lower the available credit to their customers including reducing available home equity lines of credit.
    Because of this even customers who had a perfect FICA score will see their scores go down. The reason I am told is that their income to debt ratios will increase . This happening even if they havent bought anything to warrant it.
    Something is really screwy here. So not only are we expected to bail out the banks..but our reward for this is a lower FICA score.
    THANKS ALOT BANKS.
    No wonder people could care less what happens to you.
    You are the ultimate personification of greed and contempt.



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