Hi everyone,
I've had an interesting experience over the last year, and wanted to share it with everyone.
About a year ago, I signed up to a credit monitoring site that provides a monthly credit report/scores. I'm buying a house soon and wanted to make sure that nothing negative appears on my report.
Well, over the last 10 months my credit score has remained the same at 798... Here is the interesting part:
- 8 months ago that was better than 93% of the populations
- 3 months ago that same score was better than 96% of the population, and
- Yesterday, that score was better than 99.56% of the US population.
It tells me that people with criedit (even those with good credit) are still in a bind, and that even though the economy MAY be seeing the bottom, there is a long way to go before people can borrow to maintain their lifestyle.
Personally, I'm OK with that.. I think that people have been living too long beyond their means, but it's still very interesting.
Let me know what you think.
John
I've had an interesting experience over the last year, and wanted to share it with everyone.
About a year ago, I signed up to a credit monitoring site that provides a monthly credit report/scores. I'm buying a house soon and wanted to make sure that nothing negative appears on my report.
Well, over the last 10 months my credit score has remained the same at 798... Here is the interesting part:
- 8 months ago that was better than 93% of the populations
- 3 months ago that same score was better than 96% of the population, and
- Yesterday, that score was better than 99.56% of the US population.
It tells me that people with criedit (even those with good credit) are still in a bind, and that even though the economy MAY be seeing the bottom, there is a long way to go before people can borrow to maintain their lifestyle.
Personally, I'm OK with that.. I think that people have been living too long beyond their means, but it's still very interesting.
Let me know what you think.
John