Dash man
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Credit scores are used to discriminate all the time. Condo associations want to be sure the owners can pay the quarterly fees and any special assessments that may be due. It's up to them to decide their standard just as a bank can offer different interest rates based on a credit score or a landlord can accept or reject a tenant based on an arbitrary credit score. In a condo association you agree to abide by the rules of the association, do the seller cannot sell unless the buyer meets the credit and background checks.I am curious to know exactly how a purchase could be denied based on a score that is generally considered "good", but not excellent. It seems discriminatory if no credit is involved and it's not like a landlord who is putting their asset at risk. I never had 800+ until very recently and I still got lots of offers and never paid more for loans or insurance. I believe FICO is overhyped.
Sent from my iPhone using Early Retirement Forum
Enjoying life!
Last edited: