Good Sam Insurance Rip Off Washington State
The wife went on line to re-new our Insurance on our class A and pick up truck this morning. The web site gave her No Other Option than to pay in Full! We've had NG for 9 years now, never late on paym...
Forum Discussion
thestoloffs wrote:
If someone has retired, this can also affect one's credit score -- especially if one's replacement sources of income to repay outstanding CC debt are not readily apparent from published records.
NO NO NO. The amount of income has zero impact on your credit score. Its how you pay your bills on time for CC, loan payments, etc. Other factor is the credit to debt credit ratio that affects the score. This is where OPs problem comes into play I.e., three credit cards with a total limits of 50K. If the person owes 45K, then the score will tank as the credit to debt credit is very low compare to those who owe 5k out of 50K.
The income has absolutely no bearings or impacts on credit score! Don't believe me, google it or call one of the credit beaus. If you pull your credit report, it does not report incomes. There are millionaires out there with bed credit report. If they have millions of dollars, how can they have bad credit scores? Its because they do not count incomes, savings, 401k, etc. on credit report.
