Who else is sick of your being judged by your credit score?

Deal Score0

The Housing market is in a mess with all the foreclosures now, and since all of this has happened numerous mortgage companies have had to fill bankruptcy! Now, no one with less than a perfect credit score, and no, not even a cent in outstanding debts can be approved for a loan, unless it is one of those super high interest loans that has caused all the problems in the first place! We just lost our pre approved loan because of all the new changes and because we owe a small amount of medical bills. Who ever came up with this stupid thing called a credit score took away all the fairness in everything!!! No, I don’t believe people should not pay their bills, but sometimes you have situations in your life beyond your control(like medical). We should all have the right to own a home, the American dream. As long as we make the payments it should be our right! Not be judged by a score only without looking at the situations! What are your opinions on this subject?

  1. Reply
    Anonymous 218
    May 1, 2011 at 7:35 am

    my credit score is just perfect for a 15 year old actually, so i am not judged by it at all

  2. Reply
    May 1, 2011 at 8:28 am

    My opinion is that free credit score site ruined peoples live. You can view them, but what can you do with it…

  3. Reply
    May 1, 2011 at 9:05 am

    Not me. Mine is 768

  4. Reply
    The Enchanting Wizard of Rythm
    May 1, 2011 at 9:27 am

    It seems self defeating. Because of a poor credit score, I was turned down from a good job that would have helped me pay off the very people who were narking on me. Oh, and I once got fired because the bastards called me on my cell phone while I was at work.

  5. Reply
    May 1, 2011 at 9:46 am

    I agree. Unexpected layoffs, medical issues, etc. can cause people to fall behind on their bills. No one is perfect and is immune to these situations. It can happen to anyone. The credit score is ridiculous. Too much credence is given to it. What really upsets me is when a credit report must be pulled before you get hired for a job. That’s just absurd.

  6. Reply
    The Prophet
    May 1, 2011 at 10:10 am

    I disagree that everyone has the right to have a home. That thinking is what got us into this crisis. Not everyone is capable of being a home owner. The Constitution guarantees you a right to pursue your happiness but it is not the governments obligation to give it to you. You need to work for what you get. There is a small % of the population who are uniquely gifted to create wealth. No one has a right to force these people to work in public service or give their money away. There were many self made millionaires who came out of the depression. Get rid of you stinking thinking and create your life. Self-reliance and freedom made this country great, not social dependence.

  7. Reply
    May 1, 2011 at 10:50 am

    A credit score is a measuring tool that banks and credit card companies use to measure how much of a sucker you are.

    The more of a sucker you are, the higher your credit score.

    Learn how the banks work, the following also applies for credit card transactions (replace note with credit card application) its the same thing

    If you are not holding the original note after you payed your house off, then there is still a mortgage on the house, and someone else may (and probably will) try to foreclose on you.

    If you pay off the wrong person, you are sill liable to the true holder in due coarse (the banks have been trying to run this scam for the past 6 years….so becareful!!! FAIR WARNING!

    You have to learn the secrets of the banks, ill open your mind a little.
    I have spoken to a few bankers, all of them have confirmed the following (but you will have to take my word for it because I can’t share their names for obvious reasons)
    Long Story short, all loans are illegal, as the banks are never really loaning anything of substance.

    When you take out a mortgage on say… a house, you sign over a promissory note, the bank takes this note on its books as an asset, and also records a liability 1 = 1 = 0 (balanced books).
    the same thing happens when you deposit money (cash) at a bank, the bank records the asset and corresponding liability (read modern money mechanics page 6 for clarification)

    Cash, Checks, and Promissory notes are DEPOSITS, and as such are in DEMAND DEPOSIT ACCOUNTS, what the banks do is exchange money (they are money changers) they take your money (p.note) and change it to FRN computer dollars and hand the money over to the person you purchased the home from.

    Did you catch the fraud? The bank did not lend ITS MONEY, it lent YOUR MONEY.
    It took your good faith and credit, monetized it and funded the transaction, the Federal Reserve dictates to lower financial institutions the limitations on how much debt they are allowed to monetize using interest rates and reserve ratios (fractional reserve banking).

    The banks take this step further, as they violate several codes/regulations/laws and commit numerous frauds during the “lending process”.
    The bank also turns around, chops that note up into tiny chunks and places them into “investment pools”, which they turn around and sell off to investors who are looking to get some money out of the exchange, the government typically pays off the investors within 9 months, and they do so for a reason, as once a NOTE is converted to a Security its lifetime is limited to the lifetime of a Security not a note, also by converting the NOTE into a SECURITY, it losses its status as A NOTE, and the mortgage becomes UNSECURED, (once you separate the mortgage from the note, there no longer is a mortgage/loan agreement… the agreement becomes NULL and Void)… not to mention that EVEN IF all this wasn’t true, the NOTE IS PAYED FOR IN FULL NUMEROUS TIMES throughout this process. *thats like someone paying off your “debt” for you without asking you to sign a contract to pay them back (gee thanks mr. investor).

    In retrospect, by securitizing a loan, the bank losses its status as holder in due coarse and as such losses SECURITY INTEREST and losses its rights to foreclose under the original agreement.

    If the bank pulls off a successful foreclosure, they have essentially accomplished the following….
    Taken ownership of real property (the house/land/car)
    Taken investors money
    Collected on Default insurance (credit default swaps)
    Collected the money that is left in TRUST from the loan process
    Collected whatever money they managed to extort from you before they tricked you into thinking you where in default (once a note is securitized… its impossible to go into default… despite what they would have you believe).

    And they managed all of this with none of their own money being involved!

    Also you should take into account that all of this constitutes unjust enrichment and the courts do not have the authority to grant unjust enrichment because it violates equitable principles.

    I would also like to mention that for the period of time that they held the money that YOU CREATED WITH YOUR SIGNATURE, they where able to AGAIN FRACTIONALIZE IT and make more pretend loans to sucker more pretend borrowers into the “trap”.

    In the end of this, the bank could in theory make over 50 MILLION DOLLARS IN PROFIT, off of just one , 1 million dollar loan.
    At the expense of investors, the government, the tax payer and the homeowners they are screwing of coarse.

    How is that for profitability? put up ZERO DOLLARS and make 50 Million! based on a confidence Scam that the banks have been running for over 100 years!!! and people wonder why the national Debt is 15 trillion, and top bankers are making 100 billion dollar bonuses….;p…. every time they make a loan “New money” is created and is added to the National Debt.

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