GM Financial auto loans to customers with FICO scores below 660 rose from 87% of total loans in Q4 2010 to 93% in Q1 2012.
The worse the FICO score, the bigger the increase. From Q4 2010 to Q1 2012, GM Financial loans to customers with the worst FICO scores — below 540 — shot up 79% to more than $2.3 billion. The second worst category, 540-599, rose 28% from about [...]
About 1% of the population has perfect credit, meaning a FICO score of 850 on Fair Isaac’s scale of 300 to 850. How they earned those gold stars is no secret. A quick peek into their credit files reveals that these star pupils haven’t got any fancy tricks up their sleeves. Instead, they share such ho-hum traits as:
Between four and six revolving accounts (meaning credit cards).
At least one “installment” tradeline (e.g., a mortgage or [...]
More often than not it is seen that one unfortunate incident leads to another. With the current surge in the rate of bankruptcies, foreclosures and the huge number of people losing their jobs, consumer credit ratings are plummeting unnaturally. An increasingly large number of people are getting behind on their credit card bills and are receiving dunning notices from the collection agencies. Though the credit card consolidation companies [...]
by The Rock
40% of all of the federal income tax revenue goes to these Bankers to pay interest on the national debt!!
Fractional Reserve Banking is slavery. It is not economic freedom. Both sides of wars are funded by these evil, inhuman bankers – the loser signs a treaty and agrees to ‘pay it all back’.
AND YOU, MY DEAR CONSUMER, ARE A SLAVE!
You’re working for someone that never worked [...]