My question is, are credit scores fixed calculations or based on your relative position in the marketplace of possible debtors?
How your credit rating is used is relevant to the market, but the rating itself isn’t, so would change.
If everyone in the country missed a mortgage payment would everyone’s credit score go down or stay the same?
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How your credit rating is used is relevant to the market, but the rating itself isn’t, so would change.
References :
Cleveland 06/08/09
Hmmmmm,..!?!!
I am thinking that the mode for lending, and the credit rating body
(credit monitors) will lower the credit margin. Right now same be 600
or,..in the area of 600 – 625. Although, missing one payment will
hardly make any change in the a person pay potential,..to venture into
and extreme possibility,.?! The credit mode and margin would be lowered some,..to maybe,..550 – 575,..As to state the lowest lev-
el as number for good credit would be 550 – 575.
This may just happen when too many people misses two (2 ) or
three ( 3 ) mortgage,.or,.big ticket items payments,,
I am as usual ,..driving home a proposal,.in the Senate and House,.
Same calls for The U. S. Mortgage Refinance Service,..which will
grant 2% loans (whole mortgage) to home owners nearing default,..
or, are approaching foreclosure,..
Eliasis Yahwehei ( The Main Man )
References :
I studied the Mortgage situation and submitted the plan / proposal
for The U. S. Mortgage Refinance Service,..And, I am sure the set
up will work like magic,…
They are fixed, not "graded on the curve."
References :