Yo! My wife and I just got our loan approved for our house! With SUCH a low-interest rate too!
Wow, I wish that was me...
PSA: Don't Be Stupd
"FI-CO is a data analytics company that's focused on credit scoring services. It's on a scale of 300-850, 300 is awful and 850 is excellent!
I shouldn't be surprised though, I have a FICO score of 820!
That's probably it! I remember you defaulting on your loan last week, and I can't recall the last time you paid any of your bills on time. You're actually pretty deep in debt, now that I think about it!
... I have a credit score of 350. Maybe that's why I can't get a car loan, or why I have a high interest on my house.
You should decrease the amount you're borrowing to try to help yourself. Decreasing your credit utilization ratio would make banks think you can pay back what you borrow.
Well, that's valid. But you could also fix your credit by closing accounts you have open that you don't use, or by going to a debt counselor.
Ok but picture this: I really wanted to get 57 pipe cleaners and there's nothing I can do to stop myself.
Not necessarily! Yes they keep a record of whenever you were late on a payment, but if you can start making payments on time now, you'll start to show banks you're trustworthy. That'll increase your credit score!
The weightiest category for your credit history is payment history, though.
Ok well that sucks, so there's no point in trying
Thanks for your help, I'm gonna work to get a loan for 13 Ferraris!
Cool thanks whatever byeeeee
Yeah that's not my point at all...don't be stupid.