http://www.healthnowwealthforever.com/wealth/credit-ratings/ Have Health Now, With Wealth Forever Fri, 03 Feb 2012 08:03:47 +0000 hourly 1 http://wordpress.org/?v= http://www.healthnowwealthforever.com/wealth/credit-ratings/comment-page-1/#comment-950 Gary Sat, 15 May 2010 01:32:05 +0000 http://www.healthnowwealthforever.com/?p=391#comment-950 So having no credit score is "as bad as having a bad score" was stated by your loan officer but you were still approved for the loan because they could do some leg work and check up on how you pay your bills. So - my question back is why even have a credit score if they can determine your credit worthiness by doing a little work checking up on how you pay your bills? In my opinion, this system of rating credit and scoring it is a bureaucracy and wasteful. So having no credit score is “as bad as having a bad score” was stated by your loan officer but you were still approved for the loan because they could do some leg work and check up on how you pay your bills. So – my question back is why even have a credit score if they can determine your credit worthiness by doing a little work checking up on how you pay your bills? In my opinion, this system of rating credit and scoring it is a bureaucracy and wasteful.

]]> http://www.healthnowwealthforever.com/wealth/credit-ratings/comment-page-1/#comment-925 Felicia Tue, 11 May 2010 03:18:17 +0000 http://www.healthnowwealthforever.com/?p=391#comment-925 My husband and I are in the process of buying a home and I found out in the loan process that I do not have a credit score. I was really excited until I was informed it is almost as bad as having a bad score. The mortgage company had to run an Anthem report, which is a credit score based on the utilities and misc. bills in my name. My husband and I are in the process of buying a home and I found out in the loan process that I do not have a credit score. I was really excited until I was informed it is almost as bad as having a bad score. The mortgage company had to run an Anthem report, which is a credit score based on the utilities and misc. bills in my name.

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