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Old 01-10-2015, 09:07 AM
 
Location: Inland Empire, Calif
2,887 posts, read 4,803,483 times
Reputation: 2785

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Quote:
Originally Posted by Europeanflava View Post
Say you met your end only to end up in h e double
hockey sticks. And as part of your punishment the
man in red with horns sticking out the side of his
head said you had to take a nasty mark to your
credit score. Your lame choices are......

1. Multiple rental evictions on your record.

2. Multiple home foreclosures on your record

3. Owing multiple debt collection agencies money

4. Being without a real job for years.

5. Fraud on your credit score from participating
in identity theft.

6. Multiple car repossessions from not paying for loans
on cars that you have purchased.

Which would you pick to shame your credit score and
why. What would you consider less harmful on your
record from the court of ****
You have way too much time on your hands...!!
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Old 01-10-2015, 09:25 AM
 
1,008 posts, read 1,115,738 times
Reputation: 883
Quote:
Originally Posted by Nayabone View Post
You have way too much time on your hands...!!
No not really.
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Old 01-10-2015, 11:55 AM
 
12,694 posts, read 9,926,342 times
Reputation: 9487
Quote:
Originally Posted by Europeanflava View Post
Say you met your end only to end up in h e double
hockey sticks. And as part of your punishment the
man in red with horns sticking out the side of his
head said you had to take a nasty mark to your
credit score. Your lame choices are......

1. Multiple rental evictions on your record.

2. Multiple home foreclosures on your record

3. Owing multiple debt collection agencies money

4. Being without a real job for years.

5. Fraud on your credit score from participating
in identity theft.

6. Multiple car repossessions from not paying for loans
on cars that you have purchased.

Which would you pick to shame your credit score and
why. What would you consider less harmful on your
record from the court of ****
#4. Employment history is not part of credit history, though it may of course make it difficult to get a job.
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Old 01-10-2015, 12:44 PM
 
Location: Boise, ID
8,043 posts, read 23,637,187 times
Reputation: 9334
#1, 4 and possibly 5 would not appear on credit. But if we are looking not just at credit, but overall impact on life, I'd take the foreclosures. They hurt your score, but their only real impact on life is an inability to repurchase for a few years. Even landlords mostly overlook them.

On the other hand, it would depend on how much my expenses were and how much money I had saved up. Right now, I could survive without any job for more than a year, and without "a real job" for probably several years, since even working for minimum wage part time would supplement my savings for quite a while. So maybe that one.
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