> If I'm rich as shit, and want 100 different debt's open > at once, but I manage to pay all of them off...why should > my score have EVER go down?
The credit bureaus don't know how rich you are, only that you're taking on more debt and inquiring about more debt in a short period. If you're applying for a lot of debt in a short period, it's reasonable to assume that you're unable to pay out of pocket (otherwise why apply for debt in the first place) so they assume that your risk factor is increasing and the score goes down accordingly. A credit score is like trust in it has to be earned over time. It all makes perfect sense to me, but if you have a better solution I'm always up for considering them (not that I'm in a position to change the way the credit system works, but I do find alternatives interesting). -Justin ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:332988 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
