Why Does the Real Estate Industry Tolerate Losing BillionS$$ Due to Credit Bureaus ?

Discussion in 'Economy' started by protectionist, Jun 9, 2015.

  1. protectionist
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    protectionist Gold Member

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    This goes to another subject which is discussed (item # 1) in another OP of mine >>

    7 HUGE ISSUES Almost Nobody s Talking About US Message Board - Political Discussion Forum

    Apartment Complex Owners - Society s Biggest Fools US Message Board - Political Discussion Forum
     
    Last edited: Jun 10, 2015
  2. protectionist
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    protectionist Gold Member

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  3. protectionist
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    protectionist Gold Member

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    Well, two cable TV bills that I thought were lowering my credit score a great deal, just got paid. And the result ? The score barely budged. The cable TV smears still remain, showing that they were late.

    So, in calling the credit bureaus, and asking how does one got the score to go up, now that I no longer owe anything, I was told I need to open "revolving accounts" and pay them on time, over time.

    This is ludicrous these fascists are dictating to us what we MUST do in order to obtain housing, and in the case of young people still in the workforce, to get hired to jobs. This ought to be a prime issue. What's more important than being denied housing, when you have the money to pay for it ?
     
  4. WinterBorn
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    WinterBorn Gold Member

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    If a person cannot manage their money, allowing them a huge debt is not a good idea.

    You want them to separate your credit issue into only housing and then everything else? If someone doesn't pay their debts, they do not get credit. That makes perfect sense.
     
  5. protectionist
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    protectionist Gold Member

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    That's like saying if a guy can't be a catcher, he can't be a pitcher, either.
    They have ALREADY done the separating into only housing apart from everything else, by being in the business of "only" housing. Your post was refuted before you posted it, by the OP, in particular, this part >> "
    "I would think that the only one needed would be the housing payment record. Once you have the buyer as your renter, if he continues his long-standing good record on housing payment, you're doing fine. And what payment he misses on some gold bracelets or guitars or fishing rods is HIS business, and frankly, none of the landlord.
     
  6. protectionist
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    protectionist Gold Member

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    Landlords causing themselves very large losses (all unecessary)
     
    Last edited: Aug 23, 2018
  7. protectionist
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    protectionist Gold Member

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    Point is to manage money for housing.
     
    Last edited: Aug 23, 2018
  8. protectionist
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    protectionist Gold Member

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    Form follows function.
     
    Last edited: Aug 23, 2018
  9. WinterBorn
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    WinterBorn Gold Member

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    My post was certainly not refuted. YOur claims to the contrary, people with bad credit ratings are FAR more likely to default on home loans. That is a simple fact. That you choose to ignore it does not change that.
     
  10. WinterBorn
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    WinterBorn Gold Member

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    The point is, people who cannot manage their money are far more likely to default on a loan.

    You want the budgets to be separate, but they are not.
     

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