Credit scores drop at fastest pace since the Great Recession
Credit scores drop at fastest pace since the Great Recession
www.cnn.com
Credit scores drop at fastest pace since the Great Recession | CNN Business
1 comments
Credit scores drop at fastest pace since the Great Recession
Credit scores drop at fastest pace since the Great Recession | CNN Business
Credit scores are meaningless. I'm currently under an Individual Voluntary Arrangement (IVA) because I lost my job and couldn't afford to pay my debts.
It's literally a court order that, among other things, says I'm not allowed to take out credit without permission, or move house without permission, until the end of the 7-year IVA. I have to give all my available income to a company and they divide it up between my creditors.
So, literally a "this man can't be trusted to manage his debts" contract.
And yet! My credit score keeps going up and up. 😬 I'm now substantially above the UK average.