"The fabric of our lives".... Our Credit Scores?

230330 — Wed, 20 May 2009 13:38:00 GMT

Wow.

Where we live and how we live....What drives us? Are we, each of us, the sum total of our credit scores? These scores affect our ability to rent a car, acquire and keep property and casualty insurance...open a bank account...and for 32% of all employers, the ability to choose the "best" candidate for the job. (?)

Mortgage reform, led by appraisal reform, is now followed by credit card reform....

According to USAToday, the Senate gave the House permission to work on a bill that would limit credit card companies' ability to raise lending rates without providing a clear cut understanding of why the rates were raised, and how to return to a lower rate at a future time....

President Obama requested this action, and is therefore expected to sign this bill into law....Opposition states that more than 5,000 people may lose their jobs....Well, so what?

Their employers are engaging in predatory practices....Not the employee's fault, and it affects us all...millions of us, on a daily basis. Should we do what's right and lose a few jobs? Uh, yeah.

Unfotrtunately, cotton has been replaced by your credit score as "the fabric of our lives"....

When it's time to decide where you should live, should we talk?

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"The fabric of our lives".... Our Credit Scores?