Tag Archives: Financial services

Credit 101.1 QUIZ


So let’s try this again!  From the top this time!  CREDIT! CREDIT! CREDIT! you can not get away from this word and what it means in your life. Here is the definition straight out of the dictionary. You can easily see that the word CREDIT is a good thing until you fuck it up! then its your worst nightmare. Like that house you promised your baby you would buy her, before CREDIT made you a liar! Or why you still live with your MaMa because CREDIT said No Way Jose to the only apartment your broke ass could afford. And the reason your ass is broke is because CREDIT told your potential employer that you are a dead beat loser who might be a risk to hire. Yea, Yea, get the sand out of your vagina and stop your crying I know this is not the majority of you that I speak of. I know there are many legit reasons for having a poor credit score like your company down sizing and kicking your ass to the curb, or your dumb ass cheating and your partner kicking you to the curb like the dog that you are and taking your CREDIT with them. Or that Casanova you met on-line that you traveled overseas to marry only to find out that he was already married to 3 other women, and a prison escapee who conned you out of your good credit. Wait shit this one doesn’t count if this is you then you are already to stupid for me to help. Or the evil bankers who sold you that million dollar house while you were working at Micky D’s. Or the family member you co-signed for, who turned up on Americas Most Wanted. I am not talking about you! I am mostly talking about me! Back in the day! Before I became older then dirt! I was probably all of these except the overseas one. That one I have no sympathy for i’m just going to keep laughing at your dumb ass. So get a grip! Answer the quiz I am about to give you and help me educate others!

Dictionary definition:

1. commendation or honor given for some action, quality, etc.: Give credit where it is due.
2. a source of pride or honor: You are a credit to your school.
3. the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.: She got a screen credit for photography.
4. trustworthiness; credibility: a witness of credit.
  5. confidence in a purchaser’s ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment.
  6. reputation of solvency and probity, entitling a person to be trusted in buying or borrowing: Your credit is good.
  7. influence or authority resulting from the confidence of others or from one’s reputation.
8. time allowed for payment for goods or services obtained on trust: 90 days’ credit.
9. repute; reputation; esteem.
  10. a sum of money due to a person; anything valuable standing on the credit side of an account: He has an outstanding credit of $50.
  11. Education .

a. official acceptance and recording of the work completed by a student in a particular course of study.
  12.Bookkeeping .

a. an entry of payment or value received on an account.
b. the right-hand side of an account on which such entries are made ( opposed to debit).
  an entry, or the total shown, on the credit side.
  13. any deposit or sum of money against which a person may draw.

Have good credit and life is much easier. Take this quiz and leave me your answers in the comments, like this  (1. T – F  2. T – F) etc. and in a day or two I will post the answers and continue on this CREDIT journey. Or not if you tell me i’m full of shit and you want me to shut up on this topic.

1. It is impossible to change what’s in your credit report.

True
False

2. You have to make a lot of money to have a good credit score.

True
False

3. Paying cash for every purchase hurts your credit.

True
False

4. You have multiple credit scores.

True
False

5. It takes 7 years to fix a poor credit score.

True
False

6. Keeping old credit card accounts open can improve your credit score.

True
False

7. When you get married, your credit score is merged with your spouse’s.

True
False

8. Checking your credit report can hurt or lower it.

True
False

9. Credit scores and credit reports are two different things.

True
False

10. Bankruptcy is a “fresh start” for troubled credit.

True
False

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W.T.F. Fourth Bureau Redux!


Part two of  W.T.F. a fourth bureau! Below you will find very informative links that will give you a lot of information. Go there get schooled. Don’t let the blood sucking, money whores like MIKE MONDELLI take advantage of you. His company L2C is one of the companies that are involved in the fourth bureau. Here is the link to L2C  http://www.l2cinc.com/ Here is how they spin what they do by using fancy language. I hate fuckers like this so pay some damn attention!

“L2C solutions use alternative, leading indicator data to inject insight, clarity and confidence into credit risk decisions across the consumer credit life-cycle”

This is what they are really saying!

Alternative = personal data that can be  considered  unreliable

Inject insight = sell your personal data for a profit

Consumer credit life-cycle = track all your personal shit without your knowledge or approval for the rest of your life. Fuck i hate companies like this that hide in the shadows.

http://www.defendyourdollars.org/2011/07/consumers_union_calls_for_cong.html

http://www.washingtonpost.com/business/economy/little-known-firms-tracking-data-used-in-credit-scores/2011/05/24/gIQAXHcWII_story.html?nav=emailpage

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Filed under Current events, Financial opinons, Life