Home Forums Hunting & Shooting Hunter's Campfire Credit Agencies.....The real threat to America

I've been watching this phenomenon for years, wondering when an economist or politician; heck, even radio talk show host would touch on it, but alas it has not happened.

Consider for a moment what kind of control having your credit score manipulated by a separate entity has on your life.
Here's but a few as an example:

Your ability to borrow money
Your car insurance rate
Your ability to find a job
Your ability to own or even rent a home
Your ability to be debt free (not going to happen)

Imagine if you will a Socialist dictator/dictators that wanted you to eventually contribute every last penny to government. A society where they would allocate out to you the very basic necessities that you would need to survive and you would continue to pay into the system, so long as you didn't know what they were actually doing.

Sounds pretty far-fetched doesn't it???? Not really at all when you consider this:
If you pay down or off a credit card your score drops.

If you are late on one credit card payment, other cards and loans that you have can and will raise your rates, even though they weren't effected by the late payment.

Insurance companies don't rely exclusively on your driving record to determine costs, but rather your credit score, yet they never report your good standing that could benefit your score.

Rental properties require a credit check, yet they too don't report good credit and a bad score can result in a higher deposit, higher monthly rent or denial of application.


Being able to indiscriminately modify one's credit score, or in this case make the rules that allow others to modify your credit score is without a doubt the single biggest threat to our nation and economy.

Folks who own their cars, boats, campers and homes are considered a threat to this "system", which is why they are attacked on ever-changing fronts, like jobs and insurance.

There's more to add, but I'm curious if anyone else has connected the dots on this umbrella that we have been brought into within the last 40 years?

The other question is "who are they"? When we know that answer, you'll know the most powerful people in the world.

+14 Trillion...they are unregulated leaches.

Mine must drop monthly. Not really because lots of months I do no charge anything, but when I do, I pay it off the first month. My bank says I have a good credit score. miles

Was totally debt free for years. My only debt nowis the farm and I will me debt free again around June first of this year. Debt is a form of voluntary bondage. I choose not to participate.

In our state we have property tax, car insurance, vehicle license, and vehicle registration...........That's debt and for life.

My friend is a general contractor and he just found out a few days ago that in order for him to bid on a government job now, he has to have a "performance bond", which is a guarantee to the government that he'll do a good job within the time frame he says he will.......This is new thanks to Obama, but it is based solely on your credit score.
Now, for him to have a $5,000.00 performance bond, it will cost him $3,000.00 in an insurance premium.
In 2011, who do you think in the construction trade will have really good credit scores? I'll give you a hint, it won't be the little guy.

I'm debt free on my business, car, truck, boat, but not my house. Around here though, you'll never own a piece of property due to the taxes.

I'm still getting hosed on insurance and I don't see that as a trend that won't continue, even though my driving record is near perfect, especially for the last 10 years.

We have a little podunk auto parts store in our town that requires that they run your credit in order to get hired. My former secretary's son, who's 17 was asked to do that........

When small businesses are even falling lock-step into line with this socialistic system, we are really in trouble.

Credit agencies are crooks, period.

I have two friends who paid down 2-4 cards each, leaving all of them with a zero balance, but not closing them. They lost 150-200 points off their credit score. My oldest brother had the same thing happen to him 2 months ago. They were in near the 900 range when this happened.

There's no rhyme or reason and many will slip through undetected, but many more won't.

calls for a class-action suit to prevent any entity from collecting individuals' private information against their will.

They're crooks alright, but why doesn't more people pick up on the amount of control that they have on our economy?

They are the reason that interest rates dropped, car and vehicle prices went up, and the average American is up to their eyeballs in debt.

I've always ran my business on a cash-basis, but many need credit to make payroll and pay bills until the checks arrive. Talk about being under their thumb at that point.

I do not know if you remember me but years ago a friend and I toured your shop. I am glad you can run it debt free. It todays world the debt free will have a lot better chance if staying in business.

Yep.......

I also believe that if your a company that is requesting credit information, you should not be allowed to do so unless you intend and follow through with contributing to said credit score.

Property management outfits want a credit score, but when you make all your rent payments on time for 2 years, they won't give you credit for it.
Same thing with car insurance. I've had my car insurance deducted automatically from my account for almost 10 years. You think they'd contribute one good mention on my credit report for that??? They are gracious enough though to randomly run my credit without letting me know about it every six months.

I'll admit the visit skips my memory at the moment, but I've since moved from that location and operate under a smaller monthly budget, though most of my equipment has been paid off for 6-10 years. It wasn't easy, but with things being the way they are now, I'm thankful that they are.

I am sure it was more memorable for me that it would have been for you. It was seven or eight years ago and I was living next to the Res in Madras. I was impressed with your setup. I hope things are still going well with you.


Anyway, back to the original subject. Having been in the mortgage many years ago I am well acquainted wit the big three credit companies. One of the silly things that will drop your scores is recent credit checks. You go to buy a car. The salesman gets your info and the credit department shops several lenders before you even decide you want to buy. Visit three dealers and it is likely your credit will have been pulled ten to fifteen times and your scores can drop as much as a hundred points without you doing anything wrong.

It is interesting that with only the farm and my cell bills my scores are around eight twenty.

Yeah, forgot about the cell bills....Those have never showed up on a credit score either and that's an automatic payment for the last 12 years.........

I'm operating now in a smaller shop next to my house, but might venture into something new before long. Pretty much hamstrung with the way things are sitting now and self-employment ain't all it's cracked up to be.

My final mortgage payment was to be paid for using the remaining escrow balance. However, the transaction was late and actually the fault of the lending institution itself. Regardless, they submitted the negative report. Well, 3 of the 4 CB's made the change as instructed to do so by the lending institution. The 4th, Experian refuses to budge. Even though they were instructed to do so. I will not rest until this is settled. Especially, after ALL years of perfect on-time payments.

Lotsa luck with that one...........

I have been self employed several times in my life. I never want to work for that demanding slave driving a$$ hole again!

LOL....Yeah, that pretty much sums it up.