Comments on: Credit Report Card

By: Steve

Steve — Mon, 22 Jun 2009 05:18:06 +0000

Interesting idea, but having already had my identity stolen once, the idea of giving all my personal info incl social sec # to a company I don’t know isn’t going to happen.

Now if I knew one of the 3 reporting agencies or maybe MC or Visa who already have all my info was behind this, maybe…but to fork over all my info to a company I don’t know? No chance…

By: Frank

Frank — Thu, 18 Jun 2009 10:04:39 +0000

I agree; however, a high level indebitedness that is paid on time and according to the provisions set out by the “lender” should result in a high credit score. My point was you seem to be able to get the same effect by having zero debt as shown in the first bar chart above. This would imply having zero debt is just as helpful as a “boat load of debt” even if that debt is is in “good” standing. Maybe there is something I am missing. Just an observation.

By: eric

eric — Thu, 18 Jun 2009 03:22:54 +0000

This reminds me to do my monthly check! Thanks. Will check it out.

By: Jim

Jim — Wed, 17 Jun 2009 21:47:17 +0000

Remember, causation and correlation are two different things. It may just be that CK’s users that have high debt amounts have good credit scores but the high debt amounts don’t cause the higher scores.

By: Frank

Frank — Wed, 17 Jun 2009 20:50:50 +0000

If I read the utilization chart correctly, it is just as advantageous for your credit score to have no debt as it is to have a “boat load” of debt.

Is that right?

By: Amanda

Amanda — Wed, 17 Jun 2009 19:51:58 +0000

I agree with Modder. I am rather confused by their “grading system”. My score was right under 800 but I received 3 A’s, 1 D (length of time of accounts – I’m only 24 so my accounts have been open about 5 years), and 1 F (number of accounts).

Does it really improve your credit score to have more accounts? I thought it was the total credit versus total credit utilized that mattered.

Furthermore, who would ever want 20 credit cards??

Other than my confusion with the grading this seemed very cool. Thanks for the information!

By: Jim

Jim — Wed, 17 Jun 2009 19:45:51 +0000

I believe they earn money when you sign up for various financial products but I’ve never received an email or any other solicitation to sign up for something through them.

By: Julio

Julio — Wed, 17 Jun 2009 19:03:42 +0000

What is the catch with this site? Do they try to sell you another product or do they bombard you with solicitations or advertising? I’m interested in the free score but hesitant to sign up.

By: Jon

Jon — Wed, 17 Jun 2009 18:22:36 +0000

I might actually have to try this now.

By: Observer

Observer — Wed, 17 Jun 2009 18:15:00 +0000

A growing number of Americans are being financially ghettoized.

How do you get ahead if you have an expensive uninsured health collapse?

You lose your inco9me and then your credit, then with trashed credit you become job-market ghettoized, and good luck earning enough income to get your credit back to a respectable level.

By: Chris

Chris — Wed, 17 Jun 2009 17:20:36 +0000

Awesome addition they made. I saw that and think it’s a great bonus. Are you there consultant?

By: Anonymous

Anonymous — Wed, 17 Jun 2009 16:08:19 +0000

It’s my first time here, your article is so interesting,hoping your new work

By: Jim

Jim — Wed, 17 Jun 2009 15:16:36 +0000

Oooooh, you mean about the joke I made of your score being your new report card. I thought you meant I had some product or something that they stole… I was confused.

By: CuriousAG

CuriousAG — Wed, 17 Jun 2009 15:04:22 +0000

@Jim I was backing up DDFD lol

By: DDFD at DivorcedDadFrugalDad

DDFD at DivorcedDadFrugalDad — Wed, 17 Jun 2009 14:01:51 +0000

@Jim I was joking that they stole your idea and you should seek royalties . . .