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Who thinks the Government should wipe out credit scores...?
After this financial crisis is over, Alot more people will have bad credit and credit standards for bank loans will be extremely high..I think we should all start back at zero (my current score 720) and put everyone on a level playing field or should we go back to the 20's and only allow the wealthy to borrow money?
Now somone who has lost a job or had hours cut or can barely afford food please answer.
6 Answers
- ultrasmooth101Lv 41 decade agoFavorite Answer
Who thinks the Government should wipe out credit scores...?
Answer: All those who've been stupid and ended up with poor scores for borrowing recklessly.
- 1 decade ago
This proposal is about as ridiculous as bailing out failing auto companies. Why not wipe out everyone's criminal record and while we're at it, education history.
Hard work leads to success. Paying your bills on time and borrowing responsibly leads to good credit.
- 1 decade ago
ummm...hells no.....individuals only are effected by the 'finacial crisis' if they made very poor choices with their money over the past years. These people should still pay the penatly for those choices.
Mainly it was big businesses that were effected and not individual people. Stop borrowing money and live to the means that you support yourself with. It is simple.
- npkLv 71 decade ago
Credit scores are a private industry entity. The "Government" did not initiate them and does not control them.
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- Anonymous1 decade ago
If that happened, we might as well overthrow our democracy and institute communism.
