- Joined
- Feb 1, 2007
- Messages
- 6,105
- Reaction score
- 22
I doubt it'll EVER be back to "normal", if by "normal" we mean the free credit of 2000-2006... I don't think, in this country at least, we'll EVER see that kind of free money available, ever again.
I'm pretty happy overall. My family has a good deal of disposable income (pensions and retirement, sweeeet) so we came out on top of this recession. Due to the easy credit, I was able to get my FICO almost to 800 with only a few years of credit history, since I could get 9 cards and use them on rotation.
That'd never work now. I don't know how an 18 or 19 yearold kid will be able to get enough credit to raise his or her credit score to a level good enough for the best mortgage and auto loan rates. Therein lies the rub of credit...
However, if by normal we mean not absolutely crappy, then I'm happy.
Well that sucks, my score is a 734. I was hoping that I can eventually get it up to at least a 800 so I can get the best mortage deals but I guess that won't happen anytime soon if ever.
Well at least I won't need auto loan.