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Being $53 million in debt seems like something that would result in you having an excellent credit score.
by ryanlol 9y ago
Being $53 million in debt seems like something that would result in you having an excellent credit score.
- thephyber 9y agoA credit score is a signal to potential _new_ creditors about how likely you are to be able to pay back _new_ debts. A factor in credit FairISAAC is the proportion of your outstanding revolving credit you are currently using (more being worse, above about 30%). It could be a sign that your income is unable to pay down your debt (becoming a runaway debt problem). All to say that just because you've been able to convince creditors to loan you $53 million doesn't necessarily mean your credit is good.
- heartbreak 9y agoI guess publicly begging Mark Zuckerburg for $50 million doesn’t get factored in, so you’re probably right.