Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Don't commit credit score suicide


Pamela Yip of The Dallas Morning News warns borrowers not to worsen their credit scores deliberately in hopes of qualifying for a rate freeze under the Hope Now initiative (aka the Teaser Freezer) brokered by the Bush Administration. In an article published the day before Christmas, Yip says “torpedoing your credit score has long-term damaging consequences.” Most obviously, it could hurt you the next time you apply for a mortgage, auto loan, or some other type of credit.

FYI, here’s a link to the Hope Now website.

And here’s a cynical post I wrote about the freeze idea when it first came out.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus