Last week I got a letter from the administrator of my daughter's 529 plan that said a hard drive with client information was missing and I was among those whose vital records were on it.
The administrator included a number of options to "safeguard" clients like myself against identity theft. Among them was signing up for a service that would alert me to anything changing on my credit report.
Today, I signed up for this and in the process was given my current credit score. I was surprised to find that it's still in the excellent range -- despite all my debt. Now, I'm thinking WTF?!?!?!?!?!
I mean, come on, aside from my booming side business, I have very little reportable income. And, as you can all see, my debt is HUMONGOUS!!!! (Plus, there was that unfortunate incident last year when I was more than 30 days late on my credit card.....)
So someone tell me, just what are these credit folks thinking rating my credit score as excellent????
I'm no financial genius (obviously), but I think it's safe to say my credit score should be around the "sucks to downright stinks" rating.
Identity theft, my credit score and WTF????
April 29th, 2008 at 07:55 pm
April 29th, 2008 at 08:06 pm 1209496012
April 29th, 2008 at 08:27 pm 1209497220
April 29th, 2008 at 11:54 pm 1209509699
Just wait until you get things paid off and it starts to go down, then you'll REALLY be thinking WT...
Mine plummeted briefly after paying off my mortgage in full. And tho it recovered a bit, it never did get back to where it was when I carried a mortgage, and probably never will. I just had to accept that and decide that I preferred being debt free to having a higher credit score.
April 30th, 2008 at 04:53 am 1209527627