What a poor credit rating is costing you

Dec 29, 2013 | Posted by: roboblogger | Full story: USA Today

Experts estimate a less-than-sterling credit score can cost you tens of thousands of dollars over the years, since you'll be paying higher interest rates on everything from mortgages to a Macy's credit card.

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1 - 4 of 4 Comments Last updated Dec 30, 2013

Since: Nov 08

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#1
Dec 29, 2013
 

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The cost of doing business with poor credit ratings is a death blow to the bottom line of businesses. Case in point it the liberal housing bubble. It cost every American, even those that lost their homes.

Since: Nov 08

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#3
Dec 30, 2013
 
Fannie Mae fatcat/friend of Obama buys $4.9 million penthouse
By Michelle Malkin • October 9, 2008 11:11 AM

Franklin Raines, the Clinton-era head of corrupted Fannie Mae, does not feel your pain. While Barack Obama rails about unfettered greed and callous Washington lobbyists, his friend and consultant made off like a bandit…and has just sold and bought multi-millionaire homes.
Crisis? What crisis? Sacrifice? What sacrifice?
From Washingtonian magazine:

Franklin Raines, the former top man at Fannie Mae, bought a three-bedroom, seven-bath penthouse condominium in the West End’s Ritz-Carlton Residences for $4.9 million. The condo has a rooftop terrace with a hot tub, a butler’s pantry, and three parking spaces. Raines, director of the US Office of Management and Budget under President Clinton, was CEO of Fannie Mae from 1999 to 2004.

Raine's made 90 million dollars in three years at Fannie Mae..........cooking the books.
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De Forest, WI

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#4
Dec 30, 2013
 

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wow thats news big jews in government make themsleves rich,

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#5
Dec 30, 2013
 

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Now I get it. Raines planned all of this so he could get both the money from the different accounting procedures and cause the housing market to bottom out so he could afford a better penthouse apartment.

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