I don't understand how they condo allow the absurdities that occur over there to continue. FICO makes money of off royalties not public image.
They have established themselves as the defacto credit scoring agency, so very little will threaten their hold on the credit world.
And of course, he is still actively posting, so as usual I was punished and the instigator left alone.
It's clear that I dislike churning but even if I were all for it, I wouldn't be telling people new to building credit that it's a good idea!
It makes me sad to see people who say they have a mortgage app coming up in the next 6 months, but have opened like 8 new credit cards in the past 4 months...will pay for those rewards many, many, many times in higher mortgage interest. At least flyertalk is pretty blunt about the fact that they exist to help people game the system/points.
Whether it has honestly stopped any bad behavior, I don't know.
I try to remind myself that most people are not going to listen (and the ones who need to listen the most listen the least), and have already decided to do what they will, but it's hard because I want to help.
People look up to him with his huge limits etc which I think are either BS, or else someone so wealthy shouldnt be wasting their time on cc sites. Hard to be Friendly, Supportive and respectful (which in and of itself is complete horseshit!
The American Dream is traditionally defined by a climb up the socioeconomic ladder to a comfortable middle-class life: a small business built from scratch, a house in the suburbs, a two-car garage, and the first generation of college-educated kids.
MF pretends to be a haven for credit advice/building credit when in reality, it's some bizarre mix of gaming the system and just impulse bad decisions.
Neither of which will get you far in building credit.
But another type of American Dream has now developed: The freedom to upturn your desk, give your boss the finger, and retire on the spot—without making a lifestyle sacrifice, of course.
In some circles, the wealth required to burn any bridge you want has a name: “f–k you money.” That’s because, well, backed by the First Amendment and a large fortune, you can yell that without consequences to pretty much anyone, save for a judge, a plumber, or a tax assessor.
I try to remind myself that most people are not going to listen (and the ones who need to listen the most listen the least), and have already decided to do what they will, but it's hard because I want to help. Honestly I think a lot of those people are in way over their heads.