After reading this article over on The Consumerist, I left this comment and thought maybe I’d bring it over here to throw out to everyone else. What do you think?
I just want to throw it out there, but given banks don’t want to lend these days anyway, are cutting your credit card access levels messing up your credit, and given the shear number of people with bad credit scores overall…..
Is it really that big of a deal anymore?
I’m not going to say it’s a good thing to have a bad credit score or that it should be something to strive to. Nor should anyone intentionally be fiscally irresponsible.
But is a poor credit score still the intimidating threat it used to be?
Banks, car dealerships, even the credit card companies themselves are adjusting to the new normal, the lower bar.
So while yes, it might make your life a little harder, you’re certainly not the social pariah you once were if your number’s less than stellar.