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Re: Charge off 180 or 210 ?
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Posted by Why Chat (12.77.147.31) on July 20, 2002 at 10:50:48:
In Reply to: Re: Charge off 180 or 210 ? posted by Kevin on July 20, 2002 at 10:26:14:
Kevin; I fail to understand why you and so many others feel that the credit reporting system is for the purpose of allowing debtors to "wipe the slate clean" whenever they wish to. The many many many people who have been able to pay their bills on time, achieve excellent credit scores and the resultant benefits of their history are the ONLY ones "entitled" to have a clean credit record. The purpose of credit reports is for the benefit of CREDITORS who pay for and subscribe to the service so that they may make informed decisions about granting credit. In the "old days" way before your time, and before credit reports, the only way anyone COULD get ANY credit would be to pledge collateral.
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