Posted On: June 6, 2007, 2:08 pm CDT

Posted By: An Insurance agent's view

I'm an agent. Explain this to my accounts... A young physician or dentist buys an office, purchases expensive medical equipment and has several credit cards. He or she makes over $300,000...
Or, a wealthy business person who builds nice multimillion dollar house, pays cash to build it then decides to go to a bank and replinish half his payout with a million dollar loan. This husband & Wife, each have an unlimited American Express card. Their income is nearly one million dollars per year from work and even more from investments. Because each of the above have high limit credit cards, have recently borrowed money and were diligent enough to check several lenders for the best rate, they suffer a high credit score. No consideration is given to their income and ability to pay

Are they worse risks than those who have the same score because they don't pay their bills?