Posted On: May 29, 2008, 11:08 am CDT

Posted By: Mike

Buckeye - You didnt read my post so heres another chance.

Credit Scoring does adversely affect the poor, so as a society we just need to admit it and say

"Yea, but who cares?" Its not my problem, im entitled to a lower rate, I dont care about poor people"

Buckeye, read this.....

What is the average credit score of someone with an income of 20,000? Is it the same as someone one makes 50,000, or how about 100,000?

Some of you might say yes, but I might suggest that it is much easier to manage your finances when you make more money.

I bet the numbers would back me up, but the powers that be wont make them available.

Its an even bigger issue when the bare necessities you need to raise a child are figured in.

If you only have 20,000 to work with, then naturally you will chose to go into debt rather than go without food and gas and clothing for your child.

With someone who only makes around 20,000 they are often not wasting money on big screen tvs and ipods, they are going into debt to pay for basic necessities, especially if they have a family.