Maybe your friend with $100.000,000,000 (or whatever) paid cash for everything.
I guess I should have mentioned why he was showing bad credit.:
He had such huge available credit on his credit cards, and he kept his credit cards at the top of their limits.
For most people this would mean that they're in a bad situation financially, using credit for everything.
Unfortunately this fellow was bulked in with the rest of the folks because of his credit habits.
If you keep high balances on your credit cards, your credit score is going to suffer.
Until recently, companies did not have to disclose credit scores to consumers but now they do.
Where is this legislated? I'm VERY interested in this statement.
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