My adventures in trying to become a homeowner have gotten me thinking. While any negative stuff on my credit report would stay on there and affect me for seven years, the positive stuff disappears after a year. (Actually, I've already heard from someone who lost their credit rating after six months of inactivity.)
Ever wonder where that seven year limit comes from?
Deuteronomy 15:1-2:
At the end of every seven years thou shalt make a release.
And this is the manner of the release: Every Creditor that lendeth ought to unto his neighbour shall release it; he shall no exact it of his neighbour, or of his brother...
Makes you wonder. Are negative items purged after 7 years because of ancient Jewish laws?
Of course, the Book has a few things to say on the subject of usury that seem to be ignored by everyone these days, so I'm not going to read too much into this. (Wow, not reading too much into the Bible... tall order.)
Whoaa.. Putting in the verse side by side with Fico score.. Really genuine and had me thinking (and smiling) for a while..
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Posted by: Rachael | December 05, 2008 at 10:26 AM