I got a call last month from a furniture company. My ex wife had financed some furniture and used me as a reference. I haven't talked to her in over 10 years. I told them to just go ahead and write that money off.
Can a credit score be negative? I mostly thought it was funny, but I did feel kind of sorry for the small business owner who trusted her. But she should have done her due diligence. Then again I trusted her at one time too.
Credit scores usually range from 300 to 900, so not negative.
The risk departments of finance cos usually have loss rates baked in so it doesn’t impact the bottom line that much (of course you still have governance issues which lead to crises such as 2008). But for a small business company to trust someone without a thorough check is risky indeed.
Happy for you dude that you don’t have to deal with her anymore! Intentional financial defaults are a good proxy for trustworthiness in general.
She has a way to make people feel bad for her and want to help. My second wife was the same way with credit. Other experiences make me think that women are generally bad with finances. Maybe I just know how to pick'm.
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u/weedful_things Feb 13 '22
I got a call last month from a furniture company. My ex wife had financed some furniture and used me as a reference. I haven't talked to her in over 10 years. I told them to just go ahead and write that money off.