Another Lesson Learned:

I should have known....

My wife and I have done everything possible to rid ourselves of debt. We all strive for that, I am sure.

Right now, I am watching the House Finance Committee discussing HR 5244 which is the credit card holders bill of rights. It deals with credit card rates and credit card company practices. Obama & Maloney are the authors of HR 5244 I think. There have already been Credit Card Company representatives under the gun (earlier in the week) regarding their practices.

So, what did I learn????

By paying-off 95% of our debt, and all of our personal and business credit cards....our FICO scores were blasted! We went from the 825 range down into the bottom of an outhouse. I just checked my FICO score as of 15 minutes ago...and it is unreal.

Fortunately, both democrats and republicans support this bill in a one-sided slam-dunk.

When it passes, the FICO scores will be returned to their previous standings and nobody will get wacked by these companies.

Sorry for the rambling,..., but I am stunned.


C-Span is a great way to see what the Congress does...