[graciegirl]

Originally Posted by TVMayor

I wonder if the score was calculated to include the bail dollars paid by the sponge children that live with the parents, that are druggies, shoplift, DUI, drunk and disorderly, and B&E specialist.

Don't you have to have an income, buy something and pay it off on time to have a credit score?

[TVMayor]

Originally Posted by graciegirl

Don't you have to have an income, buy something and pay it off on time to have a credit score?

If mom pays a bond for her son Aldrugo, if the bond is over $1,000 it usually cost 10% of the bond. For example, if bail is set at $20,000, the premium would be $2,000. So depending on how you numerically analyze it you could say mom has increased her credit score. This is a line of credit. If Aldrugo goes to Mexico mow would be required to pay $20,000 and loose the $1,000. If she fails to pay the $20,000, that would hurt our Villages's credit score.

If you follow the on line newspaper you will see this is an everyday credit ratings enhancer.

[Rapscallion St Croix]

Sorry guys. I just caused our score to go down. I closed a savings account, transferred the money to another account, redirected the direct deposit to the new account, and my score dropped ten points.

[TVMayor]

Originally Posted by Rapscallion St Croix

Sorry guys. I just caused our score to go down. I closed a savings account, transferred the money to another account, redirected the direct deposit to the new account, and my score dropped ten points.

[Jim 9922]

The rating doesn't surprise me; lots of old people with lots of money who worked, saved and managed their lives with a sound purpose. It's easy to guess that just by looking at all the "money managers", "wealth advisors", annuity sellers, and stock sellers hovering in and all around The Villages.
And, more bank buildings than even Walgreens and CVS stores!

[Marathon Man]

Originally Posted by The Buckeyes

What surprises me the most and, should be a concern of everyone is how Wallethub was able to obtain all these credit scores.

That was my first thought, also. Then I remembered all of those TV commercials advertising free credit scores. I'm guessing somewhere in the fine print everyone agrees to their information being made available. Nothing is for free. Money is only one way of paying a cost in this communication age.

[TVMayor]

I can not afford credit I have to pay cash.

[dbussone]

Originally Posted by Rapscallion St Croix

Sorry guys. I just caused our score to go down. I closed a savings account, transferred the money to another account, redirected the direct deposit to the new account, and my score dropped ten points.

If you had used an offshore bank account this would not have happened.

Now see what you've done!

[rubicon]

Originally Posted by Sandtrap328

This really does not surprise me at all. A city of around 100,000 comprised mostly of seniors, retired from other parts of the country, have ample money to move full time or snowbird for 6 months equals lots of former income. Add in the intelligence - in most cases - of how to budget and maintain their money.

However, such a national story MAY bring an influx of the scam artists who want to separate us from our money.

Be careful!

Hi Sandtrap: I agree. And, well I tried with my post to deflect attention from us with the would be scammers by citing study reflected the Developer and not The Villages but some folks here just love to show off.o

Seriously speaking I prefer low key and do not like to bring attention to myself. Also I question the study because one of the richest cities in the country is Rochester, MN and it did not even make the list. I lived in the city adjacent to Edina, MN, which made the list, the city in which lived was listed as the best city to live in the country year after year after year by Money magazine. Its nice to get this type of publicity but it is not necessarily true because the criteria are either too subjective or improperly weighted and to me its nthing but "fun facts"

Finally to all you scammers ought there I'm poor! do hear me I'm poor!

[2BNTV]

Born in Westchester County, NY, and at that time Scarsdale had more millionaires per capita. They moved to a town called Larchmont and Larchmont become the richest town in Westchester County. I am suprised Scarsdale is 14th.

Moved from Ct and Darien was always thought of as a rich town. My old city didn't make the cut. Oh Well!

There will always be people who are trying to separate you, from your money!!!

Always be alert!

[goodtimesintv]

I doubt any individual has to worry about where these community average credit scores are obtained.

My first guess would be thru insurance rating bureaus of the locales.

[RickeyD]

Originally Posted by goodtimesintv

Not surprised at all.

It pays to work hard, live within your means, and make sure the bills are always paid before buying non-essentials on credit.

It's evident here in TV that this is how most people got here, to this beautiful place.

Yep.

[rexxfan]

Hm, interesting. I lived for a time in Winchester, MA (#13), went to high school in Belmont, MA (#27), have family that live in Reading, MA (#25) and now I live in The Villages (#1).
--
Bob C

[Chatbrat]

Some Billionaires have lousy credit scores- I have a personal friend who owns over 200 auto dealerships and other holdings- he had to repossess a Gulfstream Jet from Coca-Cola.

Can't divulge , the stories about the multe-millionaire-debt beats-- they try to get free lunches by out lawyering people

[goodtimesintv]

Originally Posted by Chatbrat

Some Billionaires have lousy credit scores- I have a personal friend who owns over 200 auto dealerships and other holdings- he had to repossess a Gulfstream Jet from Coca-Cola.

Can't divulge , the stories about the multe-millionaire-debt beats-- they try to get free lunches by out lawyering people

One is not "all".

There are few if any billionaires in TV besides the developers, who aren't getting any "free lunches" from the smart villagers that form that average credit score for TV.

Any clue as to what level of lending is needed to buy inventory for "200 auto dealerships and other holdings" and pay interest on all that?