I’m being inundated by e-mails and comments that people’s FICO scores seem to be dropping mysteriously for no reason.   People don’t appear to be late on any payments and not increasing debt or credit lines so what’s happening?

I’m beginning to wonder if the banks are involved in these shenanigains as many credit card banks have been increasing interest rates on consumers credit card because of the financial crisis.   So if FICO artificially drops people’s scores then bank can “justfy” raising rates right?

Unfortunately, the banks are largely supported by tax payer dollars right now so why are consumers paying higher interest rates AND higher taxes to support these banks?   This is the scam of the century if you ask me.   The poor suckers that carry credit card debt are being screwed twice:  higher interest rates and higher taxes.   The banks?   They get rewarded twice:  Huge profits when the gamble pays off, bailout when it doesn’t and now higher interest on credit card loans.

And the people keep bending over and taking it…..I just don’t get it.

I just unloaded all my credit card debt and have ZERO credit card debt other than the routing stuff that floats on my AMEX monthly.   I’m curious to see what my December FICO will show.   My score has been continously dropping for the past three months for no apparent reason.