You may even be subject to increased interest rates on existing debt as a result of declining credit scores. (creditpilgrim.com)
Its a HUGE oversight / loop hole of added insult to our failing e economy as MANY on time paying customers in good standing have declining credit scores due to» high balances»!!! (creditaddict.com)
According to the Demos study: 31 percent of households who have had a member out of work for two months or longer in the past three years, reported that their credit score had declined over the same period of time; households that include someone without health coverage were twice as likely to report declined credit scores; and 23 percent of indebted households raising children described their credit scores as poor, compared with 12 percent of indebted households without kids. (debt.org)