High FICO, low balances, pay on time? You're likely to Default

[Carlos Flores]

According to this article, http://www.examiner.com/article/the-fico-credit-score-and-strategic-default, researchers have found distinct character traits that identify potential strategic defaulters. They say strategic defaulters typically have higher FICO scores, lower revolving balances, fewer instances of exceeding the limits on credit cards and lower overall retail credit card usage.

So much for being a good financial steward.

[James H.]

Sounds like if you have a high FICO, low balance and pay on time, you should go ahead and ding your credit with a strategic default so you will have crappy enough credit to qualify for a mortgage.