How can bad credit be good?
June 19th, 2010
2 comments
Bigfoot asked:
My best friend 2 years ago filed for bankruptcy. She was forced to close all her accts. She had delinquincies in her report. She got a credit card for bad people with a low revolving line. In 2 years she has 4 credit cards and a good credit score. I have an unsecured credit card with a $300 limit (not even close to being maxed out) and another card on a debt management program. For 3 years I have paid more than the minimum on each card (the $300 card and paid MORE than what debt mgmt. co negotiated) I have always paid before the due date. I have a school loan that I pay on time all the time and never missed a payment. Her credit score is EXPONENTIALLY higher than mine while mine has staid in the high 500’s for a long time. AND when I just applied for a store credit card I got denied. I asked if my $300 limit card could be raised to $500 – and was denied. My 3 credit reports from last week don’t show anything out of the ordinary. I cant figure out why I was denied credit.
Karl
My best friend 2 years ago filed for bankruptcy. She was forced to close all her accts. She had delinquincies in her report. She got a credit card for bad people with a low revolving line. In 2 years she has 4 credit cards and a good credit score. I have an unsecured credit card with a $300 limit (not even close to being maxed out) and another card on a debt management program. For 3 years I have paid more than the minimum on each card (the $300 card and paid MORE than what debt mgmt. co negotiated) I have always paid before the due date. I have a school loan that I pay on time all the time and never missed a payment. Her credit score is EXPONENTIALLY higher than mine while mine has staid in the high 500’s for a long time. AND when I just applied for a store credit card I got denied. I asked if my $300 limit card could be raised to $500 – and was denied. My 3 credit reports from last week don’t show anything out of the ordinary. I cant figure out why I was denied credit.
Karl