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George, what gives?

Discussion in 'Credit Talk' started by CardKid, Dec 11, 2001.

  1. Dec 11, 2001 #1
    CardKid

    CardKid Well-Known Member

    George,

    I just read that you were denied for a Cap 1 card and your scores are in the 700s. What was the reason for the decline? Have you tried PFB to reach Mr. Cooke?

    CardKid
     
  3. Dec 11, 2001 #2
    PsychDoc

    PsychDoc Well-Known Member

    CardKid, George likes to kvetch about being denied everything even though he has good FICO scores. ("Kvetch," for the uninitiated, is Yiddish for bellyache, piss, moan, and scratch.) The real reason George is denied for everything is because his credit files indicate that he ALREADY HAS CLOSE TO $100,000 IN AVAILABLE LINES OF CREDIT. :) Lenders typically are quite wary of piling onto an accumulation like that irrespective of ones FICO score.

    Oops, sorry, George can speak for himself. Pardon me. :)

    Doc
     
  4. Dec 11, 2001 #3
    CardKid

    CardKid Well-Known Member

    Thanks, Doc.

    George, of that 100k available...how much are you using. Just curious.

    CardKid
     
  5. Dec 11, 2001 #4
    Dani

    Dani Well-Known Member

    I have a feeling he doesn't use a lot of it. He puts most of his cards in his sock drawer.

    Just teasing you, George. :)

    Dani
     
  6. Dec 11, 2001 #5
    bailey

    bailey Well-Known Member

    Oops, sorry, George can speak for himself. Pardon me. :)

    Doc

    Yes I think you should let george speak for himself on this question.
     
  7. Dec 11, 2001 #6
    PsychDoc

    PsychDoc Well-Known Member

    Ok, I won't comment anymore about his large revolving lines of credit.

    Doc :)
     
  8. Dec 12, 2001 #7
    lbrown59

    lbrown59 Well-Known Member

    Yet a a person with 25% of this amount could be 4 times the risk.
     
  9. Dec 12, 2001 #8
    GEORGE

    GEORGE Well-Known Member

    Back in the OLDEN' DAYS...almost $200,000...

    I am just totally amazed that 23+ years of PERFECT payment history means NOTHING...and I have NOT EVER BEEN DENIED BECAUSE OF INCOME...
     
  10. Dec 12, 2001 #9
    CardKid

    CardKid Well-Known Member

    Just curious, why do you have so much credit?

    CardKid
     
  11. Dec 12, 2001 #10
    GEORGE

    GEORGE Well-Known Member

    Some people like fishing...some golf...SOME CREDIT CARDS...

    I SAVE $$$$$$ by using credit cards...
     
  12. Dec 12, 2001 #11
    CardKid

    CardKid Well-Known Member

    If I had that kind of available credit, I'd buy into a franchise like Krispy Kreme or something. That's really impressive.

    CardKid
     
  13. Dec 12, 2001 #12
    brad

    brad Well-Known Member

    Cardkid,you should take what George says with several grains of salt.LOL.
     
  14. Dec 12, 2001 #13
    PsychDoc

    PsychDoc Well-Known Member

    And some pepper too. :)

    Actually, I believe George is telling the truth. The guy just loves having lots (and lots) of credit cards. And, by God he's pissed off that they won't give him twice or even three times as many! Go get 'em, George!

    Doc :)
     
  15. Dec 12, 2001 #14
    GEORGE

    GEORGE Well-Known Member

    When MBNA gives me $30,000+ and CITIBANK and CAPITAL ONE won't even give me $5,000...something is wrong...

    :(
     
  16. Dec 13, 2001 #15
    CardKid

    CardKid Well-Known Member

    George,

    If you are a high flyer (i.e. you have high available revolving credit lines) MBNA wants to be at the top of the card pile. They issue more aggressive lines than any other from my experience with working for them in the past. The only other bankcard issuer that comes close would be First USA.

    If you have 30k available on an MBNA product and your scores and ratios are great, First USA will try to beat it by a few thousand or match it.

    Have you tried First USA yet?

    CardKid
     

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