Discussion in 'Credit Talk' started by creditwork, Mar 24, 2001.

  1. creditwork

    creditwork Well-Known Member

    My score, about 465 maybe, does anyone care?
    I don't. I have over $140,000 in personal credit and continue to get line increases and lower APR offers, do not dispair on your score. Exercise your credit and it will not matter what your score is. Do get a credit report and make sure it is accurate and work on reducing your debt and increasing your income.
  2. Dallas

    Dallas Guest

    How is that score possible with good credit??
  3. Cadillac408

    Cadillac408 Well-Known Member

    Maybe he is almost maxed out on his cards?

    Check this out: My friend has Cap1, Aria, Associates, Macy's, auto loan, 1 collection for $120, and a ton load of inquiries and her score (told to her by an insurance agency) is 515. I was cracking up when she told me that the agent said that 515 was fair! HA! When I told her that score labled her as *high risk*, she couldn't believe it. She really couldn't believe it when I told her mine was 605. I told her that her score was low because all of her cards are almost maxed out and the high number of inquiries. I may have derogatory stuff on my reports but my debt ratio is relatively low
  4. JacquiG

    JacquiG Well-Known Member

    Oh please, that is not Herb!
  5. JacquiG

    JacquiG Well-Known Member

    Or maybe it is??
  6. creditwork

    creditwork Well-Known Member

    It is. I made up the score. My point is, I don't care what my score is. I control enough credit and you could too.

    Deal from strentgh, exercise your credit.
  7. deleted

    deleted Guest

    If your score goes way down not only can your CC creditors raise your APR,they WILL reduce available credit to minimize there risk.

    Why do you think Creditors regularly do account reviews?

    I DO NOT agree with this policy but unfortunately true.

    Also if your score falls to a 465 you will not "continue to get line increases and lower APR offers"

    Just my .02 cents/sense
  8. deleted

    deleted Guest

    P.S. I know this stinks but this even holds true for "Fixed" APR's.A cc company has to only give you a 15 day notice and can & will raise APR on "fixed" rate card's!!
  9. creditwork

    creditwork Well-Known Member

    If you deal from strentgh you will never have rates increase. I use MBNA on a regular basis because they always offer great teaser rates. I use them and when the rate goes up to their astronomical 19+ APR, I pay them off. They raise my limits and offer me another teaser rate, that is exercising my credit and ignoring FICO.

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