When applying for a loan, mortgage, or credit card, do creditors/loan officers take into consideration that you have a sub-prime vs. prime card? If they do think it's important....How can they look at your interest rate, security deposit, or tell the difference? ...or, do they simply see that you have revolving credit.?...period.
There's been much debate is to what prime credit card companies look for. If memory serves me right one poster wrote here that MBNA will take manual look at your cc and if you have the likes of Cross County on your report, MBNA will hold that against you. I think one indication of your creditworthiness is how much total credit you have access to. It's hard to have 5k total cl when you have a wallet of sub-prime stuff. As for the secured cc, not sure how that plays. Best regards, Mirage
