Once upon in America, a guy like me could walk into a Bank, ask for a loan from people
who made decisions right in front of you. Credit scores have always been with us. And if
someone had a question concerning your credit, you could answer right away. You didn't
always get what you wanted, but someone would listen.
I had excellent credit for twenty years, then a series of events made my score drop to a number around 500. It was bad. It has taken years for me to have my score deep in the 700 range.
My reasons for lousy credit were many, living too well was not one of them. I l found
that getting a good auto insurance rate, type of car you drove, where you lived and what you would pay was all determined by a number. You rarely would have a chance
to explain what happened because the machine decided you were a bad risk.
Credit is easier now and everyone wants me to use their card. I use a Visa card and that is about it. Gas cards don't count. Everyone needs a card like that I would think.
I resent the questions that happened six or seven years ago. If I have 20 good ratings
from companies, I will always have to explain what happened 7 years ago. Now if your
after a certain job,your credit is checked, My car insurance company recently checked
my credit. I am asking why because I have never missed a payment.
I was paying cash for my sons medical needs, and I asked for an increase on my credit
line. I was turned down not because I have EVER missed a payment on the loans I had
in the past with them, I have access to credit from a card which would give me the chance to spend too much money. The fact that the card had a 0 balance didn't matter,'
I switched banks and got the credit line I wanted.
American business has computers you talk to before itdecides if you can talk to a real person. Mobile phone companies, Comcast, Electric companies all do that; Stay away from a bank and join a Credit Union,they can be cheaper,depending on how much money you have or don"t leave in your account.
Unless you"re applying for a job in a bank,or directly dealing with money, your credit rating is part of your personal life. Companies should not be allowed to check it. Are
you Gay? Are you a Christian?Every person should have a right to privacy.
Personal relationships are needed in this country when it comes to banks or the job your
applying for. People have problems:its called life. people need the chance to explain
themselves, or try and be judged on who you are right now,not what happened years ago.
Pay your bills on time. Something negative that happened to you years ago can hurt you
and you many times will have no chance to explain. Companies make millions charging
high rates on any loan you may need.
If you find yourself with bad credit,take $300 and put it in a savings account and get
a secured credit card. Be sure and make every payment. Soon the bank will release 'its
hold on your money and you have established a good credit rating. If you need a payday
loan, borrow it from a bank.
A Credit Union is where you should bank. Big banks want people with money who will always have cash in their bank, I have relatives who manage Credit Unions. My Sister
is the C.E,O of five branches for one.She has given loans to many with bad credit. People were so thankful to her,the loans were paid as agreed,99% of the time. She
want"s customers to call her by her first name.
Save your money and pay for things with cash if you can. I will pay
cash next time I buy a car, I will buy a used car,not a new one. Value stays longer.
Take it from me, pay your bills,and deal with a local Credit Union. I am a graduate of the school of stupidy and hard lessons. I now share my story
with hopes that you will nver let credit issues keep you from your goals!