applying nonstop

princeromeo · ‎08-16-2007

within the last two weeks i wanted some retail cards i applyed for samsclub walmart home depot and lowes

lowes 600.00

home depot 500.00

samsclub discover 5000.00

walmart 500.00

walmart and lowes pulled equifax and sams and home depot pulled tu scores were tu 728 equifax 740 by the way i love this board

Anonymous · ‎08-16-2007

Nice catch on the discover! :-)

Anonymous · ‎08-16-2007

Don't you hate when you read something then can't remember where your read it?

I well I read article somewhere, that department store cards and consumer finance(companies that loan money that aren't banks) factor negatively in the 10% credit mix part of your score.

apparently they are considered "lesser forms" of credit, I think it goes on the premise

"What's your problem that won't deal with a bank or have a major credit card"

but they don't know your only doing it to get the discount..

Message Edited by rbbyrbsn on 08-16-2007 11:21 AM

fused · ‎08-16-2007

rbbyrbsn wrote:

Don't you hate when you read something then can't remember where your read it?

I well I read article somewhere, that department store cards and consumer finance(companies that loan money that aren't banks) factor negatively in the 10% credit mix part of your score.

apparently they are considered "lesser forms" of credit, I think it goes on the premise

"What's your problem that won't deal with a bank or have a major credit card"

but they don't know your only doing it to get the discount..

Message Edited by rbbyrbsn on 08-16-2007 11:21 AM

Consumers Finance Loans = FICO doesn't like em

Department Store Cards = FICO wants to see one or two

Anonymous · ‎08-16-2007

fused111 wrote:

Consumers Finance Loans = FICO doesn't like em
Department Store Cards = FICO wants to see one or two

Fused, this may be a stupid question but...what exactly are "Consumer Finance Loans"? Example?

Tessa

Anonymous · ‎08-16-2007

tessarue wrote:

fused111 wrote:

Consumers Finance Loans = FICO doesn't like em
Department Store Cards = FICO wants to see one or two

Fused, this may be a stupid question but...what exactly are "Consumer Finance Loans"? Example?

Tessa

I'm not 100% on this , but I think when a companies extend credit directly rather than a bank. they are giving you IOU, vs a car dealership that gets their money from bank and you have a IOU for the bank

Anonymous · ‎08-16-2007

Anyone know how to " ask "FICO" I'm interested in the topic of store cards, should I be looking for a store I like and get their card to PIF to add to credit portfolio

fused111 wrote:

rbbyrbsn wrote:
Don't you hate when you read something then can't remember where your read it?

I well I read article somewhere, that department store cards and consumer finance(companies that loan money that aren't banks) factor negatively in the 10% credit mix part of your score.

apparently they are considered "lesser forms" of credit, I think it goes on the premise

"What's your problem that won't deal with a bank or have a major credit card"

but they don't know your only doing it to get the discount..

Message Edited by rbbyrbsn on 08-16-2007 11:21 AM
Consumers Finance Loans = FICO doesn't like em
Department Store Cards = FICO wants to see one or two

fused · ‎08-16-2007

rbbyrbsn:

Read this!

http://en.wikipedia.org/wiki/Consumer_finance

MidnightVoice · ‎08-16-2007

fused111 wrote:
rbbyrbsn:

Read this!

http://en.wikipedia.org/wiki/Consumer_finance

Examples of these companies include HSBC Finance, CIT, CitiFinancial, Wells Fargo Financial,

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

fused · ‎08-16-2007

MidnightVoice wrote:

fused111 wrote:

rbbyrbsn:

Read this!

http://en.wikipedia.org/wiki/Consumer_finance

Examples of these companies include HSBC Finance, CIT, CitiFinancial, Wells Fargo Financial,

My wife had a very bad experience with CITI Financial some years back. They're reallllllly sleazy!