topic Re: One more post - a word of advice to those who are addicted to these things in Credit Cards

One more post - a word of advice to those who are addicted to these things

Anonymous — Mon, 22 Aug 2011 23:32:47 GMT

I hadn't planned on coming back here. My position has become that I want to be rid of credit cards. I don't carry debt on them, and I don't like the companies and their bizarro world games period. My view is I've already bailed them out, and I have NO doubt whatsoever that give them another 15 or 20 years and I'll be doing it again, hopefully for the last time before I die. I worked for them, so I KNOW for a fact just how Mod cut up they are. (Let's just say I'd NEVER work for them again. EVER).

Now having said that, and feeling this way, it seems I can't escape them so fast. I was told to apply for AMEX Corporate at work because I will need to travel. And I was thinking oh gee this is great, now AMEX can decline me again and ding my score yet again, only this time now I look like a deadbeat to my employer. I'm not, and I can show them my reports and my scores, which are anything but deadbeat territory (though you'd never know it from the rejections) but who says they will even care once I'm declined? They may simply decide that means I'm a deadbeat and can me. I've heard of this happening before.

So, now I'm just hoping these Mod cut things don't cause me to become jobless and homeless to boot. I sure love the credit card companies.....NOT. At the very least I'm in for some humliation, but I can handle that (it's all part of dealing with low life scum like them). I just hope it cost me my job or my career at my company.

And for all the rabid judgementalists out there who will be saying OH THIS IS PROOF YOU ARE A LOSER AND SCUMBAG YOUR CREDIT MUST BE HORRIBLE - BS! My scores on 8/12 were 763 and 758. I can prove it. If you wanna sit there with your infinite wisdom and god-like intelligence and act like you have all the answers regardless of what the facts are, well that's terrific for you, but your delusions aren't reality. So save them and spare the rest of us from them. I don't care to hear it. I just wanted to get that out there now as I've had people act like they know me and everything about me and they don't know Mod cut

My point here is, be careful of where you apply and how often and all that, or you could end up hurting yourself in ways you didn't think of, like this.

Hopefully this helps someone else.

Edited to remove profanity.

MarineVietVet, myFICO moderator

Re: One more post - a word of advice to those who are addicted to these things

Anonymous — Mon, 22 Aug 2011 23:30:25 GMT

Dude,

I'd need dry underwear if my score ever hit 763!

Re: One more post - a word of advice to those who are addicted to these things

hyprble — Mon, 22 Aug 2011 23:37:00 GMT

@Anonymous wrote:
Dude,

I'd need dry underwear if my score ever hit 763!

lol!

Re: One more post - a word of advice to those who are addicted to these things

Anonymous — Mon, 22 Aug 2011 23:48:15 GMT

Sadly, that score really doesn't give you a hell of a lot, I've found. People read WAY more into the score than they should. I can assure you the vulture I mean credit card companies don't really put THAT much emphasis on them, I am living proof of that.

Re: One more post - a word of advice to those who are addicted to these things

Anonymous — Tue, 23 Aug 2011 00:01:06 GMT

It's easy to have a good score with a thin file. There are countless threads and articles here that will tell you there is more to credit worthiness than a FICO score. Someone with a 20 year history and a score of 720 will get more approvals and better rates/CL than someone with a 760 and a 5 month history.

Re: One more post - a word of advice to those who are addicted to these things

Anonymous — Tue, 23 Aug 2011 00:02:59 GMT

Also, not to pick a fight, but I don't think anyone in the history of credit cards been fired because their credit card app got declined.

Re: One more post - a word of advice to those who are addicted to these things

Anonymous — Tue, 23 Aug 2011 00:30:49 GMT

I had a Corporate Diners Club Card issued to me when I had way, way, way worse credit. Usually with a corportate card, they are issued to your company and you are an authorized use® on the account and get your own subaccount. So you kind of get one automatically. They also usually have an extended payment period (60 days instead of 30) so you have time to submit your expense reports. Also, the company you work for usually pays them directly once you submit your expenses. Not sure if this is the same for Amex.

Re: One more post - a word of advice to those who are addicted to these things

Anonymous — Tue, 23 Aug 2011 00:40:15 GMT

@Anonymous wrote:
I hadn't planned on coming back here. My position has become that I want to be rid of credit cards. I don't carry debt on them, and I don't like the companies and their bizarro world games period. My view is I've already bailed them out, and I have NO doubt whatsoever that give them another 15 or 20 years and I'll be doing it again, hopefully for the last time before I die. I worked for them, so I KNOW for a fact just how Mod cut up they are. (Let's just say I'd NEVER work for them again. EVER).

Now having said that, and feeling this way, it seems I can't escape them so fast. I was told to apply for AMEX Corporate at work because I will need to travel. And I was thinking oh gee this is great, now AMEX can decline me again and ding my score yet again, only this time now I look like a deadbeat to my employer. I'm not, and I can show them my reports and my scores, which are anything but deadbeat territory (though you'd never know it from the rejections) but who says they will even care once I'm declined? They may simply decide that means I'm a deadbeat and can me. I've heard of this happening before.

So, now I'm just hoping these Mod cut things don't cause me to become jobless and homeless to boot. I sure love the credit card companies.....NOT. At the very least I'm in for some humliation, but I can handle that (it's all part of dealing with low life scum like them). I just hope it cost me my job or my career at my company.

And for all the rabid judgementalists out there who will be saying OH THIS IS PROOF YOU ARE A LOSER AND SCUMBAG YOUR CREDIT MUST BE HORRIBLE - BS! My scores on 8/12 were 763 and 758. I can prove it. If you wanna sit there with your infinite wisdom and god-like intelligence and act like you have all the answers regardless of what the facts are, well that's terrific for you, but your delusions aren't reality. So save them and spare the rest of us from them. I don't care to hear it. I just wanted to get that out there now as I've had people act like they know me and everything about me and they don't know Mod cut

My point here is, be careful of where you apply and how often and all that, or you could end up hurting yourself in ways you didn't think of, like this.

Hopefully this helps someone else.
Edited to remove profanity.

MarineVietVet, myFICO moderator

Huh??? All I remember reading here were cordial posts providing sound advice, which you are either free to accept or ignore. I just don't understand the attitude.

Re: One more post - a word of advice to those who are addicted to these things

kmkchris1 — Tue, 23 Aug 2011 00:48:20 GMT

@Anonymous wrote:
Dude,

I'd need dry underwear if my score ever hit 763!

I'm almost at that point too LOL

Re: One more post - a word of advice to those who are addicted to these things

haulingthescoreup — Tue, 23 Aug 2011 04:40:18 GMT

@Anonymous wrote:

Huh??? All I remember reading here were cordial posts providing sound advice, which you are either free to accept or ignore. I just don't understand the attitude.

OP, we all understand that you're feeling, ummm, peevish. You have excellent credit; just not very much of it, and therefore lenders are hesitant to take you on. That's just kinda the way things are these days.

You've gotten lots of friendly input about how to fatten up your credit history and thereby become more attractive to lenders.

Obviously, you are perfectly free to take the advice or totally disregard it, but (1) stop acting like people have treated you badly, because they haven't and (2) stop acting like you're a helpless victim, because you aren't. You now have the information you need to improve your situation. Your choice as to whether to try it out.

Fix your situation or don't; whatever.

Meanwhile, I would think that you'd qualify for a corporate AmEx very easily.

If you do get the card (kicking and screaming, no doubt), realize that it won't be on your own reports unless you mess it up in a major fashion. That's because the credit was extended to your employer, not to you.

--seriously, I'm perfectly fine with people who choose not to use credit. Chacun a son gout. But it does get old reading the ranting and railing posts.

Good luck to you in whatever the heck you decide to do, and I mean that sincerely.

Re: One more post - a word of advice to those who are addicted to these things

Anonymous — Tue, 23 Aug 2011 13:13:20 GMT

If you were declined and then your employer pulled your report and found tons of collections, bankruptcy, late payments, etc, I would be worried. Being declined simply for not having enough of a credit history is no big thing. If your employer pulls your credit report, they will see that and I would not worry about losing your job over this.

Chill pill time. I know it's stressful, but it will be fine.

Re: One more post - a word of advice to those who are addicted to these things

score_building — Tue, 23 Aug 2011 15:52:50 GMT

@haulingthescoreup wrote:
@Anonymous wrote:

Huh??? All I remember reading here were cordial posts providing sound advice, which you are either free to accept or ignore. I just don't understand the attitude.
+1

OP, we all understand that you're feeling, ummm, peevish. You have excellent credit; just not very much of it, and therefore lenders are hesitant to take you on. That's just kinda the way things are these days.

You've gotten lots of friendly input about how to fatten up your credit history and thereby become more attractive to lenders.

Obviously, you are perfectly free to take the advice or totally disregard it, but (1) stop acting like people have treated you badly, because they haven't and (2) stop acting like you're a helpless victim, because you aren't. You now have the information you need to improve your situation. Your choice as to whether to try it out.

Fix your situation or don't; whatever.

Meanwhile, I would think that you'd qualify for a corporate AmEx very easily.

If you do get the card (kicking and screaming, no doubt), realize that it won't be on your own reports unless you mess it up in a major fashion. That's because the credit was extended to your employer, not to you.

--seriously, I'm perfectly fine with people who choose not to use credit. Chacun a son gout. But it does get old reading the ranting and railing posts.

Good luck to you in whatever the heck you decide to do, and I mean that sincerely.

ATTITUDE IS EVERYTHING.