topic Re: Do you have Compulsive Credit Seeking Disorder (CCSD)? in General Credit Topics

Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:42:38 GMT

Compulsive Credit Seeking Disorder (CCSD) is a real disorder that may point to underlying problems in your life. For some people, the act of constantly seeking and establishing credit is an escape/defense mechanism from other issues in their life. It falls under the greater umbrella of Obsessive Compulsive Disorders (OCD).

Symptoms of CCSD include:

Applying for new credit even when you obviously don't need it
Going on app sprees
Frequent CLI requests
Going out of your way to artificially improve your score such as through frivolous disputes to the CRAs etc.
Having 6 or more hard inquiries on your report within a 12 month period
Daily pulling of ones credit report
Obsession over UTI ratio, balances reporting, etc.
Reading sites like MyFico and CB religiously.

Treatment for CCSD include getting the victim to acknowledge that they have a problem and helping them find and address the root cause of the disorder in their life.

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:24:29 GMT

@Anonymous wrote:
Compulsive Credit Seeking Disorder (CCSD) is a real disorder that may point to underlying problems in your life. For some people, the act of constantly seeking and establishing credit is an escape/defense mechanism from other issues in their life. It falls under the greater umbrella of Obsessive Compulsive Disorders (OCD).

Symptoms of CCSD include:
Applying for new credit even when you obviously don't need it
Going on app sprees
Frequent CLI requests
Going out of your way to artificially improve your score such as through B* , frivolous disputes to the CRAs etc.
Having 6 or more hard inquiries on your report within a 12 month period
Daily pulling of ones credit report
Obsession over UTI ratio, balances reporting, etc.
Reading sites like CB religiously.
Treatment for CCSD include getting the victim to acknowledge that they have a problem and helping them find and address the root cause of the disorder in their life.

I have got close to 6 inquires in rebuilding.

I only worry about Util when planning an app.

I gave up on the CB board years ago ( Too much false info, bad advice, and obnoxious posters).

However

I do spend a little too much time on this board.

And I keep an ongoing credit improvement plan that looks several years ahead.

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:29:51 GMT

@Anonymous wrote:
Compulsive Credit Seeking Disorder (CCSD) is a real disorder that may point to underlying problems in your life. For some people, the act of constantly seeking and establishing credit is an escape/defense mechanism from other issues in their life. It falls under the greater umbrella of Obsessive Compulsive Disorders (OCD).

Symptoms of CCSD include:
Applying for new credit even when you obviously don't need it
Going on app sprees
Frequent CLI requests
Going out of your way to artificially improve your score such as through B* , frivolous disputes to the CRAs etc.
Having 6 or more hard inquiries on your report within a 12 month period
Daily pulling of ones credit report
Obsession over UTI ratio, balances reporting, etc.
Reading sites like CB religiously.
Treatment for CCSD include getting the victim to acknowledge that they have a problem and helping them find and address the root cause of the disorder in their life.

That describes the majority of people on this board! Me included!! LOL!!

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

andre181 — Thu, 03 Jan 2013 19:33:15 GMT

This is definitely me. Those are some very hard habits to break.

Also, be careful mentioning B* here. That is one topic that is not allowed.

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

webhopper — Fri, 04 Jan 2013 02:37:21 GMT

@Anonymous wrote:
Compulsive Credit Seeking Disorder (CCSD) is a real disorder that may point to underlying problems in your life. For some people, the act of constantly seeking and establishing credit is an escape/defense mechanism from other issues in their life. It falls under the greater umbrella of Obsessive Compulsive Disorders (OCD).

Symptoms of CCSD include:
Applying for new credit even when you obviously don't need it
Going on app sprees
Frequent CLI requests
Going out of your way to artificially improve your score.
Having 6 or more hard inquiries on your report within a 12 month period
Daily pulling of ones credit report
Obsession over UTI ratio, balances reporting, etc.
Reading sites like CB religiously.
Treatment for CCSD include getting the victim to acknowledge that they have a problem and helping them find and address the root cause of the disorder in their life.

Omg according to this I do have it!

Applying for new credit even when you obviously don't need it (Yes, I applied for a Lowes card even though I really don't need additional credit )
Going on app sprees: Yes, last app spree was 1/1/12, it was a mini Amex one.
Frequent CLI requests: Guilty
Going out of your way to artificially improve your score. (i do not do this)
Having 6 or more hard inquiries on your report within a 12 month period: YES!
Daily pulling of ones credit report: Daily pull of 3 bureau report
Obsession over UTI ratio, balances reporting, etc.: Yes
Reading sites like CB religiously. I read MyFico religiously... I do not read CB

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:43:38 GMT

@webhopper wrote:
@Anonymous wrote:
Compulsive Credit Seeking Disorder (CCSD) is a real disorder that may point to underlying problems in your life. For some people, the act of constantly seeking and establishing credit is an escape/defense mechanism from other issues in their life. It falls under the greater umbrella of Obsessive Compulsive Disorders (OCD).

Symptoms of CCSD include:
Applying for new credit even when you obviously don't need it
Going on app sprees
Frequent CLI requests
Going out of your way to artificially improve your score such as through B* , frivolous disputes to the CRAs etc.
Having 6 or more hard inquiries on your report within a 12 month period
Daily pulling of ones credit report
Obsession over UTI ratio, balances reporting, etc.
Reading sites like CB religiously.
Treatment for CCSD include getting the victim to acknowledge that they have a problem and helping them find and address the root cause of the disorder in their life.
Omg according to this I do have it!

Applying for new credit even when you obviously don't need it (Yes, I applied for a Lowes card even though I really don't need additional credit )
Going on app sprees: Yes, last app spree was 1/1/12, it was a mini Amex one.
Frequent CLI requests: Guilty
Going out of your way to artificially improve your score such as through B* , frivolous disputes to the CRAs etc. (i do not do this)
Having 6 or more hard inquiries on your report within a 12 month period: YES!
Daily pulling of ones credit report: Daily pull of 3 bureau report
Obsession over UTI ratio, balances reporting, etc.: Yes
Reading sites like CB religiously. I read MyFico religiously... I do not read CB

I don't know what CB is, but I am with you in reading MyFico religiously! I don't do frivolous disputes either. Everything else is definitly me!

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:44:30 GMT

I have it too. That's why I started the thread. I wonder what causes one to develop CCSD in the first place?

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

kclb — Thu, 03 Jan 2013 19:44:50 GMT

I plead the 5th.

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:46:06 GMT

You don't have to have every single symptom. Having three or more is a sign that you have the disorder.

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

jsickz32 — Thu, 03 Jan 2013 19:46:25 GMT

*raises both hands*

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:49:41 GMT

@Anonymous wrote:
You don't have to have every single symptom. Having three or more is a sign that you have the disorder.

There is no question that I have it. I even know what the underlying cause is for me. I am totally competitive and I see the credit business as a game that I want to win! Once I conquer 800+, I'll move on to the next competition!

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:52:08 GMT

@Anonymous wrote:
Compulsive Credit Seeking Disorder (CCSD) is a real disorder that may point to underlying problems in your life. For some people, the act of constantly seeking and establishing credit is an escape/defense mechanism from other issues in their life. It falls under the greater umbrella of Obsessive Compulsive Disorders (OCD).

Symptoms of CCSD include:
Applying for new credit even when you obviously don't need it
Going on app sprees
Frequent CLI requests
Going out of your way to artificially improve your score such as through frivolous disputes to the CRAs etc.
Having 6 or more hard inquiries on your report within a 12 month period
Daily pulling of ones credit report
Obsession over UTI ratio, balances reporting, etc.
Reading sites like MyFico and CB religiously.
Treatment for CCSD include getting the victim to acknowledge that they have a problem and helping them find and address the root cause of the disorder in their life.

After considering the criteria listed, I'd have to say no.

I don't apply for credit that I don't need. The only true app spree that I went on was for four cards, but it was a well planned endeavor to add specific, well targeted cards to my portfolio for long term use, and to replace rebuilder cards. And I do NOT engage in frivilous disputes or other such tactics, nor do I recommend that others do so, as these are unethical credit repair strategies.

Do I spend a good deal of time monitoring my reports, util and balances, and participating on this forum? Yes. But this is so that I can stay on top of my credit, learn more from others and share what I've learned. None of those activities is directly associated with seeking new credit, however.

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:54:54 GMT

@Anonymous wrote:
@Anonymous wrote:
You don't have to have every single symptom. Having three or more is a sign that you have the disorder.
There is no question that I have it. I even know what the underlying cause is for me. I am totally competitive and I see the credit business as a game that I want to win! Once I conquer 800+, I'll move on to the next competition!

Exactly, I am in the same boat as you. I see this as a game. I also get a thrill from it. My goal is to have $250, 000+ in total credit and 770+ scores across the board.

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 19:58:34 GMT

@andre181 wrote:
This is definitely me. Those are some very hard habits to break.

Also, be careful mentioning B* here. That is one topic that is not allowed.

Yes, I see that the OP went back and removed this from the original post. But I'd like to take this opportunity to put forth a gentle reminder about myFICO forum policies regarding discussing unethical credit repair strategies:

"Credit Repair

FICO Forums is intended to provide helpful and useful tips for managing credit and understanding FICO scoring. This is not the place to exchange “credit repair” advice that encourages consumers to provide untrue or misleading information to a credit bureau or lender for the purpose of raising FICO scores or otherwise improving credit ratings, credit histories or credit records. Such material may be edited or removed, and egregious or repeat offenders will be banned from future participation in FICO Forums."

"Going out of your way to artificially improve your score such as through frivolous disputes to the CRAs etc." would also fall under the category of unethical credit repair strategies, so let's tread carefully here. Thank you.

Re: Do you have Compulsive Credit Seeking Disorder (CCSD)?

Anonymous — Thu, 03 Jan 2013 20:23:08 GMT

No.

TU, EX, and EQ only have 4 inquiries in the last year.

Want to close cards.

Got booted from CB for calling them out on man-bashing, LOL!