topic Egyptian in General Credit Topics

Egyptian

MontegoMack — Tue, 02 Aug 2016 00:59:52 GMT

What does the "egyptian" reference mean??

Re: Egyptian

Anonymous — Tue, 02 Aug 2016 01:22:50 GMT

@MontegoMack wrote:
What does the "egyptian" reference mean??

Being an "Egyptian" is kind of a self-depricating term that we say on these boards if you get denied by a creditor for Pyramiding.

Pyramiding has a few definitions... taken on too much credit too fast - can be a concern to creditors if you happen to eventually use it all.

Also and more probably accurate is when someone pays off existing debt w/new credit and repeat it over and over again. Creditors will deny if they believe that they are seeing this kind of trend in your credit reports and worry that the creditor does not have the income to support the debt on persons file.

So we joke on the boards that we were denied for being an "Egyptian"

It does not mean its true.. its just how some of us may be perceived.

Sometimes, it takes a little explaining to the bank to be able to recon such a denial.

Re: Egyptian

MontegoMack — Tue, 02 Aug 2016 01:24:05 GMT

Thank you!

Re: Egyptian

Grafton88 — Thu, 04 Aug 2016 01:45:11 GMT

Denial isn't just a river in Egypt.

Re: Egyptian

Anonymous — Thu, 04 Aug 2016 01:51:39 GMT

You are soooo funny ! Ha Ha !

Re: Egyptian

takeshi74 — Thu, 04 Aug 2016 13:10:20 GMT

@MontegoMack wrote:
What does the "egyptian" reference mean??

Answered above but don't overlook site restricted Google searches. Example relevant to your question:

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=egypitan%20site%3Aficoforums.myfico.com

Re: Egyptian

LShan82 — Mon, 10 Oct 2016 17:22:27 GMT

Ahhh I was wondering what this meant.