I have a equifax 753 Transunion of 774 and experian of 765. I found a little toyota truck last week borrowed off my card to get remainder of what I needed. My banker said come on from Palmetto Bank in Abbeville SC we will do installment that will help put a second installment on your credit and help it. I went the next week I have all reports locked down. She ask me everything I owed but failed to calculate my debt to income based off what I told her. She acted as If unlock we are ready to finish up. Once she pulled she said wow I had no idea it would factor in your lease. Jane you been a banker 25 years what does that mean. It's means it throws your comps off i can't loan you the 5000. Jane please don't tell me you just did a hard inquiry on me and did not figure this first. She screams at me. How was I to know. You're a banker that's how it's addition then division. I called home office Trish said she could not fix it. This will blow 50-75 points off a score I've worked on 7 years. I plan to contact ceo next week and an attorney not just for this but the harassment this woman has put me through for 6 years. 17 year employee just quite because of her I called her to ask her why she left bank after this ordeal.
Palmetto Bank home office in Laurens, Sc and Greenville proves it not always good to deal with a small town bank. Truck is for sale to keep from carrying over 10% on 2 cards. I have no choice after this. I've learned after mortgage meltdown scores mean little income everything. Even head woman in Laurens told me 720 is all we need for good rates. Income and 720 will get you any mortgage.
(Edited to remove what seemed to be a first and a last name. Only first names are allowed. Thanks guys.)
Starting FICO Score 2007: >> >> 533 -- God those were some Dark Days !! 
Some comments:
Too many specific names. Edit to remove them / anonomize them.
10% on a credit card interest is not bad. When charging anything to a credit card, the basic agreement should be, this amount might be on this credit card for a very long time.
Are you sure your scores are going to drop 50+ points for an inquiry? Somehow I doubt it. An attorney seems a bit much for this incident, I'm not aware of anything they could do to restore FICO points.
Did you check with any other lenders, like a local Credit Union for other ways to migitate the interest cost? Other qualified lenders do exist.
Good luck!
Thanks for the response but yes with a hard inquiry and 4000 of a 9500 card used 1500 of a 4500 cl card used yes I know it will drop 50. Even Trish said you know your fico yes you are probably going to lose 50 points. The attorney is for the way this woman has screamed and talked to me for 6 years. I wish I had checked with credit Union because that is where my banking is going as soon as I can get payroll changed and automatic drafts changed over. Jane has been in banking for 25 years at Palmetto to not run the number before the pull I feel was vile. She is really that evil acting. The 17 year employee told me Jane was the main reason she left Palmetto Bank. I'm leaving as customer to a credit union next week. Any ideas or stick with a local credit Union ?
NOT JUST AN INQUIRY IT'S 44% UTILIZATION on 2 credit cards and yes its going to burn 40-50 % off my fico.
Read my entire post so you understand what happen. The cash advance on CC was suppose to be temp until I could get to bank. Please read the post yen respond
No crap ? I would have never guessed that. Like you said you're no expert. I've been coming here 6 years and run my credit scores daily I know what burns points trust me.
