Credit Card Reprehensibility Number 2

[Anonymous]

On my last post someone told me that posters come to this forum for advice and not criticism. My response to that what if the advice would be more proactive instead of reactive maybe they would not need this forum so much. It's not a criticism it's a suggestion every one is their own keeper. Many people have excellent credit and come here to drive up their scores. These are not the people I'm talking obviously you are financially responsible.

My suggestion is that maybe we should be giving better advice. Not advice about what Credit cards you get approved for or not. Instead we should take a different approach and help people build their credit in other ways so they can be approved for any card they want.

When did a credit card become your right? A credit card is a reward from a lending institution that decided that you were financial reponsible enough to cover the line of credit that they extended.

ALL I'm saying is accountability and financial responsibility are the key to getting ANY CC you want.  

[manyquestions]

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@Anonymous wrote:

When did a credit card become your right? A credit card is a reward from a lending institution that decided that you were financial reponsible enough to cover the line of credit that they extended.

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Who has been posting that a credit card has become a right? I think thats a straw man argument.

[MsKiwi]

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@Anonymous wrote:

On my last post someone told me that posters come to this forum for advice and not criticism. My response to that what if the advice would be more proactive instead of reactive maybe they would not need this forum so much. It's not a criticism it's a suggestion every one is their own keeper. Many people have excellent credit and come here to drive up their scores. These are not the people I'm talking obviously you are financially responsible.

My suggestion is that maybe we should be giving better advice. Not advice about what Credit cards you get approved for or not. Instead we should take a different approach and help people build their credit in other ways so they can be approved for any card they want.

When did a credit card become your right? A credit card is a reward from a lending institution that decided that you were financial reponsible enough to cover the line of credit that they extended.

ALL I'm saying is accountability and financial responsibility are the key to getting ANY CC you want.  

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That's what I thought this forum was all about. I'm not seeing what you are suggesting.

Just wanted to add that this isn't a meant to be argumentative, just the way I see this forum.

Message Edited by MsKiwi on 11-07-2008 08:59 AM

[Anonymous]

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@Anonymous wrote:

On my last post someone told me that posters come to this forum for advice and not criticism. My response to that what if the advice would be more proactive instead of reactive maybe they would not need this forum so much. It's not a criticism it's a suggestion every one is their own keeper. Many people have excellent credit and come here to drive up their scores. These are not the people I'm talking obviously you are financially responsible.

My suggestion is that maybe we should be giving better advice. Not advice about what Credit cards you get approved for or not. Instead we should take a different approach and help people build their credit in other ways so they can be approved for any card they want.

When did a credit card become your right? A credit card is a reward from a lending institution that decided that you were financial reponsible enough to cover the line of credit that they extended.

ALL I'm saying is accountability and financial responsibility are the key to getting ANY CC you want.  

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I agree with the general premise of your posts. and maintainly fiscal responsibility, accountability, etc. However, we are dealing with a double-edged sword here.  No matter what the circumstances are of some folks who have found themselves in debt, or with scores below their goal, the only way to rebuild your credit IS to OBTAIN credit.  If we all got credit for paying our utlitiy bills on time, etc. then that would be another story, but we don't. So whether or not it irks you in some way that people coming out of bankruptcy are looking for cards to get approved for, what other option do they have to effectively and responsibly start building their credit? 

[fused]

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ddd wrote:

On my last post someone told me that posters come to this forum for advice and not criticism. My response to that what if the advice would be more proactive instead of reactive maybe they would not need this forum so much. It's not a criticism it's a suggestion every one is their own keeper. Many people have excellent credit and come here to drive up their scores. These are not the people I'm talking obviously you are financially responsible.

My suggestion is that maybe we should be giving better advice. Not advice about what Credit cards you get approved for or not. Instead we should take a different approach and help people build their credit in other ways so they can be approved for any card they want.

When did a credit card become your right? A credit card is a reward from a lending institution that decided that you were financial reponsible enough to cover the line of credit that they extended.

ALL I'm saying is accountability and financial responsibility are the key to getting ANY CC you want.  

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What "other" ways do you suggest?

[jmbfl]

1) Credit is a business and business is business!

2) Proactive advice = preaching! Leave the credit preaching to DR.

EDITED! Sorry, jmbfl, but we are not allowed to post a link to DR's web site. Thank you for your understanding! 

If I see one other post in here regarding DR Flava will come out to play!

Message Edited by fused on 11-07-2008 07:29 AM

[jmbfl]

To clarify what I said in the other thread go here:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=125867#M125867

and then here:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=126456#M126456

Message Edited by jmbfl on 11-07-2008 09:43 AM

[jmbfl]

Okey dokey! Easy enough to find. I don't want to proslytize the guy anyway. Ew!

Peace sir!

[Anonymous]

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@fused wrote:

What "other" ways do you suggest?

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I was wondering the same thing, fused! 

For those who've never had credit problems, I'm going to assume you need no sermons on financial responsibility, and I sincerely applaud you.  For those who have had credit blemishes, they know that sermons are not what's needed, but rather a plan of action to repair the credit and move past their mistakes while learning from them.  Anyone knowledgeable about credit can easily tell you the basic equation for a good credit report:

the absence of major negative items + the presence of good payment history = good credit

Both components are essential for good credit.  It's not enough to get bad things off your report, you must also establish good payment history through positive tradelines.  Once an account is CO, even if you are "accountable" and pay it, it will hurt your credit as long as it stays on your report.  To dilute the effect of such negatives, it is a MUST that you open new tradelines to compensate.  That's why so many rebuilders on the forum are encouraged to open a modest amount of new tradelines and to keep them squeaky clean.  As the OP has suggested, it's also not sufficient to merely open a gazillion new tradelines.  You must also be fiscally responsible and avoid adding any new negatives that could undo the positive effects of the new tradelines.

[Anonymous]

These forums, at least the credit card threads, seem to be split in quarters for subject content.

1. It's a game I (no particular person) enjoy playing, learning little details on how to drive my scores up. It just interest me.
2. I've had bad times and was clueless outside of the obvious that there were many areas where I did have power to tip the financial scales away from the institutions and into my favor. This place is teaching me how to hold my head up.
3. I'm in a mess and I want to know how to get out of it. I need a credit card and the knowledge how to handle it responsibly and/or I need a lower interest rates and information on how to pay down my debt.
4. I want as many credit cards as I can get so I can load those puppies to the brim with all that free money. Tell me how I can get more. I want more, gimme gimme.

All are welcome here but I sure wish we would never see #4. 1/3 of us are and have always been #1. 2/3 of us have been any or all of #2-4.