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This is a philosophical question, "Am I my credt profile?"
I will refer to Plato's Allegory of the Cave, and say that yes I am my credit profile.
I would fully agree, with the caveat that many/most lenders do have information outside of the CRs that is specific to that one lender. For instance, if you burned a lender in the past (even if that acct is off your CRs), banks internal scores, etc. So that may seem 'personal' to some, but it's still just your specific 'profile' with them.
Yes, it is worth noting that banks have the ability to keep information internally that isn't on your CR. If you've ever had an account with a bank, even if it was 10-20 years ago, they're going to have information as to the status of that account and it could certainly impact their lending decision today.
Well I strongly dislike AmEx and I really REALLY dislike Comenity - I don't think they care, neither do I
I little bit more on-subject, I don't know if I'm guilty of using said phrases but if I am it's more a figure of speech than an actual emotion. I never take "business" personal, and the lender-borrower relationship is just a business one.
@pipeguyI little bit more on-subject, I don't know if I'm guilty of using said phrases but if I am it's more a figure of speech than an actual emotion. I never take "business" personal, and the lender-borrower relationship is just a business one.
I think many fall into this category above, but there are definitely those out there that really take these business relationships personal and often let emotions take over.
@Anonymous wrote:I think most people get this, but I think it's a thread-worthy topic. Almost every day on this forum I see threads with people saying that a lender "hates" them, or someone saying that a lender "loves" them. I know it's all a figure of speech for the most part, but there are times that emotions I think play into these situations too much and cloud judgment.
Someone gets denied a CLI and posts, "Discover hates me." Someone else gets a huge CLI and posts, "Amex loves me." Someone has had a Capital One card for 4 years that's stuck at a $1000 limit and they post, "Capital One hates me." Someone else gets an APR reduction on their card and writes, "Citi loves me."
The inclusion of "me" into the above examples makes it personal, thus allowing emotions to get involved. I simply think it's important to understand that it's all about one's profile and it's not personal. Again, I think most of us get this, but there are times where you can tell that people are completely taken over by emotion and it can get to the point of being irrational.
''Chase hates me. I've applied 3 times for one of their cards and always get denied. I've never burned them in the past and it's BS that they won't get me a shot. I'm done trying. If they don't like me, I'll take my business elsewhere."
Just an example above. It's not personal, it's just something in this person's profile that Chase doesn't find appealing. Maybe it's being > 5/24. Maybe it's a ton of inquiries. Perhaps negative items present or high utilization. There's always a reason. And, the reason isn't personal.
While it's easily to get quickly emotionally invested in these things (no doubt I've been guilty of that) we all have to remember that it comes back to our credit profile and the best thing you can do is continue to educate yourself on this forum and push forward on strengthening that profile.
My fav saying "I love all my banks or Credit Cards" the feelings are positive however it's all about math not an emotional response
in dealing with many of my banks over the phone my emotions are kept in check because it's not personal as you pointed out also being
approved or denied is based on mathematical calculations either positive or negative + or - etc. You've touched on a good topic as usual your knowledge is admirable thank you! for being so helpful around here.