[Default User]

Omelet wrote:

> In article >,
> "Default User" > wrote:
>
> > Omelet wrote:
> >
> > > In article >,
> > > "Default User" > wrote:
> > >
> > > > Then they lied to you. Two major components of your FICO score
> > > > are debt to credit ratio and length of credit. Closing hurts
> > > > both of those.
> > >
> > > Not when you had 6 of them.
> >
> > That's absolutely untrue. You have bad information.
> >
> > > The greater the credit availability, the greater the risk.
> >
> > That's not how Fair-Isaac evaluates it. Add cards, your FICO goes
> > up.

> Sorry babe, but I'll believe the bank that owns my house and does the
> actual credit scores.

See, you're confused. The bank doesn't do your credit scores anymore.
They use FICO. Everybody uses FICO.

> The loan officers at the bank are what count. Not internet sites
> trying to sell you credit cards.

Did you look at that site? They don't issue cards. They are the
Fair-Issac Company, the one that invented the credit score and issues
them to lenders, based on the information available in the credit
reports issued by Transunion, Experien, and Equifax. In fact, you have
three FICO scores, as the information in credit reports from the three
often varies somewhat. A lender will typically only look at one.

> They want you to believe what you believe so they can make more money
> off of you. I've reduced myself to 2 Visa cards.

You're just flat out mistaken. I'm sorry, but you got bad advice or you
misunderstood what you told. Look anywhere about credit scores.

> Things are looking up now for the first time in 10 years.

I don't know what more to say. You're willfully blinding yourself.
There's a wealth of information out there on the subject. You should
educate yourself.

I'm not going to bother arguing further with you, as you seem unwilling
to listen.

Everybody else, DON'T listen to her. She's just dead wrong about how
credit is issued and credit scores are determined.




Brian

--
If televison's a babysitter, the Internet is a drunk librarian who
won't shut up.
-- Dorothy Gambrell (http://catandgirl.com)

[Omelet]

In article >,
"Default User" > wrote:

> I'm not going to bother arguing further with you, as you seem unwilling
> to listen.

As do you.

I believe the loan officer at the bank. The one that actually loans me
money and sets the interest rates.

That is what counts in the real world.

Thanks.
--
Peace, Om

Remove _ to validate e-mails.

"My mother never saw the irony in calling me a Son of a bitch" -- Jack Nicholson

[Default User]

Omelet wrote:

> In article >,
> "Default User" > wrote:
>
> > I'm not going to bother arguing further with you, as you seem
> > unwilling to listen.
>
> As do you.

The difference is, I've researched it, not relied on what one person
told me.



Brian

--
If televison's a babysitter, the Internet is a drunk librarian who
won't shut up.
-- Dorothy Gambrell (http://catandgirl.com)

[Omelet]

In article >,
"Default User" > wrote:

> Omelet wrote:
>
> > In article >,
> > "Default User" > wrote:
> >
> > > I'm not going to bother arguing further with you, as you seem
> > > unwilling to listen.
> >
> > As do you.
>
> The difference is, I've researched it, not relied on what one person
> told me.
>
>
>
> Brian

So have I.

Extensively.

And I've seen what having multiple Visa cards has done to my credit
score over the past few years.

Now I know why my interest rates have gone up thru what I considered to
be no fault of my own.

Too many freakin' cards and too much available credit which made me a
high risk.

I'm also speaking from experience.
--
Peace, Om

Remove _ to validate e-mails.

"My mother never saw the irony in calling me a Son of a bitch" -- Jack Nicholson

[Default User]

Omelet wrote:

> In article >,
> "Default User" > wrote:
>
> > Omelet wrote:
> >
> > > In article >,
> > > "Default User" > wrote:
> > >
> > > > I'm not going to bother arguing further with you, as you seem
> > > > unwilling to listen.
> > >
> > > As do you.
> >
> > The difference is, I've researched it, not relied on what one person
> > told me.
> >
> >
> >
> > Brian
>
> So have I.
>
> Extensively.

You should be able to point to some of those places then.

> And I've seen what having multiple Visa cards has done to my credit
> score over the past few years.

I have 15+ open accounts, most of which are credit cards. My latest
Transunion FICO score is 817, updated 07/01/2007.

> Now I know why my interest rates have gone up thru what I considered
> to be no fault of my own.

I refinanced in 2001 at 4.875% (15 year fixed). They couldn't go any
lower because the loan amount was too small.

> Too many freakin' cards and too much available credit which made me a
> high risk.

That's not the way it works. My total credit lines, all added up, are
way into the 100s of thousands of available credit, yet you see what my
scores and interest rates are.



Brian

--
If televison's a babysitter, the Internet is a drunk librarian who
won't shut up.
-- Dorothy Gambrell (http://catandgirl.com)