Comments on: Your Lifestyle May Hurt Your Credit Score

By: Lisa P

Lisa P — Tue, 02 Dec 2008 08:28:21 +0000

How do mistakes you’ve done affects your life even up to your present living? I will relate my experience with regards of this. I’m planning on getting free credit repair assistance to reverse the damage done by my past financial decisions. I have done a lot of stupid stuff with my money, and it has ruined my credit. I have made all the mistakes you can make when it comes to money. I’ve never been a good budgeter, so there were times when I would spend money on things I didn’t need and when it came time to pay my bills, I couldn’t. One unpaid bill turned into two, and before I knew it I was getting phone calls from the collectors almost every day. On top of my unpaid bills, I was making out my credit cards and struggling to pay the minimum payments. I am so deep in debt, and I desperately need help. Not only do I have to deal with the stress of paying off my debt and dealing with collectors, having bad credit prevents me from borrowing money when I really need it. I am in no way prepared to buy a house or a car, but if that time ever comes, my tarnished financial history is going to haunt me. Even if I can get approved for a loan, my interest rates will be a lot higher because of my credit history. I will end up paying significantly more for my purchase. I am working hard to pay off my debts, and I have started to make better decisions when it comes to money. I even have a budget now. Unfortunately, my credit rating is still horrible, so I’ve been looking into my options to help improve it. Luckily for me, I can get free credit repair help; it’s going to help increase my credit score, and it won’t cost me anything. I must be thankful to free credit repair for this good opportunity that was given to me. I can change my future, and I can again start my plans with peace of mind. Click to read more on Free " target="_blank">http://personalmoneystore.com/moneyblog/2008/11/2...Credit Repair.

By: Roundup and Link Love - Economic Meltdown Edition | The Wisdom Journal

Roundup and Link Love - Economic Meltdown Edition | The Wisdom Journal — Sat, 27 Sep 2008 05:03:24 +0000

[...] How many pay NO income tax @ All Financial Matters Your lifestyle may hurt your credit score @ Credit Withdrawal Sell your home fast in a buyer’s market @ Gather Little By Little [...]

By: Scott @ The Passive Dad

Scott @ The Passive Dad — Wed, 10 Sep 2008 02:22:05 +0000

I can remember the first and only time I was rejected for a credit card at Macey’s. I was 22, had a job and had established credit, but was denied after applying for one of the teaser cards. It was probably the best thing that ever happened to my credit. I really shouldn’t have applied for another card at 22.

By: PF Roundup — Hurricane vs. Job Edition

PF Roundup — Hurricane vs. Job Edition — Sun, 07 Sep 2008 14:27:06 +0000

[...] Withdrawal has discovered that credit card companies judge us as much on our lifestyle as anything. How you spend affects their view of your [...]

By: Randall

Randall — Sat, 30 Aug 2008 17:29:14 +0000

@Llama, Couldn’t agree more. The banks can’t tell the difference between responsible spending (got a bonus, want to blow a little of it) and irresponsible spending (planning on declaring bankruptcy anyway, why not max out the CCards?).

Both look the same from the outside. It’s not their concern what you purchase, but it is their concern if they don’t think you can pay it back. It’s a VERY fine like there. With card companies struggling and competition still fierce in the Credit Card Wars, I’m expecting things like this to continue unfortunately. I don’t particularly like the idea of them making credit determinations based on my purchases myself.