On Sun, 05 Dec 1999, Cynthia wrote:
>
> As far as I can see, credit card companies don't care diddly about how much
> money you have in the bank. I remember being turned down for every credit
> card I applied for, until I stayed at a single job for an entire year,
> despite the fact that I had 20K in the bank.
Yep. I found this out the hard way. The best way to have a good credit rating is to project the profile of an average, boring American. It doesn't matter how much money you have or make; if you don't meet their profile of "normal", you don't get credit. I always considered myself to be a good credit risk. No debt, lots of income, positive net worth, etc.
After a couple absurd and embarrassing incidents regarding my credit or lack thereof, I constructed the illusion of having a "normal" financial profile to see if I could get credit. Sure enough, two years later I have all the credit I could possibly use, despite the fact that the only thing I've changed is the way my profile looks on a computer. Ridiculous.
-James Rogers
jamesr@best.com