Community Chat

[stilltamn8r]

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

Yes, debt-to-income ratio can matter way more than numerical credit score...

[LilacTree]

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

Many years ago while I was still working and making good money, my scores were always excellent, over 800. I never had a problem getting a mortgage or buying a car, etc. I also had about eight or ten cards which I always paid more than the minimum payment. So I was handling my debt well, but I had a lot more debt then than I do now.

I now have only three cards with very low balances. However, I am much older, retired, and I have no idea if these credit agencies have access to my health records . . . that would be a good thing to find out. However, I think all of that probably factors in also.

[dandyoo]

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

I think it's the percentage of the credit limit that matters. It's better to have a high limit and not go anywhere near it.

[gazelle77]

On 3/27/2014 Ford1224 said:

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

Many years ago while I was still working and making good money, my scores were always excellent, over 800. I never had a problem getting a mortgage or buying a car, etc. I also had about eight or ten cards which I always paid more than the minimum payment. So I was handling my debt well, but I had a lot more debt then than I do now.

I now have only three cards with very low balances. However, I am much older, retired, andrecords . . . that would

I have no idea if these credit agencies have access to my health

be a good thing to find out. However, I think all of that probably factors in also.

I think they have a lot of access to more than we would like them to......

[straykatz]

On 3/27/2014 Ford1224 said:

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

Many years ago while I was still working and making good money, my scores were always excellent, over 800. I never had a problem getting a mortgage or buying a car, etc. I also had about eight or ten cards which I always paid more than the minimum payment. So I was handling my debt well, but I had a lot more debt then than I do now.

I now have only three cards with very low balances. However, I am much older, retired, and I have no idea if these credit agencies have access to my health records . . . that would be a good thing to find out. However, I think all of that probably factors in also.

No and why would they? However, unpaid medicals bills that end up in collection can show on your report if that collection agency reports the debt.

[151949]

On 3/27/2014 dandyoo said:

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

I think it's the percentage of the credit limit that matters. It's better to have a high limit and not go anywhere near it.

Actually it is bad to have unused available credit. It is best to have low borrowing limits on cc debt , and not carry any balances (pay it off totally each month) . Then establish your credit with a big ticket loan like a car or furniture that you pay above the monthly minimum each month.

[gazelle77]

On 3/27/2014 straykatz said:

On 3/27/2014 Ford1224 said:

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

Many years ago while I was still working and making good money, my scores were always excellent, over 800. I never had a problem getting a mortgage or buying a car, etc. I also had about eight or ten cards which I always paid more than the minimum payment. So I was handling my debt well, but I had a lot more debt then than I do now.

I now have only three cards with very low balances. However, I am much older, retired, and I have no idea if these credit agencies have access to my health records . . . that would be a good thing to find out. However, I think all of that probably factors in also.

No and why would they? However, unpaid medicals bills that end up in collection can show on your report if that collection agency reports the debt.

because credit cards are no different than a loan... plus they are insecured credit... they want to know as much about you as possible to see if anything could affect your paying them back. Companies have access to everything... they just pay for it. So next time you fill out one of those health histories at your doctor... and tell them everything... know that what they tell you is private is NOT PRIVATE AT ALL.

Your private Information is sold on the open market like stocks.

[stilltamn8r]

On 3/27/2014 happy housewife said:

On 3/27/2014 dandyoo said:

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

I think it's the percentage of the credit limit that matters. It's better to have a high limit and not go anywhere near it.

Actually it is bad to have unused available credit. It is best to have low borrowing limits on cc debt , and not carry any balances (pay it off totally each month) . Then establish your credit with a big ticket loan like a car or furniture that you pay above the monthly minimum each month.

You are wrong-

[LilacTree]

On 3/27/2014 straykatz said:

On 3/27/2014 Ford1224 said:

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

Many years ago while I was still working and making good money, my scores were always excellent, over 800. I never had a problem getting a mortgage or buying a car, etc. I also had about eight or ten cards which I always paid more than the minimum payment. So I was handling my debt well, but I had a lot more debt then than I do now.

I now have only three cards with very low balances. However, I am much older, retired, and I have no idea if these credit agencies have access to my health records . . . that would be a good thing to find out. However, I think all of that probably factors in also.

No and why would they? However, unpaid medicals bills that end up in collection can show on your report if that collection agency reports the debt.

I do not have any unpaid medical bills. I do not have any unpaid anything except small monthly balances on my cards, as I said. None of my three cards are in any way delinquent, and I do not owe any medical bills either. I agree, I wouldn't think they would have access to my health records because of the HIPA laws. But I do know they have me shown as "retired," and I think that has an effect on one's score.

[bathina]

On 3/27/2014 gazelle77 said:

On 3/27/2014 straykatz said:

On 3/27/2014 Ford1224 said:

On 3/27/2014 gazelle77 said:

Yes- it is kind of confusing... you can have too much credit and look bad, or not have enough or any and look bad. Having a good income does not hurt. Owing a lot on your cards even if you pay on time can really knock your score down. Better to have just a few cards, not have too high a limit on each card, and not owe a lot on those cards.

Many years ago while I was still working and making good money, my scores were always excellent, over 800. I never had a problem getting a mortgage or buying a car, etc. I also had about eight or ten cards which I always paid more than the minimum payment. So I was handling my debt well, but I had a lot more debt then than I do now.

I now have only three cards with very low balances. However, I am much older, retired, and I have no idea if these credit agencies have access to my health records . . . that would be a good thing to find out. However, I think all of that probably factors in also.

No and why would they? However, unpaid medicals bills that end up in collection can show on your report if that collection agency reports the debt.

because credit cards are no different than a loan... plus they are insecured credit... they want to know as much about you as possible to see if anything could affect your paying them back. Companies have access to everything... they just pay for it. So next time you fill out one of those health histories at your doctor... and tell them everything... know that what they tell you is private is NOT PRIVATE AT ALL.

Your private Information is sold on the open market like stocks.

Is this a serious post?