Comments on: How To Improve Your Credit Score In 3 Easy Steps http://thesmarterwallet.com/2010/how-to-improve-your-credit-score/ Money Tips, Consumer News and Product Reviews To Improve Your Finances Mon, 21 May 2012 23:40:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matthew http://thesmarterwallet.com/2010/how-to-improve-your-credit-score/#comment-18585 Matthew Tue, 11 May 2010 15:54:36 +0000 http://thesmarterwallet.com/?p=11514#comment-18585 I think the credit system is completely broken. If you lose your job or have a divorce, you can never recover. 8 years later and i'm still considered a "credit risk" even though I have not even attempted to have debt since my troubles. The troubles never go away, none of the good stuff gets reported and ultimately, the credit score is a sham. I have 2 cars and a home, all up to date. My debt to income ratio is good, yet still i'm told that I cannot borrow money simply because of my credit score. If a person's ebay feedback only ever showed the negatives, only people who have zero negatives would get to bid and sell effectively. Sooner or later in life, something's going to happen to you negatively. Sometimes its out of your control. I feel like I'm at the mercy of my credit score. Now, hospital bills are thrown against your credit as well. Hospital bills and student loans have destroyed my ability to get a credit card or borrow any money, and apparently even get a good job. Without a good job, i can't fix my credit score. How ridiculous is this? I think the credit system is completely broken. If you lose your job or have a divorce, you can never recover. 8 years later and i’m still considered a “credit risk” even though I have not even attempted to have debt since my troubles. The troubles never go away, none of the good stuff gets reported and ultimately, the credit score is a sham. I have 2 cars and a home, all up to date. My debt to income ratio is good, yet still i’m told that I cannot borrow money simply because of my credit score.

If a person’s ebay feedback only ever showed the negatives, only people who have zero negatives would get to bid and sell effectively. Sooner or later in life, something’s going to happen to you negatively. Sometimes its out of your control. I feel like I’m at the mercy of my credit score. Now, hospital bills are thrown against your credit as well. Hospital bills and student loans have destroyed my ability to get a credit card or borrow any money, and apparently even get a good job. Without a good job, i can’t fix my credit score. How ridiculous is this?

]]> By: The Rat http://thesmarterwallet.com/2010/how-to-improve-your-credit-score/#comment-15422 The Rat Sun, 21 Feb 2010 20:37:45 +0000 http://thesmarterwallet.com/?p=11514#comment-15422 I find that the way credit scores are calculated are nebulous at best, and the agencies have a lot of leverage/leeway to provide scores that are not entirely accurate. I once received 'credit reports' to verify the change in my credit score as I borrowed more, paid credit down, and also eliminated credit. I find the system is very slow and sometimes unresponsive for long periods of time to reflect actual changes. I find them impractical in a lot of ways. Also, I found an error on one of my reports and the level of bureaucracy involved to make the change official made the task virtually insurmountable and I left it alone for the headache that it involved, it wasn't worth it! Nice thread! I find that the way credit scores are calculated are nebulous at best, and the agencies have a lot of leverage/leeway to provide scores that are not entirely accurate.

I once received ‘credit reports’ to verify the change in my credit score as I borrowed more, paid credit down, and also eliminated credit. I find the system is very slow and sometimes unresponsive for long periods of time to reflect actual changes. I find them impractical in a lot of ways.

Also, I found an error on one of my reports and the level of bureaucracy involved to make the change official made the task virtually insurmountable and I left it alone for the headache that it involved, it wasn’t worth it!

Nice thread!

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