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Grex > Finance > #8: Why do credit problems continue after money problems are gone? | |
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| Author |
Message |
kaplan
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Why do credit problems continue after money problems are gone?
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Feb 16 20:31 UTC 1994 |
My friend's first two credit cards, Sears and JC Penny's, were both
revoked in the bad old days when she was not earning quite as fast
as she was spending. Now she has paid off those cards and she has a full
time job with benefits and pretty good pay.
She filled out a Discover card application and was declined. So, what
more does she need to do besides catch up on her bills and have a decent
job before she can get credit? Should the next step be apply for Visa and
Master Card and hope? Apply for other store and gas station cards and
hope? Contact TRW?
Who around here has recovered from bad credit?
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| 11 responses total. |
omni
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response 1 of 11:
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Feb 17 04:09 UTC 1994 |
Depends on how long that event happened. I would think the logical step
would be for her to get a secured card and work from there. If too many
checks are on the record, I know that can be a negative factor in
trying to get approved.
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chelsea
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response 2 of 11:
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Feb 17 15:07 UTC 1994 |
First thing I'd do is ask for a copy of my credit report to make
sure it's accurate. She may have been rejected because of an error.
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scarr
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response 3 of 11:
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Feb 21 04:07 UTC 1994 |
Try your luck with the "pre-approved" credit cards. The best way I have found
to get these is to get your name known to major credit card companies via
mailing lists. For example, I "subscribe" to GQ, Esquire, Wall Street Journal,
and various engineering trade journals. Every month or so I get a "pre-appr
d" credit card app in the mail. I was late a few years ago on a JCPenneys and
Lord and Taylor card, and still to this day I couldn't get a Discover card or
any other card through normal channels to save my life. But by responding to
pre-approved CC apps I have 2 Visas and 3 MCs, one of them a Gold MC. Go figur
e!!!
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omni
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response 4 of 11:
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Feb 21 04:57 UTC 1994 |
Today's Freep gives TRW's toll-free line so you can get your credit report.
I also believe that the report is free, if you have applied for credit,
and have been turned down.
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chelsea
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response 5 of 11:
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Feb 22 15:19 UTC 1994 |
I missed Sunday's Detroit Free Press, Jim. Would you have that
number available to post here?
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omni
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response 6 of 11:
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Feb 22 20:08 UTC 1994 |
I can dig it up, and I'll post it later on tonight.
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omni
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response 7 of 11:
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Feb 24 05:12 UTC 1994 |
TRW- 1-800 682-7654
Eqifax- 1-800 685 1111
Trans Union 1-216-779-7200
Credit reports are free if you have been denied credit.
The 216 area code is for the Clevelanarea.
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chelsea
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response 8 of 11:
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Feb 26 00:42 UTC 1994 |
Thanks, mucho.
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omni
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response 9 of 11:
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Feb 26 05:05 UTC 1994 |
you're welcome
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mjs
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response 10 of 11:
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Feb 26 07:34 UTC 1994 |
Anybody got the sports section? (;
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omni
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response 11 of 11:
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Feb 26 21:04 UTC 1994 |
As a matter of fact, yes.
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