I admit I lurk but recently something happened that I felt I had to shout about.
A little background - we became debt free in 2000 when we paid off our house and land. A few months later I checked our credit reports to make sure they reflected this fact. Our mortgage company showed we had been VERY late with one payment - totally false. I pulled my records and low and behold discovered that the month they said we were late they did not even own our mortgage, they took it over the next month. Luckily I had proof of this and after many calls and letters it was cleared up. But that is not my current point.
We have a Mastercard we use for buying gas at the pump and emergencies. I total our tickets and pay them before the bill even arrives - great credit right? Wrong. We requested a credit line increase a couple of weeks ago and last week were turned down. The reason, not enough credit reflecting regular payments on our report. So, paying early, paying extra and not owing anyone was not good enough. The fact that we always pay them in full was not good enough. DH says they don't like people like us because they don't make interest off us, yet they do pay a 1% rebate in Phillip 66 products. :
I will add that a friend ran a current credit report and score for us and DH's is 791 and mine is 796 so that is not the problem. The friend, who is a loan officer, said it is not uncommon for a woman's score to be higher than her husband's since he usually has more credit items.
SAHW
Stay-At-Home-Wife
A little background - we became debt free in 2000 when we paid off our house and land. A few months later I checked our credit reports to make sure they reflected this fact. Our mortgage company showed we had been VERY late with one payment - totally false. I pulled my records and low and behold discovered that the month they said we were late they did not even own our mortgage, they took it over the next month. Luckily I had proof of this and after many calls and letters it was cleared up. But that is not my current point.
We have a Mastercard we use for buying gas at the pump and emergencies. I total our tickets and pay them before the bill even arrives - great credit right? Wrong. We requested a credit line increase a couple of weeks ago and last week were turned down. The reason, not enough credit reflecting regular payments on our report. So, paying early, paying extra and not owing anyone was not good enough. The fact that we always pay them in full was not good enough. DH says they don't like people like us because they don't make interest off us, yet they do pay a 1% rebate in Phillip 66 products. :
I will add that a friend ran a current credit report and score for us and DH's is 791 and mine is 796 so that is not the problem. The friend, who is a loan officer, said it is not uncommon for a woman's score to be higher than her husband's since he usually has more credit items.
SAHW
Stay-At-Home-Wife