Re:The careless errors of credit reporting agencies
by ThomPete on Sunday September 11, 2016 @06:35PM
(#12476084)
You are talking about two different things.
With regards to credit score, of course, I never said it did.
With regards to getting a first credit card thats simply not true. Maybe if you go into a bank and open an account but if you have had a relationship with that bank for several years it is going to help you get one to begin with. Of course it helps you if you have had a history with the bank. And of course there are americans who can't just get a credit card thats still not what I am talking about.
I know plenty of 18 year olds who never had to deal with what I had and no matter what it doesn't really change anything from my original claim which is that the US credit history system is built on distrust not trust.
Citibank offers customers credit cards based on how much they have on their savings account. So it's simply not true that history doesn't help. Of course it does as it should.
With regards to credit score, of course, I never said it did.
With regards to getting a first credit card thats simply not true. Maybe if you go into a bank and open an account but if you have had a relationship with that bank for several years it is going to help you get one to begin with. Of course it helps you if you have had a history with the bank. And of course there are americans who can't just get a credit card thats still not what I am talking about.
I know plenty of 18 year olds who never had to deal with what I had and no matter what it doesn't really change anything from my original claim which is that the US credit history system is built on distrust not trust.
Citibank offers customers credit cards based on how much they have on their savings account. So it's simply not true that history doesn't help. Of course it does as it should.