Originally Posted by SleazyDream

i don't get credit companies. i scored a 685 - i was shocked.

i checked my file and I have no debt over 30 days - all bills paid and all credit card debts are paid in full every month. but the balance if often substaintial so even though it's paid in full every month (and often paid off a couple times a month) I'm told that the fact that it's credit card debt - even though it's regular monthly bills that are always paid in full - kills my raiting.

There is nothing on my rating about my average bank balance or any bank balance or real estate holdings.

the good thing is when i leased my mercedies I asked about this upfront - and it wasn't an issue. never missed any payments so never had a problem with mortages or the like either. they issued my lease the moment it hit the credit desk without question. (this was a $1250/month payment with nothing down)

other than mortages and my car lease i don't really care about my rating as I have the 3 credit cards i need - visa, MC and amex and i'm not about collecting several of the same cards although i suppose you COULD say I have 2 visa's since i do have an epassporte card....

i suppose if i checked my rating the day after i paid my cards off before the next month's bills come in my rating SHOULD be golden then....