Quote:
Originally Posted by SleazyDream
i was in shock when i checked my credit the other month - I was sure i'd have a higher rating. i checked my file and it goes back 7 years with equifaxand not one late payment on anything and tons of things paid off in it's history for $10s of thousands of dollars.
like i said - got a $1000+ car lease no problem the other day and my bank talks to me regurally and has told me I can have piles more money if i want it so I guess it's really not an issue to me. Just shocking to see it soo low is all.  |
Well it's almost not ALL credit score. Don't believe the hype. It's important on mortgages, and things of that nature. But a close number two would be debt to income ratio. I do not have much grief myself now either.
While my money keeps going up, I have not upgraded my car, house, etc. So I am still living well below what I could afford. So they take that huge difference into account as well. Other than my student loan (installment) my only other expense (that shows on credit report) is my credit cards (revolving). But even then, all my debt for a month... food, insurance(s), utilities, gas, rent, etc. for a month totals between $1500-2000. Depending on which insurance is due. So $2000.00 max in expenses unless I treat myself to something.
That plays into it as well.