how important is credit history regarding score?

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corgee

Joined: 24 Sep 2009
corgee's page
Posts: 8

183 Magic Points

Subject: how important is credit history regarding score?

Tue Oct 13, 2009 6:41 pm

It seems like credit history has a big part in credit. I don't have too bad of a score but I still have been turned down for multiple credit cards. My score is in the high 600's.
Anything I can do to get around this?
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“..If they were jerks before they had money, they are simply jerks with a billion dollars.”
-WB
::corgee

Justin

Justin

Joined: 17 Jul 2006
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Posts: 1240

28942 Magic Points

Wed Oct 14, 2009 6:57 am

Hi Corgee,

Post recession, creditors and lenders have become a little skeptical about extending loans or credits to people having scores in 600s. You can either get a cosigner to sign the loans along with you or try and improve your score. For doing this, you can get a secured credit card and use it properly, or else you can also get some gas/store cards and pay the bills properly. You might also become a member of credit union. All these will help you to improve your credit score.
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All the Best Smile

Justin

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