Credit is weird

Lounge
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I had good credit from using a credit credit card for years. I stopped using it for awhile, and shortly after buying my house, I went from having good credit, to nothing on my report. Since the activity expires and all.

It is building back up a bit from house payments now, but its just weird.

When you really need it, they dont want to give it too you.

It almost seems like the goal, because they want a variety of credit used to give you a good score, is to overextend you on credit and put you into debt. Maybe thats a bit cynical , but it kind of seems that way based on how they score you.

Anyway, I am back to Fair credit again thanks to overpayments on house.

How is your credit or what do you think of the way they rate you?

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yea banks make money from debt. They aint in it to be nice guys lol

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No it’s not cynical, that’s exactly what they do. Think about it, you need debt to get more debt and when you can’t pay it back they charge you even more.

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My credit is in the excellent range. It probably won’t get higher because although I’ve never missed a credit card payment, like you said, they score you on how many different types of credit you have i.e. mortgages, loans, car payments etc. All I have is credit cards.

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My credit score is 820 or Excellent. And I don’t need it. And that’s why it’s so high.