Credit History

created by weasello

(thing) by weasello (5.5 mon) (print) ? I like it! Fri Aug 03 2001 at 15:58:26

Credit history is a backwater system that needs to be revamped.

Way back when in my youth (oh so long ago, me being 21 now) I bounced a few cheques. It was a stupid mistake; I had just cleaned out a bank account and opened a new one at a different bank, and I wrote my rent and bills off of my old account. Just a stupid mistake.

Not only did I have $100 in service charges, but the receivers of my cheques got $100 in service charges which they in turn re-charged me. Then my bank suspended all transactions until they got their money, and my bill-makers did likewise.

That was about 4 years ago.

I lived with the mistake and I'm not ranting about that. What really pissed me off was the credit history.

I am now trying to live on my own, start a life with a wonderful girlfriend, getting our own place, buying furniture... Heck, even thinking about children (long run! long run!). And I can't get a loan, can't get a credit card.

How am I going to build up my credit history to GET a credit card/loan?

Simple... Get a credit card or a loan, of course.

WAIT WAIT WAIT! Do we all see the problem here?

Of course, I have other options available to me. I can get The Bay Card, or a Canadian Tire card. Paying those cards off would get me a good credit history.

But - when one doesn't shop at huge national chain department stores, what is one to do?

I dealt with my problems the day after I got word from my bank - I transferred money over, paid the bills in person in the office the next day - et cetera. I think credit history should take corrections into account. Stupidity. And the grand colossalness of my mistake made the next 10(?) years of my life more difficult.

I feel like I'm on welfare when I can only buy a couch if I save for 4 months.

Edit: I found a small solution to my credit history problems. May not work for all. ;)

Update: It turns out I'm completely out of luck. Wal-Mart and Future Shop both declined me a card.

printable version
chaos

What to do if you have bad credit	The Three C's of Credit	credit card debt	Equifax
How to scrape for cash	Tampon Applicator	Four finger salute	They try to be quiet but you know they are there with their weird coppery breath.
FreeBSD	welfare	Payday loan	Future Shop
NACLC	Canadian Tire	Tesa	Money

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