Oh, this sucks
Feb. 4th, 2009 12:30 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mousmeSo in spite of being a Very Good Citizen for upwards of two years, my credit rating is still in the toilet because of stuff that happened in 2004-2006.
I found this out because (shock! horror!) I tried to increase my credit card limit from $500 to $1,000. Not a huge leap, eh? I got refused. Even the guy was confused, since I pay my credit card off every month without failing. I never ever carry a balance (maybe the credit card company would rather I did that, so that they can charge me that 24% interest they love so much).
Apparently none of this will go away until 2012, no matter how good a citizen I am and in how timely a fashion I pay my bills. It's almost as long as if I'd declared bankruptcy. Sheesh.
So it doesn't matter at all that I'm solvent, that I pay all my bills on time, that all my finances have been well-managed for two years, and that I have an above-average salary. No no no, bad Phnee! Three years ago you were bad about your bills because you didn't have money. *smack*
You want to hear the worst part? My credit score actually went DOWN this year because I took out an RRSP loan. Isn't that a hoot? I have extra income to put away for my retirement (far away though it might be), I make my payments on time like a good girl, and it HURTS my credit score.
I can't win.
On the plus side, at least now I know why my credit score went down. When the credit card guy told me my score had suffered this year, I had a moment of panic. I hear stories of identity theft every day at work, after all. So at least no one has opened up three lines of credit in my name or anything like that.
Still, I'm not amused.
On another plus side, 2012 was my rough timeline for buying a house. So by the time I get around to looking for a place, my credit score should be back where it belongs.
I found this out because (shock! horror!) I tried to increase my credit card limit from $500 to $1,000. Not a huge leap, eh? I got refused. Even the guy was confused, since I pay my credit card off every month without failing. I never ever carry a balance (maybe the credit card company would rather I did that, so that they can charge me that 24% interest they love so much).
Apparently none of this will go away until 2012, no matter how good a citizen I am and in how timely a fashion I pay my bills. It's almost as long as if I'd declared bankruptcy. Sheesh.
So it doesn't matter at all that I'm solvent, that I pay all my bills on time, that all my finances have been well-managed for two years, and that I have an above-average salary. No no no, bad Phnee! Three years ago you were bad about your bills because you didn't have money. *smack*
You want to hear the worst part? My credit score actually went DOWN this year because I took out an RRSP loan. Isn't that a hoot? I have extra income to put away for my retirement (far away though it might be), I make my payments on time like a good girl, and it HURTS my credit score.
I can't win.
On the plus side, at least now I know why my credit score went down. When the credit card guy told me my score had suffered this year, I had a moment of panic. I hear stories of identity theft every day at work, after all. So at least no one has opened up three lines of credit in my name or anything like that.
Still, I'm not amused.
On another plus side, 2012 was my rough timeline for buying a house. So by the time I get around to looking for a place, my credit score should be back where it belongs.
