It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by charlie0
reply to post by Iamonlyhuman
I used to get a lot of credit cards in mail unsolicited but I used to cut them in pieces and throw them away. Over the years I was forced to use at least debit card. Now my auto Insurance cannot find my credit ratings, consequently they raised my premium. I always paid cash and never used credit cards. It is unfair to be victim for high premium just because Insurance Company cannot find my credit ratings. Even though I have been living in USA for about 40 years and made purchases such as cars and home etc. What can I do to force my Auto Insurance to lower my premium. They just don't want to listen my orgument. I consider this to be a conspiracy against people like me. Yes, it is establishing class system.
Originally posted by Iamonlyhuman
Yeah... do they even offer those anymore? For so long, I've just thrown those offers away because my fixed rate was always better than the fixed rate after the introductory period. I wouldn't be surprised if banks didn't even offer those anymore.
Originally posted by Jay-in-AR
What you may also find happening as a result of these banks using predatory and downright CRIMINAL lending practices is that they no longer have the money to cover the credit they issue and they are reducing your limits WHILE they raise your rates...
What this equates to for you and I is a lower credit rating, even if we don't miss a single payment...
The entire system is a sham at this point, folks. It is time to get worried.
I am so sorry. I think people should start canceling their credit cards,
Closing accounts might hurt your FICO score. Lenders take a hard look at the ratio between the balances on your revolving accounts and your total available credit. If you do have debt, try to keep it to less than 30% of your available credit. (The ideal number here is, of course, 0%.) Go ahead and keep those lines of credit open, but don't be tempted by untouched lines. When you close out open accounts, those credit lines are no longer factored into your ratio. Thus, your debt as a percentage of available credit will increase. Ouch.