posted on May, 31 2018 @ 11:05 AM
Back in 2001 I had a little bit of a credit mess because of college where there were predatory debt collectors that preyed on students and tried to
collect on past debts even after they had been paid (for utilities, phone, cable, internet, water, gas, electric). My graduating year the main bank
in the town was bought for the 2nd time in 30 months and all the electronic copies of checks (which is how banks retained cashed checks) were no
longer accessible due to an issue with the buyout/merger. There were hundreds of students effected and all had the same story, they had paid their
closing account balances but they were all being harassed by debt collectors for the final payment. Some people had one collector trying to collect
for 3-5 companies! This seemed totally planned somehow as it seemed systematic and everyone got the same story from the bank & collection agency and
the utilities wouldn't confirm nor deny last payment once the account had been closed, so we couldn't get proof that the amount had been paid from
I had a very unique total for my last internet/phone which was 3 months of service. It was $414.14 - a unique number and easily memorable writing the
check and it clearing, but it coulnd't be verified 1 year later because of the merger and loss of electronic check records. The same happened to
about 30+ people I knew personally and most of them said they knew other people who were dealing with the same. It is like someone found out that the
records were lost and then bought the debt or delinquent accounts and then attacked the people. The thing is that it seems that someone had to plan
ahead b/c my account was only 5-10 days late being paid so it couldn't have been in debt collections long (90 days is usually when they sell it off,
possibly 180 days). The fact this happened to most people who closed accounts really speaks to there being some kind of plan to make this happen IMO.
So after this issue I never had any problems with debt collection but have had this same debt being tried to be collected at least 10 times since I
paid it a second time after leaving college, and these new collectors have threatened sending a sheriff to arrest me and basically ruin my life. They
have use profanities and very aggressive language while speaking to me, or they would try to use quasi-legal /financial mumbojumbo to try to fool me
into thinking I owed $2,000+ (interest & late fees on the $414.14).
I've had no late payments for 15+ years, have had 5-8 monthly utility bills for 15+ years, paid all insurance & medical bills on time for 15+ years.
Have had 3-6 bank accounts (checking & savings) at a time between 2-3 banks, all these were personal accounts. Then I had business accounts (internet,
phone, cable, bank services, etc) for ~10+ years, only one late payment but it was due to a miss-billing (billed $3K more than actual amount) and paid
once actual amount was settled, only 4-5 days late (not reported to credit). All business accounts use my SSN as the account holder as a sole
proprietor, so these go to helping build my credit.
I list as owning own home and car, no payments. Self employed. I have applied for a credit card 3x over the last 3 years, once a year at about this
time. Each time I have been denied. First time my credit was 768, then 778 now 791 and is rated in the top 87% of people in the US, not bad
considering it was 520 in 2001 when those debt collectors were causing problems. Back then I was offered credit cards every day and got 3 cards, one
with a 20K limit, one with a 7.5K and one with 3K and was offered a platinum with a 40K limit at one point (while having the other cards and a 520
credit score). I carried no debt on the cards and paid them off monthy (95% of the time, sometimes I carried a little debt over and paid next month).
I was told that I didn't have enough loan history and that amount of "revolving debt" was too high (I have none), lack of "recent installment
loans" and number of established accounts (too many or too little). I only have 2 personal checking, 2 personal savings an 2 business
checking/savings, split between 2 banks.
I have done everything possible to get good credit and followed advice by banks, financial advisors, etc and at almost 40, I can't get a credit card
with this rating, denied small personal loans for the same reason and was granted the lowest line of credit possible as long as I had the same amount
in my checking/savings account in the bank (which seems pointless to have the line of credit then).
I do have a credit card on which I am a cosigner but not the primary account holder (b/c I can't get one for some reason). It has never been late nor
has a balance and has 20+ year history.
What is the deal with this? Has anyone else gone through something like this? What is the point of even trying to have a good credit score if even
being in near the top 10% I'm still denied. So much for "white priviledge".