woes + questions about getting a bad credit score :/

Grimunlock · 2011-05-19T07:41:02

i recently received a credit check for myself and apparently my credit score is now 610 (WEAK). this is absolutely insane. i'm somewhat at fault, but here me out. i have a few questions, because I'm extremely curious about this now. last year my credit score was 750. i have 2 credit cards, each with a $1,000 limit. I have never, EVER missed a payment on either card, ever. I pay off both cards, in FULL, every single month. I never reach the limit, or go over it. I usually only spend about $400 on each card. so basically, I'm VERY good with credit cards. no 'flaws' (unless I'm missing something!??) however. two small annoyances have come up in the last year. the first, is a bill for $40 from EZ-PASS. apparently, one time my ez-pass didn't work at a toll, and I received a penalty for $40. I responded promptly to the state, saying that I did not cheat them, it merely did not work, and I asked them to deduct the NORMAL TOLL FAIR from my balance. I always have money on my ez-pass, so there's no reason to lie. anyway, they refused to do this, and insisted I pay the fine. I kept arguing it, and they sent the damn thing to collections. I finally gave up the fight and paid the $40 several months after it went to collections (this was in fact, today) the second thing. Somehow, I have an outstanding medical bill of a whopping... $6.50. thats right. less than 7 bucks. it's dated from 05/01/10. somehow I never noticed it, and got a few reminders. my idiot fault for not paying the dumb $6.50, but I moved and the bill stopped coming to me (guess the company didn't get the address change). anyway, I paid it today. that's it though. so now, I have no idea how credit scores work. is a total of $46.50 really enough to COMPLETELY destroy your credit score? Shouldn't the fact that I pay off 2 credit cards EVERY MONTH perfectly completely override this? It's almost like doing the right thing has zero positive effect on your score, so you're always 'flat-lined', but any little thing can cause you to drop majorly into the negative zone.

GDNet Lounge Community

Started by Grimunlock May 18, 2011 03:00 AM

19 comments, last by d000hg 13 years, 4 months ago

d000hg

1,208

May 19, 2011 07:41 AM

[quote name='Antheus' timestamp='1305749592' post='4812710']

The rules you described would tend to just reinforce the status quo. Those who have can have more, those who don't cannot. Where is the ability to task risks, and to balance risk vs reward?

It's not. But enjoy free education, healthcare, infrastructure, etc...
[/quote]

Tax-supported programs are hardly "free". You pay for them, just not directly.

[/quote]Depends how much tax you pay

woes + questions about getting a bad credit score :/

This topic is closed to new replies.

Popular Topics

Recommended Tutorials

woes + questions about getting a bad credit score :/

This topic is closed to new replies.

Popular Topics

Recommended Tutorials

Reticulating splines