GeraldineT
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- Dec 21, 2007
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Why does the grade matter?
What’s the purpose of it?
What’s the purpose of it?
Why does the grade matter?
What’s the purpose of it?
My score is BB, sadly
what does Credit Exposure mean? Total credit limit? Or unsecured balances?
Anyone have HH and score 1555 and try to apply for a new card?
My credit rating dropped from HH to HZ.
Stupidly took up various loans and student CCs when I was young and gambled and had problems back then to pay off. Went to university overseas and didn’t pay my CC and loan bills and it snowballed like crazy, naturally.
Fast forward to today, my outstanding amount is now at $900 with one bank. Other banks have been paid off.
Recently I received a call from HSBC to apply for a personal loan. The CSO said that if I take a loan with them and pay promptly my credit score will go up. He said the loan can also help to pay off my last $900 outstanding with Citibank. So I applied for their loan online and got rejected immediately. Another CSO then called and said the reason my loan was rejected was captured in their system as “no documents submitted”. He helped me apply for a loan through email and a courier. Am waiting for the outcome now.
Immediately after this I checked my CBR and it was HZ. It was HH 2 days ago....yes I have applied for other loans and CCs few months ago and while they were all rejected, my score still remained at HH.
In any case, once my $900 is paid off, how do I increase my credit score if banks just keep rejecting my applications?
don't apply any other unsecure credit facility. Won't be approved anyway.
Wait for a year or two.
Does cc spending amount also damage credit score even though bills are fully paid?
I have a debt of 7.5 k on my cashline and the interest keeps piling up and i'm unable to pay a lump sum amount.. the bank doesn't want to let me pay by installments either. So I've been looking around at options to pay off this loan.. but my credit rating is HZ do you think any bank would even let me loan any amount ? I just got rejected for a 7.5k loan by OCBC - but I am thinking this is because my income is't 30k per month that's why it got rejected?
If pay bill upfront first then use, meaning not using the credit, does it mean no matter how much is spent, as long as utilization ratio does not increase, credit score wont be affected?Possibly, if you spend very close to your credit limit. Try to keep your credit utilization ratio (how much you spend vs credit limit) low and it will improve your credit score.