- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Son got denied for a credit card
Posted on 9/4/14 at 5:57 pm to tiger91
Posted on 9/4/14 at 5:57 pm to tiger91
quote:
He said the reason had to do with too many accounts (meaning us) and a large line of credit (husband is a farmer and we do take out a LARGE loan every year but it's always paid back). WE recently purchased a new home and those were the same things noted on our credit report.
Ok.
Why is your son on your line of credit and your mortgage? He probably isn't and his name just might closely resemble his dads name. Get a copy of his report and get everything removed that isn't his.
He should be an authorized user on one maybe two credit cards. That is it.
Your accounts have nothing to do with your son. His score isn't accurate and the low income sends up a huge red flag with all that debt attaching to him. He probably looks like a bankruptcy waiting to happen with all of that debt showing up and far too little income.
1
Posted on 9/4/14 at 10:42 pm to VABuckeye
1) IDK what company it was
2) He's not on our mortgage ... sorry ... was just saying that WE just purchased a home and as he's an authorized user on our VISA (gas mainly for him, occasional car repairs). I just figured that OUR mortgage would show up ... IDK.
3) He's super conservative with his money ... he's managed what he's had scholly wise and work wise super well. He has as far as I know made good financial decisions and has made majority of his purchases NOT on a whim and researched what it was he wanted/needed and bought the best within his limits (mainly hunting/fishing things). Hadn't had to help much with college expenses at all ... tuition or living wise.
4) I guess he wants it mainly to start building his own credit.
Hope I got all the points in ... hadn't talked to him to see if he contacted Campus Federal. I remember I got a cc while in college and would charge a small "something" from time to time and pay it off. When my husband and I had both graduated and had really good jobs we STILL needed a cosigner on our first vehicle loan. I think he's trying to avoid that type thing.
2) He's not on our mortgage ... sorry ... was just saying that WE just purchased a home and as he's an authorized user on our VISA (gas mainly for him, occasional car repairs). I just figured that OUR mortgage would show up ... IDK.
3) He's super conservative with his money ... he's managed what he's had scholly wise and work wise super well. He has as far as I know made good financial decisions and has made majority of his purchases NOT on a whim and researched what it was he wanted/needed and bought the best within his limits (mainly hunting/fishing things). Hadn't had to help much with college expenses at all ... tuition or living wise.
4) I guess he wants it mainly to start building his own credit.
Hope I got all the points in ... hadn't talked to him to see if he contacted Campus Federal. I remember I got a cc while in college and would charge a small "something" from time to time and pay it off. When my husband and I had both graduated and had really good jobs we STILL needed a cosigner on our first vehicle loan. I think he's trying to avoid that type thing.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News