Apr 27, Dissapoingting in trying to rebuild when banks shoot you down
February 12th, 2012About 5 years I became ill and was not able to work for 6 months. At that time I had 5 or more credit cards doing well. Unfortunately, I was forced to pay more and more for my medicine which instead affected my credit negatively because I was not able to pay the money Ive spent.I became depressed quickly over past due acct and stopped trying to pay them. Four months later I was sued by Capital One (twice) and HSBC sued me on once I paid a few bills and since then Im back on my feet.I started with applying for big bank accts. I applied for 4 different credit card issuers and I was approved for all four! However, I also applied for a Capitol one credit card and completely amazingly they approved me before they realized that I owed them money!I tried few times later and was denied for months! However, things have changed and now I am approved and I was also awarded as a valued customer and they will also raise my credit limit! I am now very careful with the bills and always pay off the balance in less than 14 days.Oh, I also tried for months to apply for an Orchard credit card but they were only able to give me a secured credit card.
Nine European countries saw their S&P credit ratings chopped yesterday. Among them, France and Austria lost their coveted “AAA” and Italy and Spain’s ratings sank two notches to BBB+ and A respectively.