- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Well it seems to me that baddies on your report are a definate indicator that in fact you have not paid your lender(s) back within the last 7 years, assuming it's not bogus, but the lender has no way to know if if they are legit or not and assumes they are.
So, sure it's great that someone is going to load that balance up and pay interest for a while, but if they get avalanched under debt by medical bills/job loss or some other reason and default, then it doesn't look so great to the bottom line.
But more power to them. The way I see it, creditors pretty much let you know what they think of you as a customer by the way they treat you, which includes limits, CLIs (or lack of), and whether they are willing to things that the front line CSRs tell you they don't do to keep you and keep you happy as a customer. Cases in point: Chase thinks little of me as I can't get CLIs on the CSP, and justifiably so since I burned them, but it's a fact I'm not their favorite customer. Associated, which is actually US Bank behind the scenes (Elan), is known to be YMMV when it comes to combining the limits on their cards. Some folks on FICO reported it was no problem for them, and others got refused flat out. I asked them to combine my cards and they refused. So I called to close them, and THEN after checking my spend (which they specifically mentioned) they were willing to combine them and close one card for me. So I would say that based on my never burning them and putting good spend on their card, they must at least like me somewhat since they were willing to do that.
My point is, you can pretty much figure where you stand with these guys. Some of us will be treated very well, others with indifference, and they flat out won't like a few of us. I've come to believe once you find creditors who like you, give them your business and don't worry much about the dislike or indifferent groups. That's why my CSP and Amex revolvers sit on top of my sock drawer and I only carry the Gold and my Associated and Duck cards with me these days. What comes around goes around, and sometimes if they don't see you as a profitable customer or potentially a profitable customer, they end up creating a self-fulfilling prophecy and that's what happens when we just go elsewhere. Gotta love the free market.