You always have to consider the source. The source in most of these cases is someone who doesn't know anything (or very little) about credit, scoring, creditors, etc. Many of them are building or rebuilding and are looking to do whatever it takes to get approvals, CLI's etc.
MemberSince99 wrote:I saw this question asked, and what came to mind is - who really cares?
Obviously many or else you wouldn't have created this thread.
If you don't care that's great. Just keep in mind that "I don't care" never means "no one cares". If you don't care then why do you care if others care? Move on to topics that you do care about.
Guess I should be careful saying that as it seems that you greatly care what myFICO users posts about.
MemberSince99 wrote:If they choose to give you CLIs or whatever, great, but why sweat worrying about what makes them happy - worry about what makes YOU happy.
Each has to do what works for the individual. Approvals and CLI's do make some people happy. I wouldn't say that CLI's alone make me happy but I did seek out CLI's to get my limits to where my spend falls around 10% or less utilization.
otter wrote:I like those people on FICO who worry about eeking out the final 5 points they can possibly get on their credit score... so many more important things to worry about in life.
One size never fits all. If they enjoy trying to squeeze blood out of turnip for a few FICO points then why should it matter to anyone else? I don't see the point in it but it's their time to spend. What's important and what one is willing to carve out time for is going to vary from person to person.
We all have things that seem to be a waste of time to others. We all see things that others do that seem to be a waste of time. All we can do is control how we spend our own time.
MemberSince99 wrote:A lot of them live in fear of Amex F/R too
Again, its a matter of ignorance and reading some those threads and posts makes them seem worse than they really are. The unknown always seems much worse than the known.
MemberSince99 wrote:But a 4506-T, I haven't decided if I feel that's too intrusive - I could see it for a mortgage but for a credit card, especially one that has an NPSL that MIGHT barely allow me to hit 5 figures and another for 2K? Seems a bit much to me. I mean it might be different if you are talking 25K or higher, but not sure I'd do it for what I have now.
4506-T for AmEx is no big deal IMO but that's a subjective matter as in my case it lead to nearly 3x. I could start a thread about how your fear of the 4506-T makes no sense to me but it's really your call to make as to how you handle it.