General Discussion
In reply to the discussion: OK. I found out about my identity verification problem with the ACA. [View all]We used to do it at the bank to establish credit for people with large cash on hand and no history in order to establish histories in order to clear mortgages. (As in "I have never used credit and I have a $1M in cash but I want to buy that house over there and it's $1.1M so I need a mortgage." That's a safe mortgage...it'd be approved for anybody with a credit score north of 600 anyways. You give us $3K which goes in a 13-mo CD that is then used to secure the card and we give you a secured CC for $3K (smallest CC we issue) and tell you that you need to spend at-least $1K. The credit posts within days. You come in and pay the balance and cut up the card. After 12 months of non-use, it cancels itself. One month later the CD comes up for renewal and if you choose to close it, you get ~$3037 back with interest. In the meanwhile, the mortgage gets approved and the home-sale closes.
Same week credit history...it's thin but it suffices to secure a note for $100K with 90%+ down.