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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
SmileyRose Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 09:53 PM
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What the fucking fuck??
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Did three credit card companies throw me under the bus simply because of where I live?????


The lowest credit score I have seen for me or my husband in the last 10 years is over 800. We have never been late on anything ever. Are congenital savers, and have never once carried a balance or gone over the limit on our cards. Yet, over the last year Capitol One (his card only), Citibank (my card only) and Bank of America (joint card) have sent me letters telling me they are (A) cutting my credit line to less than half what is was and (B) jacking up my interest rate to unbelievable heights. A call to them only got the answer that they only did so after checking my credit history. Which was confusing since nothing has changed in my credit history and a check of all our reports shows nothing out of the ordinary. We have had all of these cards around 20 years or longer. In fact, they've all previously raised our limits so many times that the cut in credit limits didn't bother me except that for some bizarre reason it made both our credit score tank 50-80 points depending on which credit bureau calculated it.

We have been having a bit of a crisis at my house since we took in my husband's disabled uncle (he takes and hides incoming mail among other things) and about 4 months ago I decided to change the mailing address for paper bills and correspondence for most everything to a Kinkos mailbox a few blocks from where I work.

In the last two weeks I've gotten congratulations letters from all three cards telling me they are both dropping my rate to nearly what it was and increasing my credit limit by $1000 or more (one increased me $3300). So I'm thinking WTF?

Today it occurred to me that the demographics where I live has changed dramatically over 20 years. Nearly 80% of the kids in my county's school system qualify for free/reduced lunches. 40% of the households in my part of this county are at or below the poverty level. My county's school system recently lost it's accreditation because the school board was full of asswipes and naturally home values and sales are struggling as a result.

By contrast, the part of town where I work is populated mainly by people with advanced degrees. The cost of entry into even a 1BR condo is $500,000 or more. I can't prove it but I think I've been redlined.
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