Comments on: The Way Banks Look at You Part 7: Lending According to the Economic Situation http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-7-lending-according-to-the-economic-situation/ This is where your finance takes place Thu, 20 Nov 2008 17:22:50 +0000 http://wordpress.org/?v=abc By: The Financial Blogger | Financial Ramblings http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-7-lending-according-to-the-economic-situation/#comment-717 The Financial Blogger | Financial Ramblings Sat, 06 Oct 2007 11:02:17 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-7-lending-according-to-the-economic-situation/#comment-717 [...] have any project you would like financing for, schedule a meeting with your banker right away. As I previously explained, your financial situation might be in good shape but you might not qualify in term of the new [...] [...] have any project you would like financing for, schedule a meeting with your banker right away. As I previously explained, your financial situation might be in good shape but you might not qualify in term of the new [...]

]]> By: The Financial Blogger http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-7-lending-according-to-the-economic-situation/#comment-518 The Financial Blogger Thu, 20 Sep 2007 02:00:28 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-7-lending-according-to-the-economic-situation/#comment-518 TDS, you must know that you are fully insured against identity theft on your credit cards. Anyway, it is much easier for them to just take your identity and request additional credit cards than using your existing card. If you use your credit cards on a regular basis, you could make a lot of points out of it :twisted: TDS, you must know that you are fully insured against identity theft on your credit cards. Anyway, it is much easier for them to just take your identity and request additional credit cards than using your existing card. If you use your credit cards on a regular basis, you could make a lot of points out of it :twisted:

]]> By: The Decision Strategist http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-7-lending-according-to-the-economic-situation/#comment-514 The Decision Strategist Wed, 19 Sep 2007 18:39:31 +0000 http://www.thefinancialblogger.com/the-way-banks-look-at-you-part-7-lending-according-to-the-economic-situation/#comment-514 I've been taking the opposite approach with credit cards. I'm closing them down except for a couple (the one I've had the longest and the one I use). I know that reducing the credit available to me is bad for my credit score, but I have no plans to take out loans in the future, and I don't want the potential liability of the card or identity being stolen. I guess if I owned a house I would probably think differently and get the largest line of credit on it possible for the reasons you suggest here, but for credit cards, it doesn't seem worth it. I’ve been taking the opposite approach with credit cards. I’m closing them down except for a couple (the one I’ve had the longest and the one I use). I know that reducing the credit available to me is bad for my credit score, but I have no plans to take out loans in the future, and I don’t want the potential liability of the card or identity being stolen.

I guess if I owned a house I would probably think differently and get the largest line of credit on it possible for the reasons you suggest here, but for credit cards, it doesn’t seem worth it.

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