Stampever
Jr. Member
Posts: 489
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« on: September 12, 2009, 01:23:13 PM » |
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I know what you mean. This is why I enjoy credit unions. If you've been with one for a while, and have had at least on loan paid in full through them, then it is much easier to get a home loan than if you went through a traditional lender.
One way to get around this is to have something like your phone bill be charged against a credit card that is separate from your primary card (the one you use for your everyday expenses). This way, you establish a revolving debt that is insignificant and won't cost you an excessive amount of monthly interest.
There is a push for a new set of "credit" tracking that focuses on actual wealth and spending, but I doubt that would ever be enacted since there are fears it would give companies too much info on your finances.
Best of luck though. But try a credit union if you can.
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