Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!gamma!epsilon!zeta!sabre!petrus!bellcore!decvax!decwrl!glacier!kestrel!king
From: king@kestrel.ARPA (Dick King)
Newsgroups: net.consumers
Subject: Re: Sears
Message-ID: <5355@kestrel.ARPA>
Date: Mon, 3-Mar-86 13:47:32 EST
Article-I.D.: kestrel.5355
Posted: Mon Mar  3 13:47:32 1986
Date-Received: Wed, 5-Mar-86 05:42:44 EST
Organization: Kestrel Institute, Palo Alto, CA
Lines: 31


   From: slb@drutx.UUCP (Sue Brezden)
   Newsgroups: net.consumers
   Date: 24 Feb 86 04:19:43 GMT


   I'm all for Sears.  And here's the reason:

   After my divorce, I found it impossible to get credit.  This was
   in spite of the previous $5000+ limit my ex-husband and I had on
   Master Card.  Regardless, I was a non-person as far as credit went.

   (This was back in 1975.  Hopefully, things are better for women
   today.)

   Sears, though, would give me a card.  Using it for small amounts,
   and paying quickly, I built up enough credit rating to get a Visa,
   and finally a Master Card of my own.  

You don't have to USE a card to build up a credit rating.  You only
have to HAVE one.  It only has to be one.  

There just has to be some little stub of a credit file so the credit
granting agency doesn't think the identity is fabricated.

The gop that periodically makes the rounds that it is a good idea for
someone just starting out to take out a significant loan and pay it
off to build up a rating is false.  I have spoken at length with
credit granters ranging from mortgage companies down to oil company
credit departments.

-dick