Tessa120
Current game: Elex
- Joined
- Mar 17, 2017
- Messages
- 6,074
Back when I traded in the title of military member for military dependent and was living on base housing everyone in our little block was on some kind of government assistance. Most common was WIC, but there was also SSI, Medicaid, food stamps, and a couple of other people had additional public assistance. While I was in the military I got advice from the NCOs to have a credit card that I pay in full every month in order to establish good credit, and that still applied when my little family was on WIC, SSI and Medicaid.
(On a side note, I do hope that military folks are paid well enough now that qualifying for income based public assistance is no longer so common.)
You do bounce back from bankruptcy, believe it or not. Last job, I ended up in with a task where I reviewed credit reports to determine which bank we would sell our loans to, lots of people had recent bankruptcies on their record but not that many recent dings, maybe a few late payments, and a credit score above 650. And you can't recover from bankruptcy until you get lines of credit and be responsible when using them...which means getting those lines of credit in the first place.
And part of your credit score is based on how much total credit you have available to you vs. how much you owe. The old advice of canceling credit cards that were not being used actually lowered people's credit scores because their total available dropped but what they owed didn't and the ratio was suddenly much less favorable. So to recover from a bankruptcy faster would be getting lines of credit that you aren't really going to use, so you have that favorable ratio.
People's credit scores do increase, and people can go from normally paying late to normally paying on time, which also affects credit scores. That last job, a lot of the banks had a threshold, credit scores had to be a certain amount or it was an automatic rejection. Sometimes we had to rerun a credit report a month or two later, not very common, and in just a couple of months the credit score could change dramatically, dramatically enough that a bank would change their mind about buying the loan.
Unless I'm missing something in the online terms and conditions you do not have to be a US citizen, you simply have to pay off your card with US funds and have a US ID.
Also, there's a little thing called TIN. A lot of people, cashiers and long-term residents included, may not realize the two are interchangeable and when one is asked for the other is equally suitable.
And a lack of credentials could mean the credentials are either at home or in the mail. You will not believe the number of people I typed real estate purchase documents for whose credentials was a picture of their drivers license on their phone because they didn't have the actual license on them. If it was legal to type a 50 page financial contract for $10k or more for purchase of a timeshare considered deeded property by state and federal law and notarize the person's signature based on a cell phone picture of a driver's license then I'm pretty sure that a red card application done online will be equally legal. Selling the person on the red card program and making them want to apply, and then handing them the brochure so they can apply at home is not committing any type of fraud. It's giving them options.
Yeah, it is. All of it is profiling. You simply think you're better than everyone who, in your eyes, aren't rich enough and don't deserve to make their own financial choices.
