Re: Got an easy question for you..
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Posted by Christine
(24.244.136.198) on June 03, 2002 at 14:24:48:
In Reply to: Got an easy question for you.. posted by leggosyd on June 03, 2002 at 12:48:54:
"Always been curious.. so whats the real deal with why creditors are always reluctant to help people out in removing derogatory items on credit. It seems they love putting bad things on people's credit." The realness is your credit history is something creditors are most interested in, this determines your payment history and gives them some idea on how worthy you will be. I don't think they get any pleasure from reporting anyone in a negative fashion. Banks are in the business of lending money, they want to lend the money. Just not the people that have not proven they will repay.
"So whats the advantage they gain by leaving negative items on there?" This is the advantage, a credit history the lenders can see. If you were going to lend money to someone and you found out that they have not paid their debts back to another person that lend them money, would you honestly want to lend them money?
I think at that point you would be glad to know this information on them.
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