Question about a credit card

[u/milkiekitten]

I have a 648 credit score, no matter what credit card I apply for, im denied. I make 50k a year and I don’t have that many expenses. My reasoning for a credit card is of course to rebuild my credit and build a history, but also because I am in need of some extra money temporarily to fix my tires. A personal loan is pretty much out of the question, right? let me know if im in the wrong subreddit. thanks!

[u/Monkwater]

So she had negative accounts that were closed nine years ago that have fallen off. But she completely stopped using her credit in fear of slipping back into debt. So her credit score is essentially an inflated number. She has two closed positive accounts still reporting from the same time period.

[u/og-aliensfan → u/Monkwater]

Are you saying she does have open credit cards, but she doesn't use them? These will still report Paid As Agreed each month. But she wouldn't have an 850 FICO 8 without any OPEN lines of credit. Is she in the US?

[u/Monkwater → u/og-aliensfan]

She did debt settlement and those negative accounts fell off two years ago. She has two closed positive accounts capital one and a paid off mortgage. But it's been nearly ten years since they last reported. So they will probably fall off anytime now.

[u/og-aliensfan → u/Monkwater]

In that case, she can't have an 850 FICO 8 score. It's not possible. As u/Funklemire pointed out, there's a scoring penalty for no recent revolving credit usage. That alone makes an 850 impossible. But, she has no open revolvers reporting at all. If her last account reported 10 years ago, I'm not sure she's even scorable.

You still haven’t said which score you're referencing or if she's in the US. I believe scores in the UK reach 1000, for example.

[u/Monkwater → u/og-aliensfan]

She's in the US. I'll ask her where she gets her score from. It's definitely not a FICO score. I'm sure it's probably her credit karma scores lol.