Jim Idler - REALTOR Front Range Jim
Range Realty
300 East Elkhorn Avenue
Estes Park , CO 80517
Phone:
(970) 480-1121
Fax:
(970) 586-5293
Toll Free:
(888) 319-2345
Mobile:
(970) 480-1121

 

     I remember years ago, ... Jim Idler REAL ESTATE Range Realty Estes Park REALTOR, live in CARRIAGE HILLS, sell a house fast in ESTES PARK,move to CARRIAGE HILLS estes park, Sell an estes park  home fast, what is my home worth, estes park real estate, estes park realtor, DRAKE, LYONS, GLEN HAVEN real estate, carriage hills realtor, elk RMNP

 

      when I was probably 22 years old, looking to take out a small personal loan so I could buy a newer car. I had been approved for the loan a few months prior, so when I applied for the actual loan I was shocked to find out I was declined. I had asked the loan officer  why he thought it was turned down, and he pointed out the large available credit line I had on 2 different credit cards. I remember saying, "isn't that a sign of my credit worthiness, that they are willing to let me have that much available credit?" He had replied by saying that my scores were fine, but after they give me the loan, I could then run up credit card bills really high because it was available to me. He suggested getting the credit cards to LOWER my available credit amounts and to re-apply for the personal loan.

          Of course I did call my credit card companies, lowered my available credit - and the rest is history, but it was an interesting lesson in credit scores, loans, and a peak into the inner workings for getting approved. Maybe you'll find this a bit helpful yourself! 

 

cheers!

 

Jim REALTOR  Range Realty - Estes Park Real Estate

Listings Search