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6c7mymom

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When applying for a Sears Mastercard I was denied by Citibank because "total credit obligations compared to total annual income". I am retired living on social security with over a million dollars in Trusts & investments. Their credit information is incomplete and unfair.

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Sorry, but trusts and investments are not considered in granting credit.  They are an asset that can vanish in an instant (as in the "crash" of 1929).  What does count is a regular, sufficient source of income and proper use of credit. Since the response from Citibank stated the reason for denial was basically too much debt showing in comparison to your income,  I suggest using some of the trusts and investments to pay off the debts now.  If you were to die tomorrow, those assets would have to be used to settle your obligations before being distributed to heirs, so wouldn't it be better to save them that hassle right now?

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