Guess I'm a bad credit risk!

[earthquake68]

It baffles me too. At least I understand my problem. I have NO credit. I paid cash for everything my whole life. Even the 5 acres in Tennessee I have. I tried to get a $15K loan on a HOUSE with 1 acre of land next door. (the house had some fire damage, but wasn't bad at all.) I was turned down for a $130/month mortgage payment. REALLY?! ...But they'll let me get a smart phone and data package for whole family that costs more than that.

I can't imagine why the economy is so screwed up when someone that pays for stuff is denied a loan, but someone with a bunch of credit cards on food stamps qualifies for whatever they want.