Pink Champagne

Is the credit reporting a fair system? There are always stories of those that have never been late on payment in their lives denied loans or favorable interest rates because some report has decided they have too much credit. Nevermind the fact they make six figures plus and can easily afford payments. The reporting agencies has decided they are a risk. Wouldn’t common sense suggest someone that has had years of steady employment and payment history be someone you would want to lend money to. It doesn’t seem to work that way. I can owe 50 percent of my total limit and get a decent score even if I’ve had a bankrupty. For now it’s all we have until someone comes up with a way to fix credit reporting the best we can do is keep paying down those balances.