My credit is really bad

“Thank you for taking the time to submit your application to ING DIRECT. Unfortunately, due to information received from a credit bureau reporting agency, we are unable to offer you any new/additional credit or change any account details, at this time.If in the future you feel you have had a reasonable change in your income, liability or credit history, please feel free to call one of our Direct Associates to re-apply. In our experience, positive and significant changes to liabilities/credit history typically occur over a period of at least one year.”

I got rejected for a $700 RRSP loan. Which puts me on par with the credit rating of a penniless student. It’s one of the possibilities that I expected, but the arrival of which still cracked me up and made my jaw drop for a moment. No matter, I just have to tap my homeline instead and do a mini smith maneuver with RRSP. Ah, the beauty and comfort of having a constant low interest loan available to you. I’ve decided that I will not do an RRSP loan unless I am desperate in the future. The approval process demanded one too many personal identification informations for security purposes. I am not sure I want to reveal this to someone over the phone in the future. Homeline is a lot more comfortable.

Their rejection also gave away the limitations of these credit checking agencies: they cannot see some of my accounts. An advantage that can be manipulated and used.