How is your Credit Score is hurting you?

Have you received a letter from your credit card company raising your rate, or cancelling your coard, or reducing your available credit?

Alot of us have. And it is hurting.

Remember that when you have a balance on your credit card and your available credit goes down your debt to available credit ratios go up and this will hurt your scoring which means you may not qualify for a loan.

Also, I have received a lot emails/calls/visits from people who have been foreclosed and now cannot rent since their credit score is severely damaged.
I think something has to be done so that your Credit Score is not the only factor to exclude you from the renter pool.