So, I went to the bank this morning to see if I could get a student line of credit for this next year. I’ve just finished my undergrad and I have the letter of acceptance from the faculty. I’m thinking that as an engineering student with a known income that’s greater than my tuition payments, I shouldn’t have too much difficulty. Right?

Wrong. I meet with a relatively friendly lady, who asks me the usual questions about this that and the other. She asks me if I have a letter of acceptance to the university, which I do, but she finds the one snag I didn’t think about. The letter is based on the condition that I graduate. I’m quick to reply that I just recently got my grades back from last term, and they’re all passes, so that shouldn’t be an issue. I even offered to log into my student account so that she could print out an unofficial transcript proving that I’ve completed my degree. Nope… not good enough.

Then she says, we can start the application process and then fill in the last piece when I have the actual real letter of acceptance, not this “Yup, you’re in as long as you pass” document that I have (dispite the fact that I passed). I go along with it, figuring that it’ll be less time I have to spend later. We look through, and the only existing source of credit I have is my Visa card (which is currently at a negative balance). She tells me that I don’t have much credit, and that it might make it a little harder to get the loan…

How is a person supposed to get credit if you don’t give them a chance? Isn’t that the whole point? Me having credit means that you trust me to pay you back later, but how can I gain that credit if you don’t lend me a little bit now? If you don’t want to lend me the full $55K (which is what she was suggesting), then lend me less and don’t give me such a hard time about it.

Gah… I needed to vent.