Comment Re:A regular bank account? (Score 1) 242
You can also be denied credit despite having a very large net worth if you don't have your name on the prior credit card accounts you have used or if the credit reports have the information wrong. My wife just got turned down asking for credit in an amount that is a rounding error compared to her net worth. But since the credit history doesn't show any of the assets she might have nor does it list her participation in the credit I might have had (she has paid the bills for the last 37+ years) her history/worthiness looks sparse/doubtful.
It amazed me how many facts the 3 credit reporting agencies got wrong or how they were listed differently on each of their reports.
I'd urge you to check yours...and your spouse's if you should have one. The results may shake your confidence in the system.