MIKE-2U Posted July 25, 2012 Report Posted July 25, 2012 Father told me that the credit number thing is bs. He said he was never denyed a loan and neithwr should i as long as someone will co-sign. Quote 2006 Jeep Grand Cherokee LaredoPioneer AVH- 3200DVD2/0 Flex-A-Prene Welding Cable (2) Fully Loaded Fi Sp4's dual 1-------> My YouTube Channel <------- Needs more power those woofers will laugh at that turd
donpablo Posted July 25, 2012 Report Posted July 25, 2012 Also the more credit stuff you apply for your credit rating goes down Quote 2015 F-150 Platnuim
Colin - STAPUFT Posted July 25, 2012 Report Posted July 25, 2012 All bills (power, water, trash, cable, etc...) in your name. Pay them on time or early- ALWAYS. Small Credit card and pay it off FULLY every month. Just remember- a Good Credit Score is an "I love Debt" score. The better your credit score, the more you love debt. I built mine to help get a good Home Mortgage. After that- I have used ZERO credit cards, loans, advances, etc... other than my Mortgage. Here is how it is calculated: http://www.myfico.com/crediteducation/whatsinyourscore.aspx Quote 12 - 12"s in the STAY PUFT 1989 Chevy Astro Build & Comment Log Un-Interrupted Build LogYouTube Channel Chevy Trailblazer 5.1 Dolby Digital DTS Install You have a beard of a mysterious sea captain. I would follow you to hell and back.
Maebros Posted July 25, 2012 Report Posted July 25, 2012 Also the more credit stuff you apply for your credit rating goes down \you are allowed 3-4 hard inquiries a year on your credit line before it starts to have a negative effect. Quote HU: Pioneer AVH x5800BHS SP Amp: AQ 120.4 Front SP: Hertz Hsk 165 Rear SP: DD cxs 6.5 SW Amp: Crescendo BC2000d SW 2 DC level 3 12" Electrical: Stock alt for now XS D2400 XS D3400 Knukonceptz Kolossus Second skin damplifier On 8/8/2012 at 4:50 PM, Brandon15zzz said: I heard he actually graduated college with a 4.0 gpa. Seems pretty gangster. On 8/29/2012 at 12:25 AM, ILoveBass21 said: he could blow a sub powering it with a potato.
donpablo Posted July 25, 2012 Report Posted July 25, 2012 Your credit rating number is not bs you have like a 1% chance of getting a loan or credit card under a 600 rating With a higher raiting it will just be easier to get loans and get the best rates My very first car my credit was shit my intrest rate was like 22% my next car was 16% and the car i have now is 7% Quote 2015 F-150 Platnuim
Colin - STAPUFT Posted July 25, 2012 Report Posted July 25, 2012 Can I ask a crazy question though.... Why do you want credit? Cash is king. Debt is evil. Like I said, I didn't feel like saving up for my house (b/c the wife wouldn't go for it), but Anything else can easily be purchased with cold hard cash. I've never had a car payment and never will. Just pay yourself the monthly payment and pocket all the interest you Would be paying the bank. They will actually pay you! Then step up with a wad of cash. When my wife and I purchased her TrailBlazer a good while ago, you should have seen the looks on the people's faces. The first thing they asked was "How?" -the second thing they asked was "How old are you?" It is fun stuff. Quote 12 - 12"s in the STAY PUFT 1989 Chevy Astro Build & Comment Log Un-Interrupted Build LogYouTube Channel Chevy Trailblazer 5.1 Dolby Digital DTS Install You have a beard of a mysterious sea captain. I would follow you to hell and back.
Maebros Posted July 25, 2012 Report Posted July 25, 2012 Can I ask a crazy question though.... Why do you want credit? Cash is king. Debt is evil. Like I said, I didn't feel like saving up for my house (b/c the wife wouldn't go for it), but Anything else can easily be purchased with cold hard cash. I've never had a car payment and never will. Just pay yourself the monthly payment and pocket all the interest you Would be paying the bank. They will actually pay you! Then step up with a wad of cash. When my wife and I purchased her TrailBlazer a good while ago, you should have seen the looks on the people's faces. The first thing they asked was "How?" -the second thing they asked was "How old are you?" It is fun stuff. i can answer that because we live in a NOW nation. we want things now. we dont want to save up for 6 years to be able to buy a new car we want it now. Quote HU: Pioneer AVH x5800BHS SP Amp: AQ 120.4 Front SP: Hertz Hsk 165 Rear SP: DD cxs 6.5 SW Amp: Crescendo BC2000d SW 2 DC level 3 12" Electrical: Stock alt for now XS D2400 XS D3400 Knukonceptz Kolossus Second skin damplifier On 8/8/2012 at 4:50 PM, Brandon15zzz said: I heard he actually graduated college with a 4.0 gpa. Seems pretty gangster. On 8/29/2012 at 12:25 AM, ILoveBass21 said: he could blow a sub powering it with a potato.
donpablo Posted July 25, 2012 Report Posted July 25, 2012 Colin made some good points but i disagree with some of them cash is ok but can be lost or stolen of if you want to make big purchases. I myself never carry cash i use my american express card for every thing and pay it at the end of the month and collect my points so i get free airplane tickes and hotels Quote 2015 F-150 Platnuim
Colin - STAPUFT Posted July 25, 2012 Report Posted July 25, 2012 Can I ask a crazy question though.... Why do you want credit? Cash is king. Debt is evil. Like I said, I didn't feel like saving up for my house (b/c the wife wouldn't go for it), but Anything else can easily be purchased with cold hard cash. I've never had a car payment and never will. Just pay yourself the monthly payment and pocket all the interest you Would be paying the bank. They will actually pay you! Then step up with a wad of cash. When my wife and I purchased her TrailBlazer a good while ago, you should have seen the looks on the people's faces. The first thing they asked was "How?" -the second thing they asked was "How old are you?" It is fun stuff. i can answer that because we live in a NOW nation. we want things now. we dont want to save up for 6 years to be able to buy a new car we want it now. Exactly. I need to be more clear I guess when I say "Cash"- I don't carry more than like $20 ever. When I say Cash I mean a cash backed Bank Account Debit card. Debit Cards (as long as they are a Master Card or Visa, etc...) are insured exactly like Credit Cards are. So- your money is safe. Sure- if it gets stolen and someone makes charges, it sucks for a minute.... but if you didn't make the charges, then all of the funds are returned to your bank account. I'm not telling anyone how to do what they do- this just works for me. Quote 12 - 12"s in the STAY PUFT 1989 Chevy Astro Build & Comment Log Un-Interrupted Build LogYouTube Channel Chevy Trailblazer 5.1 Dolby Digital DTS Install You have a beard of a mysterious sea captain. I would follow you to hell and back.
donpablo Posted July 25, 2012 Report Posted July 25, 2012 I guess its just how you look at it or how you use credit I had a friend who made ok money but blew out his transmission and didnt have 2500$ on hand and needed his car to get to work and pay bills He used credit card got it payed for and payed off in a few months Quote 2015 F-150 Platnuim
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.