Started By
Message

re: Let's be honest about credit scores

Posted on 10/23/17 at 6:44 pm to
Posted by TurkeysAndBees
Member since Jan 2017
651 posts
Posted on 10/23/17 at 6:44 pm to
quote:

fair enough. But to be honest 720ish to 850 will result you in the same interest rate / credit worthiness rating.


quote:

You are correct, we call them bullets. 720+ and you're good to go.


...rating of 850 beginning late 80's / early 1990's. There are many powerful advantages from having above 720... Combine 850 along with various assets and you can end up with some pretty attractive and convenient privileges to be used to your advantage.
Posted by TheCurmudgeon
Not where I want to be
Member since Aug 2014
1481 posts
Posted on 10/23/17 at 8:12 pm to
This is the greatest branding/marketing scheme in history.

Your FICO score is simply a profitability rating for lenders, and they've tricked everyone into thinking it's not.

I have no debt. None. House, student loans paid off. No car loans in 10+ years. Use one credit card for points pay it off in full monthly. High income, high liquidity. But I laugh and you'd laugh at my FICO score. My CPA and my financial guy both tell me to carry some debt and pay it monthly just to inflate it. frick that.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram