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Posted on 6/10/17 at 5:31 pm to colorchangintiger
Posted on 6/10/17 at 5:33 pm to BUCKMSTR7399
BOOM ROASTED.
Nice job man!
Nice job man!
Posted on 6/10/17 at 5:45 pm to BeerMoney
quote:
It's only important when you need to borrow.
No that's not true, your rent and car/homeowner's insurance can be affected by your credit score. Over half of employers did a credit check before hiring someone.
Posted on 6/10/17 at 5:55 pm to TigerintheNO
quote:
No that's not true, your rent and car/homeowner's insurance can be affected by your credit score. Over half of employers did a credit check before hiring someone.
That is true to an extent, but as long as you don't have poor credit, you'll still be ok. Insurance rates differ between good and great credit scores with some companies, but those with poor credit scores could pay a ton more.
Posted on 6/10/17 at 6:04 pm to Pico de Gallo
A credit score can be deceiving.
Someone with a high credit score could be carrying a lot of debt and making all of their payments but only barely.
Someone with a moderate credit score could be a person that doesn't like to carry debt and is penalized for not doing so.
I am mid 700s and only have my mortgage and a couple of piddly things on my credit which haven't had a late payment in years.
If you break 800, I assume you have to be carrying a lot of debt.
Someone with a high credit score could be carrying a lot of debt and making all of their payments but only barely.
Someone with a moderate credit score could be a person that doesn't like to carry debt and is penalized for not doing so.
I am mid 700s and only have my mortgage and a couple of piddly things on my credit which haven't had a late payment in years.
If you break 800, I assume you have to be carrying a lot of debt.
Posted on 6/10/17 at 6:06 pm to Pico de Gallo
Dating sites should credit to match people. Never understood why they don't use this simple tool, Why should you invest your future in someone a bank wouldn't loan a dollar?
Posted on 6/10/17 at 6:19 pm to Pico de Gallo
It's important to be good, but after that it's not a big deal. I had mid 700's out of college which was nice (parents set me up well). Now I have over 800. There is absolutely no difference when making purchases 99% of the time. I'm sure I'd be different to be below 700, but from like 730 and up, it doesn't matter.
Posted on 6/10/17 at 6:23 pm to kywildcatfanone
quote:
Not important at all. I have no debt, and don't intend to have any.
A lot is starting to make sense about your supposed deal on your truck. Posted on 6/10/17 at 6:27 pm to Pico de Gallo
And of course, every single person posting is above 720. Classic OT.
Posted on 6/10/17 at 6:27 pm to Pico de Gallo
It's important in the sense that I want whoever I'm with to be good with money. My girl has a higher rating than I do. Mine is in the high 700's. Hers is in the 800's.
It's a reflection of your financial discipline and decision-making.
It's a reflection of your financial discipline and decision-making.
Posted on 6/10/17 at 6:29 pm to LNCHBOX
quote:
And of course, every single person posting is above 720. Classic OT.
People with bad credit 1) probably don't want to think about it and 2) aren't going to roll in and brag about their shitty credit.
Posted on 6/10/17 at 6:29 pm to Scoop
quote:
If you break 800, I assume you have to be carrying a lot of debt.
No. You just need some years of no missed payments, low debt to credit ratio on credit cards and an installment loan or two.
Posted on 6/10/17 at 6:45 pm to Big EZ Tiger
Ok. I have no idea about the algorithm they use. I just know that that I don't like debt and only have a few things financed and besides my mortgage it's small potato stuff. I'm always mid 700s with not one late payment on anything. Never had a credit card for instance.
I just assumed to break 800 you had to be carrying a lot of debt.
I just assumed to break 800 you had to be carrying a lot of debt.
This post was edited on 6/10/17 at 6:47 pm
Posted on 6/10/17 at 6:48 pm to colorchangintiger
quote:
Any of you baws able to top mine?
Sure...I use cash.
Posted on 6/10/17 at 7:20 pm to Pico de Gallo
I buy everything in cash. Couldn't give less of a frick about credit scores.
Posted on 6/10/17 at 7:22 pm to Pecker
quote:
It's a reflection of your financial discipline and decision-making.
Posted on 6/10/17 at 7:46 pm to DavidTheGnome
quote:
How is the 800's shocking? Just pay your bills
Pretty much. The last I checked mine three years ago it was 821. Haven't bought anything of major worth since so I don't know what it is presently.
Posted on 6/10/17 at 7:53 pm to Pecker
Right. Some thread on the OT isn't going to give you an unbiased sample that reflects the general population. Just like with the threads that ask about height, people who are taller or have better credit are going to tend to post about it more. It is a pretty simple explanation that doesn't have to resort to accusing people of lying about something in a format that is meaningless.
Also, just as a general statement about credit, it isn't like a credit score is some standardized thing. There are literally dozens of different ways to calculate a credit score and I think at least a couple of different score ranges that depend on what factors a given creditor considers more important and how different factors are weighted in the equation that they might use.
Also, just as a general statement about credit, it isn't like a credit score is some standardized thing. There are literally dozens of different ways to calculate a credit score and I think at least a couple of different score ranges that depend on what factors a given creditor considers more important and how different factors are weighted in the equation that they might use.
Posted on 6/10/17 at 8:12 pm to BeerMoney
quote:
It's only important when you need to borrow.
It comes into play for security clearances, whether you are required to pay a deposit when getting utilities set up, etc.
I'll add that a good score can often get you better terms generally. For example, I bought a car a couple of years ago. I could have paid in cash, but instead financed for five years at 1% b/c that is below the rate of inflation - it was simply a better deal than paying cash.
This post was edited on 6/10/17 at 8:14 pm
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