- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How Is It Possible For Someone To Have A Credit Score Below 500
Posted on 12/9/19 at 2:03 pm to pioneerbasketball
Posted on 12/9/19 at 2:03 pm to pioneerbasketball
Sometimes people find themselves in difficult situations and do what they gotta do. Bad credit can just sort of snowball.
1
Posted on 12/9/19 at 2:04 pm to Celery
quote:
Sometimes people find themselves in difficult situations and do what they gotta do. Bad credit can just sort of snowball.
Yup, credit is like confidence hard to build up but easy to lose.
Posted on 12/9/19 at 2:10 pm to Slinger16
quote:
You don't need credit if you got straight cash, homey.
Posted on 12/9/19 at 2:14 pm to SuperSaint
quote:
So essentially going to the big house puts you in the poor house.
Posted on 12/9/19 at 2:19 pm to pioneerbasketball
Multiple 180 day lates and a collection or two will get you there.
And once there, it's hard to get out of it. To have a good credit score, you have to show good use of credit. However, no one will give you a chance to improve your credit, when you score is that low.
So you end up having to wait out the 7 year clock, maybe get a secured card or two, and after the bad stuff falls off, then you can start getting a store card or a gas card and build it back up.
And once there, it's hard to get out of it. To have a good credit score, you have to show good use of credit. However, no one will give you a chance to improve your credit, when you score is that low.
So you end up having to wait out the 7 year clock, maybe get a secured card or two, and after the bad stuff falls off, then you can start getting a store card or a gas card and build it back up.
Posted on 12/9/19 at 2:25 pm to LSUFanHouston
wife doesnt pay bills. then leaves you and you learn of everything that is behind. bankrupty or collections
Posted on 12/9/19 at 2:26 pm to pioneerbasketball
By not paying their fricking bills.
Posted on 12/9/19 at 2:27 pm to LSUFanHouston
quote:
Multiple 180 day lates and a collection or two will get you there.
Late payments fall off after 4 years but court records will stay with you for at least 7 years in the case of collections and I believe bankruptcy.
quote:
However, no one will give you a chance to improve your credit, when you score is that low.
Yeah it is definitely a PITA when you've hit that low of a credit score since you won't be able to get a decent card but a secured line of credit is the way to go to start the climb out.
Posted on 12/9/19 at 2:28 pm to LSUFanHouston
quote:
a collection or two will get you there
A collection account can absolutely wreck a score.... regardless of the $ amount of the collection item.
This post was edited on 12/9/19 at 2:28 pm
Posted on 12/9/19 at 2:29 pm to YouAre8Up
quote:
By not paying their fricking bills.
in a divorce it's not always as simple as that, ex., you make $10,000/mo. and judge orders you to pay her $12,000/mo., you can't pay everybody, guess who gets priority?
Posted on 12/9/19 at 5:26 pm to CoachChappy
quote:
Why does divorce negatively affect your credit?
Until a few years ago, I would have told you that there's no direct effect. Since then, I've become aware of the credit reporting agencies paying for all sorts of data that companies have learned to scrape from the Web and otherwise aggregate.
There is a company on the Northshore that scrapes all the myriad, publicly-run sex offender sites and sells this data to the big credit reporting agencies. Legally, I think that's a misuse of this data, in many jurisdictions at least. Ironically, these people are connected with Jack Strain.
Are they scraping civil court sites so that the credit bureaus can apply a quick reduction to your number the minute you show up in a divorce filing?
Again, I don't know if it's legal, but it wouldn't surprise me. There are shades of legality: illegal in these few jurisdictions where we claim not to operate, not criminal per se but a potential civil tort, illegal but sex offenders don't have the money to sue us over it anyway...
This post was edited on 12/9/19 at 5:29 pm
Posted on 12/9/19 at 5:29 pm to Upperdecker
Ask my wife. No, in seriousness you have to really try for a 500.
Posted on 12/9/19 at 5:30 pm to 777Tiger
quote:LOL when did we start making excuses for the Poors on the OT
you make $10,000/mo.
Posted on 12/9/19 at 5:44 pm to SuperSaint
I worked in apartment leasing out of college at a nice complex and it blew my mind how many non qualified people we’d get. 30-40% had awful credit
I’d have to see their detailed credit reports and it was amazing the shite people owed
I’d have to see their detailed credit reports and it was amazing the shite people owed
Posted on 12/9/19 at 5:56 pm to dallastiger55
I work a at a car dealership in New Orleans East. I see 500, 400 credit scores daily.
Posted on 12/9/19 at 6:05 pm to CoachChappy
quote:
Why does divorce negatively affect your credit?
quote:
Pay your damn bills people.
For men, The first quote is directly proportional to have the ability to do the second quote after judges take the bread winning man to the cleaners. You had the answer all along.
Posted on 12/9/19 at 6:10 pm to geaux88
You pay for bad decisions, like overlooking all those red flags you Baws overlook marrying these dumb ugly broads
Posted on 12/9/19 at 6:21 pm to pioneerbasketball
When my girlfriend (now wife) graduated college she had no credit score. Her parents gave her cash and she wrote checks or used a debit card. I'm sure the lease and utilities at her place were in her parents name as was her car.
She went to buy a car and the interest rate was like 15% or something crazy. I did some research on it and we got her a Visa card with astronomical interest rates and she spent like $20 on it. Paid the minimum for 3 months and then paid it off. Now she had a credit history showing she could spend money and pay it back. Slowly continued to build it up for a couple of years and no problems since.
She went to buy a car and the interest rate was like 15% or something crazy. I did some research on it and we got her a Visa card with astronomical interest rates and she spent like $20 on it. Paid the minimum for 3 months and then paid it off. Now she had a credit history showing she could spend money and pay it back. Slowly continued to build it up for a couple of years and no problems since.
Posted on 12/9/19 at 11:51 pm to mmonro3
400? 
I thought below 500 was bad.
I thought below 500 was bad.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News