TJT
Mr. Poopybutthole
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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How did you pay it off? Sell a house or just commit to driving down your debt through cost cutting?
Big Phoenix
Pronouns: zie/zhem/zer
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Asshat wormie
2023 Asshat Award Winner
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For most people here I bet the lower credit score is due to high credit utilization rates. Note that this might be due not only because of debt but because of low available credit as well. My shit drops from 830 to 780 every time I max out my credit lines because the credit utilization rate moves closer to 1.
I'm perpetually 770-800 despite having no debt outside mortgage and perfect history. Apparently I don't have enough credit cards, since we only use one and pay it every month. I imagine my utilization is high since we put everything possible on the card for rewards and haven't bothered upping the limit in a while. While it irritates me that the score isn't higher I also don't need to apply for any credit, so whatever.
Sanrith Descartes
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My guess is most folks might be getting dinged by not having a solid credit mix as well. Utilization and payment history are the big two factors.
What Factors Affect Your Credit Scores? - NerdWallet
In credit scoring, two factors matter a lot and the others aren’t as big a deal. Learn the biggest factors, so you know the best ways to build your scores.
www.nerdwallet.com
elcaro1101
Ahn'Qiraj Raider
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Something those with a stalled score can do is use the increase request function in your card accounts. Worst they can do is say no, and it isn't a hard inquiry once you already have the account open. As I payed mine off, every 6 months or so I would go into each account that has that feature and see what they said.
Can be a self trap if you're not disciplined for sure, but what is it going to hurt if you already have 0 CC debt, and pay off your rewards purchases monthly anyways.
Responses were either a fast yes, poof more available purchasing power. Then the other side, a quick no due to lack of use already, or a slow no with a letter to your house, usually with a generic list of reasons they don't offer an increase.
I never saw a score lower from this, only go up when the new limits hit the trackers.
Can be a self trap if you're not disciplined for sure, but what is it going to hurt if you already have 0 CC debt, and pay off your rewards purchases monthly anyways.
Responses were either a fast yes, poof more available purchasing power. Then the other side, a quick no due to lack of use already, or a slow no with a letter to your house, usually with a generic list of reasons they don't offer an increase.
I never saw a score lower from this, only go up when the new limits hit the trackers.
Edaw
Parody
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Big Phoenix
Pronouns: zie/zhem/zer
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One can only wonder how many houses these retards bought and sold for 15-20% loss. 2 on my street alone.
fortune.com
The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1
"They [Opendoor] are taking huge losses, and as buying agents, we are all testing their pain threshold" says Chris Davis, a real estate agent in Phoenix.
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Sanrith Descartes
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A Las Vegas housing crash. Now where have I heard that one before? Ever notice the housing bubbles always end up in the same cities?One can only wonder how many houses these retards bought and sold for 15-20% loss. 2 on my street alone.
The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1
"They [Opendoor] are taking huge losses, and as buying agents, we are all testing their pain threshold" says Chris Davis, a real estate agent in Phoenix.
View attachment 470096
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TJT
Mr. Poopybutthole
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Buy some and sit on it. Might be a decent longshot.One can only wonder how many houses these retards bought and sold for 15-20% loss. 2 on my street alone.
The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1
"They [Opendoor] are taking huge losses, and as buying agents, we are all testing their pain threshold" says Chris Davis, a real estate agent in Phoenix.
View attachment 470096
fris
Vyemm Raider
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So many funny understand how credit scores work, and not surprising as if the industry doesn't want an educated customer.
Credit score doesn't take into account net worth it income, just how well you manage your credit. And it's merciless if you make the tiniest mistake.
I got a credit card at 18 and fucked it up. Lived without any credit for about 15 years. Finally cosigned on a car with my wife to be, and they called me a ghost.
Now I have a 3% mortgage and 6 credit cards and ~815 credit. I have every card setup to make automatic minimum payment each month but manually zero then out a few times a month. I'm paranoid about getting into debt.
I suggest anyone that doesn't know their score or how it works to sign up for credit karma and see where you are. A bunch of industries measure credit differently, but your end score is basically the same across. A few years ago, Wells Fargo told me anything over 760 wouldn't make a difference in my mortgage rate. That might be a bit different now with that recent change.
Types of accounts and number of accounts helps your score, but but enough to matter. Just never miss a payment and you'll be fine
Credit score doesn't take into account net worth it income, just how well you manage your credit. And it's merciless if you make the tiniest mistake.
I got a credit card at 18 and fucked it up. Lived without any credit for about 15 years. Finally cosigned on a car with my wife to be, and they called me a ghost.
Now I have a 3% mortgage and 6 credit cards and ~815 credit. I have every card setup to make automatic minimum payment each month but manually zero then out a few times a month. I'm paranoid about getting into debt.
I suggest anyone that doesn't know their score or how it works to sign up for credit karma and see where you are. A bunch of industries measure credit differently, but your end score is basically the same across. A few years ago, Wells Fargo told me anything over 760 wouldn't make a difference in my mortgage rate. That might be a bit different now with that recent change.
Types of accounts and number of accounts helps your score, but but enough to matter. Just never miss a payment and you'll be fine
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I dumped all Trump bucks. Cut spending to the bone. Didn't go out. Made massive payments as much as I could. And took my first big cash bonus. 22k after taxes in Feb 2022 to zero it out. Still took 2 years
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Also sold off all miscellaneous collectibles had a headless Ned stark funko I got as a gift got Christmas in 2011 sold for 2k before last season of thrones aired. Sold off original comic art etc
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TJT
Mr. Poopybutthole
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