Do you care about your credit?

7figz · May 2012

Haul Judos wrote: »

if you ever had someone in your family die, and left everyone fucked up and neck high in debt...

again...credit becomes very important....

This shit really happens ?

I'd think that you could just fuck it, that's not my debt.

major pain · May 2012

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

congrats on the scores... now you're eligible to owe someone.

lol thats what good credit scores mean? you really have took too many sips of Dave Ramsey's koolaid folk..

it works for me. that's all I'm saying. I don't chase fake numbers. My shit is 745 last I checked ( maybe higher now, who cares) but since I bought my house 5 years ago. i haven't had any use for credit. I'll leave you with that.

I've heard the bold mart a lot too. The thing is nobody can say where he's wrong. strange.....

There is nothing 'fake' about credit scores. Last I looked most people arent wealthy enough to pay cash for everything, so they do have to borrow money in some form. Cars... houses.. like yourself. That 'fake' number can greatly affect how much of your cash you have to pay back.

As far as saying where Dave Ramsey is wrong... where would you like me to begin? There are entire sites and blogs dedicated to saying how wrong some of the foolishness he has people buying into. The fundamental concept of using cash only is nice, but it doesnt apply to the people that need/use his advice.

Dave Ramsey is rich and stays rich because he has people like you buying his shit. lol carry on

major pain · May 2012

7fIG wrote: »

Haul Judos wrote: »

if you ever had someone in your family die, and left everyone fucked up and neck high in debt...

again...credit becomes very important....

This shit really happens ?

I'd think that if you could just fuck it, that's not my debt ?

depends on the state and the type of debt

7figz · May 2012

major pain wrote: »

7fIG wrote: »

Haul Judos wrote: »

if you ever had someone in your family die, and left everyone fucked up and neck high in debt...

again...credit becomes very important....

This shit really happens ?

I'd think that if you could just fuck it, that's not my debt ?

depends on the state and the type of debt

What's an example of this shit happening ? I don't see it. The most I could google is inheriting something but debtors get their cut of it first.

Leaving survivors in debt though idk ?

major pain · May 2012

7fIG wrote: »

major pain wrote: »

7fIG wrote: »

Haul Judos wrote: »

if you ever had someone in your family die, and left everyone fucked up and neck high in debt...

again...credit becomes very important....

This shit really happens ?

I'd think that if you could just fuck it, that's not my debt ?

depends on the state and the type of debt

What's an example of this shit happening ? I don't see it. The most I could google is inheriting something but debtors get their cut of it first.

Leaving survivors in debt though idk ?

this can happen if there is an estate left and enough money to cover certain debts

some credit card companies have harrassed family members into paying debts but this is only because certain states dont have tough enough consumer protection laws

short version is, in MOST cases, if the survivor's signature is not on the original agreement, then they have no obligation to pay

dunny. · May 2012

Ignore sions posts son dont know wtf he talkin about

Lol @ if you miss your internet bills by a month "they report that ASAP"

This Misinformed kid don't have a clue

powerman 5000 · May 2012

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

congrats on the scores... now you're eligible to owe someone.

lol thats what good credit scores mean? you really have took too many sips of Dave Ramsey's koolaid folk..

it works for me. that's all I'm saying. I don't chase fake numbers. My shit is 745 last I checked ( maybe higher now, who cares) but since I bought my house 5 years ago. i haven't had any use for credit. I'll leave you with that.

I've heard the bold mart a lot too. The thing is nobody can say where he's wrong. strange.....

There is nothing 'fake' about credit scores. Last I looked most people arent wealthy enough to pay cash for everything, so they do have to borrow money in some form. Cars... houses.. like yourself. That 'fake' number can greatly affect how much of your cash you have to pay back.

As far as saying where Dave Ramsey is wrong... where would you like me to begin? There are entire sites and blogs dedicated to saying how wrong some of the foolishness he has people buying into. The fundamental concept of using cash only is nice, but it doesnt apply to the people that need/use his advice.

Dave Ramsey is rich and stays rich because he has people like you buying his shit. lol carry on

lost all credibility with this line.. i got it from the public library..... done....

major pain · May 2012

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

congrats on the scores... now you're eligible to owe someone.

lol thats what good credit scores mean? you really have took too many sips of Dave Ramsey's koolaid folk..

it works for me. that's all I'm saying. I don't chase fake numbers. My shit is 745 last I checked ( maybe higher now, who cares) but since I bought my house 5 years ago. i haven't had any use for credit. I'll leave you with that.

I've heard the bold mart a lot too. The thing is nobody can say where he's wrong. strange.....

There is nothing 'fake' about credit scores. Last I looked most people arent wealthy enough to pay cash for everything, so they do have to borrow money in some form. Cars... houses.. like yourself. That 'fake' number can greatly affect how much of your cash you have to pay back.

As far as saying where Dave Ramsey is wrong... where would you like me to begin? There are entire sites and blogs dedicated to saying how wrong some of the foolishness he has people buying into. The fundamental concept of using cash only is nice, but it doesnt apply to the people that need/use his advice.

Dave Ramsey is rich and stays rich because he has people like you buying his shit. lol carry on

lost all credibility with this line.. i got it from the public library..... done....

so people in droves arent buying his shit? interesting how ALL OTHER points were ignored.. you should be done because you're not informed enough to have this conversation bruh

7figz · May 2012

I listened to Dave Ramsey before but I can't fuck with all that religious shit.

It's like I'm listening to this shit for financial advice, not religion - chill with all the preaching.

numbaz...80's baby · May 2012

I do

The better your credit, the easier it is to buy a house and car. Employers also look at your credit history is. I need all of mine. My criminal record already is fucked up. I'm not getting turned down for a job over no bullshit like that.

major pain · May 2012

7fIG wrote: »

I listened to Dave Ramsey before but I can't fuck with all that religious shit.

It's like I'm listening to this shit for financial advice, not religion - chill with all the preaching.

dude has some good points on finance.. but anyone that thinks that shit can apply to any and EVERYONE is drinking the koolaid.. especially on the credit front

he says stuff like dont use credit cards because you WILL overspend and not be able to pay it back...

powerman 5000 · May 2012

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

congrats on the scores... now you're eligible to owe someone.

lol thats what good credit scores mean? you really have took too many sips of Dave Ramsey's koolaid folk..

it works for me. that's all I'm saying. I don't chase fake numbers. My shit is 745 last I checked ( maybe higher now, who cares) but since I bought my house 5 years ago. i haven't had any use for credit. I'll leave you with that.

I've heard the bold mart a lot too. The thing is nobody can say where he's wrong. strange.....

There is nothing 'fake' about credit scores. Last I looked most people arent wealthy enough to pay cash for everything, so they do have to borrow money in some form. Cars... houses.. like yourself. That 'fake' number can greatly affect how much of your cash you have to pay back.

As far as saying where Dave Ramsey is wrong... where would you like me to begin? There are entire sites and blogs dedicated to saying how wrong some of the foolishness he has people buying into. The fundamental concept of using cash only is nice, but it doesnt apply to the people that need/use his advice.

Dave Ramsey is rich and stays rich because he has people like you buying his shit. lol carry on

lost all credibility with this line.. i got it from the public library..... done....

so people in droves arent buying his shit? interesting how ALL OTHER points were ignored.. you should be done because you're not informed enough to have this conversation bruh

you said "like me" that's uninformed as hell... Now it's "all others," huh? I don't care what other people are doing. other people carry payment plans and have no problem with it. I walk into dealerships and walk out with keys and a title. i was going to get my VA loan anyway. That's how I chose to live. No fake made up numbers with no formula on how the number was pulled out of someones ass. You can attack me if that helps get your point across. As far as internet sites and blogs. i can show you a site with pictures of ufos and bigfoot. Nothing is for everybody. Big deal there's sites and blogs. if it doesn't work for you so be it. Take pride in your made up numbers, if you want, as for me; Worrying about if some billion dollar company feels that i'm worthy to be in dept to them doesn't work for ME.

deadeye · May 2012

Sion. wrote: »

4. Don't take out more than one credit cards and if you do don't cut one and keep the other.

When you cancel out credit cards it harms your credit rating, I never understood why or why banks would report that SMH. Seems really petty but it is what it is. You don't need more than one credit card though.

The reason it harms your credit is because it increases your debt-to-revolving credit ratio. (not sure if that's the official term for it)

For example, if you've got 3 credit cards with $10,000 limits on each one (total $30,000 limit), and you have a total balance of $6,000...then your debt ratio is 20%.

If that balance is only on one card...and the other 2 cards have 0 balances on them...and you decide to close those 2 cards because you aren't using them...then your debt ratio goes up to 60% after you close those 2 cards because you've reduced your total available credit limit from $30,000 to $10,000.

Basically, 6/30=20%

6/10=60%

The higher your debt ratio the lower your credit score.

major pain · May 2012

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

congrats on the scores... now you're eligible to owe someone.

lol thats what good credit scores mean? you really have took too many sips of Dave Ramsey's koolaid folk..

it works for me. that's all I'm saying. I don't chase fake numbers. My shit is 745 last I checked ( maybe higher now, who cares) but since I bought my house 5 years ago. i haven't had any use for credit. I'll leave you with that.

I've heard the bold mart a lot too. The thing is nobody can say where he's wrong. strange.....

There is nothing 'fake' about credit scores. Last I looked most people arent wealthy enough to pay cash for everything, so they do have to borrow money in some form. Cars... houses.. like yourself. That 'fake' number can greatly affect how much of your cash you have to pay back.

As far as saying where Dave Ramsey is wrong... where would you like me to begin? There are entire sites and blogs dedicated to saying how wrong some of the foolishness he has people buying into. The fundamental concept of using cash only is nice, but it doesnt apply to the people that need/use his advice.

Dave Ramsey is rich and stays rich because he has people like you buying his shit. lol carry on

lost all credibility with this line.. i got it from the public library..... done....

so people in droves arent buying his shit? interesting how ALL OTHER points were ignored.. you should be done because you're not informed enough to have this conversation bruh

you said "like me" that's uninformed as hell... Now it's "all others," huh? I don't care what other people are doing. other people carry payment plans and have no problem with it. I walk into dealerships and walk out with keys and a title. i was going to get my VA loan anyway. That's how I chose to live. No fake made up numbers with no formula on how the number was pulled out of someones ass. You can attack me if that helps get your point across. As far as internet sites and blogs. i can show you a site with pictures of ufos and bigfoot. Nothing is for everybody. Big deal there's sites and blogs. if it doesn't work for you so be it. Take pride in your made up numbers, if you want, as for me; Worrying about if some billion dollar company feels that i'm worthy to be in dept to them doesn't work for ME.

people like you is what i said.. yes people like you who buy into his shit.. there are PLENTY of people that will BUY his material and that point hasnt changed..

also i said 'all others' in reference to the POINTS i made not other people

keep up.. this isnt an attack its the truth .. you dont know enough about how credit works and this is apparent through your posts

glad you brought up the VA thing... the vast majority of people that need loans dont qualify for VA programs which arent as heavily influenced by credit... so sure it 'works' for you, but the guy who didnt join the military might need to keep his shit top notch to enjoy those rates you do

Yroc · May 2012

The reason why your credit score drops when you close a cc is because you increase your utilization. Example, if you have $1000 owed on 1 cc w/a $2000 limit, yet you have another cc that you rarely use with an $8000 limit your utilization is only 10%. Great. Now if you close that cc w/the 8k limit your utilization just went up to 50% which is gonna make your credit score plummet.

Also those scores that @major posted are what people refer to as fako scores because they don't represent your genuine credit score. Lenders only use your FICO score, not the FAKO scores you get from the credit bureaus.

major pain · May 2012

deadeye wrote: »

Sion. wrote: »

4. Don't take out more than one credit cards and if you do don't cut one and keep the other.

When you cancel out credit cards it harms your credit rating, I never understood why or why banks would report that SMH. Seems really petty but it is what it is. You don't need more than one credit card though.

The reason it harms your credit is because it increases your debt-to-revolving credit ratio. (not sure if that's the official term for it)

For example, if you've got 3 credit cards with $10,000 limits on each one (total $30,000 limit), and you have a total balance of $6,000...then your debt ratio is 20%.

If that balance is only on one card...and the other 2 cards have 0 balances on them...and you decide to close those 2 cards because you aren't using them...then your debt ratio goes up to 60% after you close those 2 cards because you've reduced your total available credit limit from $30,000 to $10,000.

Basically, 6/30=20%

6/10=60%

The higher your debt ratio the lower your credit score.

Great point there are other factors too.. like the average age of your accounts. If you close your oldest account, it can greatly reduce the average age of all your accounts and thus lower your score

7figz · May 2012

major pain wrote: »

7fIG wrote: »

I listened to Dave Ramsey before but I can't fuck with all that religious shit.

It's like I'm listening to this shit for financial advice, not religion - chill with all the preaching.

dude has some good points on finance.. but anyone that thinks that shit can apply to any and EVERYONE is drinking the koolaid.. especially on the credit front

he says stuff like dont use credit cards because you WILL overspend and not be able to pay it back...

Yeah that's one of the things I remember dude saying. (the bolded) and he says it flat out - no credit cards. I also remember dude being somewhat arrogant and not having much investment advice. His advice focuses on getting people out of debt - especially religious people because he never has a show without sliding religion in.

major pain · May 2012

Yroc wrote: »

The reason why your credit score drops when you close a cc is because you increase your utilization. Example, if you have $1000 owed on 1 cc w/a $2000 limit, yet you have another cc that you rarely use with an $8000 limit your utilization is only 10%. Great. Now if you close that cc w/the 8k limit your utilization just went up to 50% which is gonna make your credit score plummet.

Also those scores that @major posted are what people refer to as fako scores because they don't represent your genuine credit score. Lenders only use your FICO score, not the FAKO scores you get from the credit bureaus.

you're right, but there is no place to get all 3 fico scores or w/o paying... certain credit unions will offer a free monthly fico for certain bureaus and walmart's credit card can get you access to your transunion free also

powerman 5000 · May 2012

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

congrats on the scores... now you're eligible to owe someone.

lol thats what good credit scores mean? you really have took too many sips of Dave Ramsey's koolaid folk..

it works for me. that's all I'm saying. I don't chase fake numbers. My shit is 745 last I checked ( maybe higher now, who cares) but since I bought my house 5 years ago. i haven't had any use for credit. I'll leave you with that.

I've heard the bold mart a lot too. The thing is nobody can say where he's wrong. strange.....

There is nothing 'fake' about credit scores. Last I looked most people arent wealthy enough to pay cash for everything, so they do have to borrow money in some form. Cars... houses.. like yourself. That 'fake' number can greatly affect how much of your cash you have to pay back.

As far as saying where Dave Ramsey is wrong... where would you like me to begin? There are entire sites and blogs dedicated to saying how wrong some of the foolishness he has people buying into. The fundamental concept of using cash only is nice, but it doesnt apply to the people that need/use his advice.

Dave Ramsey is rich and stays rich because he has people like you buying his shit. lol carry on

lost all credibility with this line.. i got it from the public library..... done....

so people in droves arent buying his shit? interesting how ALL OTHER points were ignored.. you should be done because you're not informed enough to have this conversation bruh

you said "like me" that's uninformed as hell... Now it's "all others," huh? I don't care what other people are doing. other people carry payment plans and have no problem with it. I walk into dealerships and walk out with keys and a title. i was going to get my VA loan anyway. That's how I chose to live. No fake made up numbers with no formula on how the number was pulled out of someones ass. You can attack me if that helps get your point across. As far as internet sites and blogs. i can show you a site with pictures of ufos and bigfoot. Nothing is for everybody. Big deal there's sites and blogs. if it doesn't work for you so be it. Take pride in your made up numbers, if you want, as for me; Worrying about if some billion dollar company feels that i'm worthy to be in dept to them doesn't work for ME.

people like you is what i said.. yes people like you who buy into his shit.. there are PLENTY of people that will BUY his material and that point hasnt changed..

also i said 'all others' in reference to the POINTS i made not other people

keep up.. this isnt an attack its the truth .. you dont know enough about how credit works and this is apparent through your posts

glad you brought up the VA thing... the vast majority of people that need loans dont qualify for VA programs which arent as heavily influenced by credit... so sure it 'works' for you, but the guy who didnt join the military might need to keep his shit top notch to enjoy those rates you do

buy into his shit??? I'm on track to pay off a 30 year mortgage in half the time. I'm going for 12 years though. What's fuckin with that? How is that shit? I put real numbers on a paper and got real numbers that are actually working and consistent every month. I don't give a fuck who buys his stuff. I know all i need to know about credit. it's a fools game that I'm not going to play. Bank of America stay in trouble screwing people based on credit. I guess they're the only ones doing it, though. I just posted about MY experiences. That's it. Just stuff that has happened to me. If you had different experiences fine and I'm happy for you. But my happiness and what I'm allowed to do will never be based on a report that can't even get my name right let alone the information on the report again. The only time credit trumps cash in when the predators see they can make more money off the interest they charge you. A company on the up and up will bend over backwards for you if you have cash. My last motorcycle I bought had a sticker of 10, 5. I agreed to 8 and a quarter. Yes it 'works' for me.

TheEyeronic1 · May 2012

only cuz it applies. peep my song. its actually decent.

http://soundcloud.com/eyerone/eyerone-debt

and if you rock with the song, you'll fuck with my whole EP. download it today at eyerone.bandcamp.com

LPast · May 2012

Yall can buy houses with no credit? Tell me how?

7figz · May 2012

LPast wrote: »

Yall can buy houses with no credit? Tell me how?

By paying for it outright.

powerman 5000 · May 2012

LPast wrote: »

Yall can buy houses with no credit? Tell me how?

my next hose is going to be purchased like this. I already own the land. All I gotta do is tell them put a house on it and cut the check.

LPast · May 2012

Well don't have $70,000+ right now, so I think I would need a loan.

major pain · May 2012

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

major pain wrote: »

powerman 5000 wrote: »

congrats on the scores... now you're eligible to owe someone.

lol thats what good credit scores mean? you really have took too many sips of Dave Ramsey's koolaid folk..

it works for me. that's all I'm saying. I don't chase fake numbers. My shit is 745 last I checked ( maybe higher now, who cares) but since I bought my house 5 years ago. i haven't had any use for credit. I'll leave you with that.

I've heard the bold mart a lot too. The thing is nobody can say where he's wrong. strange.....

There is nothing 'fake' about credit scores. Last I looked most people arent wealthy enough to pay cash for everything, so they do have to borrow money in some form. Cars... houses.. like yourself. That 'fake' number can greatly affect how much of your cash you have to pay back.

As far as saying where Dave Ramsey is wrong... where would you like me to begin? There are entire sites and blogs dedicated to saying how wrong some of the foolishness he has people buying into. The fundamental concept of using cash only is nice, but it doesnt apply to the people that need/use his advice.

Dave Ramsey is rich and stays rich because he has people like you buying his shit. lol carry on

lost all credibility with this line.. i got it from the public library..... done....

so people in droves arent buying his shit? interesting how ALL OTHER points were ignored.. you should be done because you're not informed enough to have this conversation bruh

you said "like me" that's uninformed as hell... Now it's "all others," huh? I don't care what other people are doing. other people carry payment plans and have no problem with it. I walk into dealerships and walk out with keys and a title. i was going to get my VA loan anyway. That's how I chose to live. No fake made up numbers with no formula on how the number was pulled out of someones ass. You can attack me if that helps get your point across. As far as internet sites and blogs. i can show you a site with pictures of ufos and bigfoot. Nothing is for everybody. Big deal there's sites and blogs. if it doesn't work for you so be it. Take pride in your made up numbers, if you want, as for me; Worrying about if some billion dollar company feels that i'm worthy to be in dept to them doesn't work for ME.

people like you is what i said.. yes people like you who buy into his shit.. there are PLENTY of people that will BUY his material and that point hasnt changed..

also i said 'all others' in reference to the POINTS i made not other people

keep up.. this isnt an attack its the truth .. you dont know enough about how credit works and this is apparent through your posts

glad you brought up the VA thing... the vast majority of people that need loans dont qualify for VA programs which arent as heavily influenced by credit... so sure it 'works' for you, but the guy who didnt join the military might need to keep his shit top notch to enjoy those rates you do

buy into his shit??? I'm on track to pay off a 30 year mortgage in half the time. I'm going for 12 years though. What's fuckin with that? How is that shit? I put real numbers on a paper and got real numbers that are actually working and consistent every month. I don't give a fuck who buys his stuff. I know all i need to know about credit. it's a fools game that I'm not going to play. Bank of America stay in trouble screwing people based on credit. I guess they're the only ones doing it, though. I just posted about MY experiences. That's it. Just stuff that has happened to me. If you had different experiences fine and I'm happy for you. But my happiness and what I'm allowed to do will never be based on a report that can't even get my name right let alone the information on the report again. The only time credit trumps cash in when the predators see they can make more money off the interest they charge you. A company on the up and up will bend over backwards for you if you have cash. My last motorcycle I bought had a sticker of 10, 5. I agreed to 8 and a quarter. Yes it 'works' for me.

lol yes buy into his shit... it took Dave Ramsey to figure out that its not a good idea to make the minimum payments on a mortgage? There are plenty of people that are keeping him rich by buying those same books you say you read in the library. He is capitalizing just like the rest of America. And you talk about 'predators'. Nothing he teaches cant be found free of charge.

If you would have listed some information that was not based on falsehoods I would believe you knew 'enough' about credit. However, you stated some very wrong things and that in turn shows you dont really know enough. Now, if you feel fine with it ok, but to say shit like cash trumps credit 100%, thats just flat out wrong. Just a small example, go try to rent a car with a debit card or cash.

Congrats on your motorcycle. Did it ever occur to you, that there was some 'markup' in that 2.5k you say you saved? You really think it was only because you walked in there with 8k in cash? lol

I see you keep dodging points I make though so, dont even worry about responding if you got it planned out.

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