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Old 10-15-2012, 02:01 PM   #14621
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I tried checking my credit score but it didnt seem to work. The report itself was populated, but the section that shouldve shown the score was blank. What site do you guys use to check your scores?
Also, bear in mind that there is a difference between a credit report and a credit score.

The credit report is a line-by-line rundown of every loan, credit card, etc., you have ever had, a breakdown of whether you made all the payments on time, how much of a balance you carried, etc. This is all just plain ole' factual information, and is easy to check for errors. In other words, if they claim that you defaulted on a home mortgage in Arizona in 2008, and you've never even been to Arizona, that's a reporting error that can be corrected.

The score itself is a single number which is computed by some secret formula which we mortals are not privy to. In fact, each of the three major credit reporting agencies (Equifax, Experian, Trans-Union) have a different method for computing it, and while they usually produce results which are close to one another, your credit score can be expected to vary slightly from one to the next.

A typical credit report (eg: the sort obtainable here) does not include the credit score. The companies want to charge you money to see that.
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Old 10-15-2012, 02:10 PM   #14622
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Whats funny is when your lender checks it, then calls you 2 months later and wants to know who looked at your credit score and why...
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Old 10-15-2012, 02:25 PM   #14623
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Ive had one cc in my name since 2006. $700 credit line on it. I think I need to get that increased to get a better ratio. Never been late, never carried a balance.

I tried checking my credit score but it didnt seem to work. The report itself was populated, but the section that shouldve shown the score was blank. What site do you guys use to check your scores?

I bet my credit limit on my cards is greater than what most people here make in a year. But I do pay them off in full every month. 1% cashback + $X000 of monthly charges = winning!!!

My credit score did not budge above 750 for years. Then it pooped down to 700 cus I forget to pay a stupid verizon phone bill and it went to collections in 2006. I now have a car loan with $2000 left and hopefully, with that third type of debt my score can get nice and high.


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I'm going to write them off as off-nights, but I don't see the point in dancing with cute inebriated chicks who are 35 ex-military MILFs who passed out on the sidewalk, or the skinny 20's-something one who was kissing one of the other guys in our group. I wouldn't dare stick my ***** inside one of them.

The younger girl was pretty cute though, and if she weren't so drunk, I would've taken her home and shown her my 2-story garage. But instead she called me gay, which was cool, because I drive a miata.

Oh BTW, This breakup has been a looooooooooooooooooooooooooooooooooooooooooooooooo oooooooooooong time coming for me. Relationships happen to be that way for me for some reason. I dare not let something carry on like this ever again.

Bryce, come to DC. You can stay with me and sleep on my couch and we can snuggle. I will take you out with my harem of lawyers, strippers, doctors, and burlesque dancers and we will cure you of your woes.
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Old 10-15-2012, 03:49 PM   #14624
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I've never had a credit card. I started realizing recently that this is a bad thing.
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Old 10-15-2012, 03:51 PM   #14625
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I've never had a credit card. I started realizing recently that this is a bad thing.
It can be a good or bad thing, depending on how you use it.
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Old 10-15-2012, 03:54 PM   #14626
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I got my first credit card a couple years ago. I got it completely on a whim...I was purchasing a couple hundred dollars worth of clothes and they were offering something like 40% off your purchase if you signed up. Figured it was worth it to take 10 minutes to sign up and then another 10 minutes to cancel.

Never bothered to cancel it (which is I'm sure what they are planning on). It has no annual fee, so I figure it's not hurting anything. I've used it maybe 2 times to make purchases when slickdeals posted some ridiculous deal I couldn't pass up, but I wanted to spread the payment out over a couple weeks. I've never carried a balance over from one billing cycle to the next.
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Old 10-15-2012, 03:56 PM   #14627
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It can be a good or bad thing, depending on how you use it.
I'm extremely frugal and smart about money spending. I've never needed a credit card. Probably why I don't have one. But now, I'm starting to realize that I should be getting one just to build up some credit. I'm sure I can have Brain style scores with my jewness.
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Old 10-15-2012, 04:40 PM   #14628
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Originally Posted by viperormiata View Post
I'm extremely frugal and smart about money spending. I've never needed a credit card. Probably why I don't have one.
One could argue that you might not be as smart about money as you think if you've never had a credit card. Even something as basic as others have discussed (get a low limit card, charge some basics, pay off every month, increase limit, rinse, repeat) should be beneficial for down the road should you want to look at buying a home or financing a car at favorable rates.

Carrying zero debt is not always the smartest option. It can be a smart option, but not always the smartest.


We even put car down payments on the credit card. It's like knocking a couple of hundred dollars extra off the purchase price (via cashback from the card).

Last edited by Scrappy Jack; 10-15-2012 at 04:41 PM. Reason: Quotation marks seemed condescending
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Old 10-15-2012, 07:26 PM   #14629
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Originally Posted by viperormiata View Post
I'm extremely frugal and smart about money spending. I've never needed a credit card. Probably why I don't have one. But now, I'm starting to realize that I should be getting one just to build up some credit. I'm sure I can have Brain style scores with my jewness.
Yah

for non-plebes credit cards are great for

rental car insurance
trip protection
extended warranties
SCAM/FRAUD PROTECTION
CASH BACK
building your credit score
dicks
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Old 10-15-2012, 07:38 PM   #14630
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So I found out I have a couple "outstanding" little bullets on my credit report.

I have one warrant for my arrest for not paying a traffic ticket in Las Vegas 3 years ago (that I don't really remember getting).

I have a bill for my car insurance (that I don't use anymore... since you know.. japan) that has $70 left, and hasn't had a payment since I've been out here.

I have one credit card that frequently passed the 30% threshold.. and I think I'm gonna cut that card up once I pay it off and open a securities credit card.

I also have one checking account with wells fargo with outstanding fees (I don't even use it anymore, I have like 50 bucks in it) and yeah..


soooo... my debt might be in total of 600 dollars (big whoop, wanna fight about it?) but my credit score got blitzkrieged like yo mama's butthole on wedding night.
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Old 10-15-2012, 09:45 PM   #14631
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worrying about your utilized debt ratio when you have outstanding anything is like worrying about polishing the scratches out of a totaled car.

Aside: I bought new windows for my house on a credit card. there was a triple points promotion going on at the time. WINNAR.
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Old 10-15-2012, 10:08 PM   #14632
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Yeah.. I figured.

Selling some excess parts to come out clean.


Can we no longer talk about finances? I'm over it... and it depresses me.
Can we talk about killing people now?
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Old 10-16-2012, 01:30 AM   #14633
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Ahh. I figured when I got a free credit report I would see my credit score. That's lame.

Quote:
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Bryce, come to DC. You can stay with me and sleep on my couch and we can snuggle. I will take you out with my harem of lawyers, strippers, doctors, and burlesque dancers and we will cure you of your woes.
Might take you up on that offer one day.
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Old 10-16-2012, 01:19 PM   #14634
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It's not ok to cut up your card. You want to have a little activity on it each year or it will go dormant and hurt your available credit ratio. You also shouldn't close the account for the same reason.

I have one card that is only used for the monthly home burglar alarm billing and that keeps the account active. I'm no baller but having six figures of available credit and not using any of it is a pretty calming security blanket. It isn't money in the bank or anything, but it makes you feel like you could deal with a short term emergency if one arose without tapping into the 401k.
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Old 10-16-2012, 01:25 PM   #14635
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Yeah, don't kill off a card you have had for 15 years with a $30k limit just because you got pissed off with Citibank for being idiots.
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Old 10-16-2012, 01:45 PM   #14636
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Bah. If your credit score can't take a hit like that once in a while, it doen't mean much.

I cancelled a Discover card I had for years. Reason was, my wife had a different card, and she had everything setup online to pay bills with it. So I cancelled mine, and she got me a second card on her account, but it had my name on it. Discover called me for weeks afterwards begging me to "come back". I HAVE a discover card, you morons. I'd even give them the account number, but they still kept calling.

I used to get many more offers when I was single. I even got one in my cat's name once, so I accepted it as a joke. Killa Leete had a gold visa with a $5k limit! I finally cancelled it after he died. Wish I'd kept the card.
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Old 10-16-2012, 02:00 PM   #14637
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I even got one in my cat's name once, so I accepted it as a joke. Killa Leete had a gold visa with a $5k limit!


Dare I ask whether the name "Killa" showed up on your credit report as a result?
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Old 10-16-2012, 02:07 PM   #14638
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Originally Posted by Scrappy Jack View Post
One could argue that you might not be as smart about money as you think if you've never had a credit card.
Unfortunately this is what I am beginning to understand. I started looking into different CC's and reading a few how-to guides on starting a line of credit.

Quote:
Originally Posted by Faeflora View Post
Yah

for non-plebes credit cards are great for

rental car insurance -I'm not old enough to rent a car
trip protection -That does interest me. I took a trip two weeks ago and did it entirely in cash
extended warranties -Also Interesting
SCAM/FRAUD PROTECTION -Big boner for that.
CASH BACK -Another erection
building your credit score -Kinda the whole point to me wanting one
dicks -Ok
Thanks, Min.
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Old 10-16-2012, 02:21 PM   #14639
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<faefae invites bryce to dc for shenanigans>

Might take you up on that offer one day.

I also have friends with a lot of drugs. I do not partake myself, but I have seen that a highly effective way to deal with a painful life event and shove it way back far out of your conscious mind is to create a problem much greater than the original problem you were dealing with. Drugs are good for this.


Quote:
Originally Posted by sixshooter View Post
It's not ok to cut up your card. You want to have a little activity on it each year or it will go dormant and hurt your available credit ratio. You also shouldn't close the account for the same reason.

I have one card that is only used for the monthly home burglar alarm billing and that keeps the account active. I'm no baller but having six figures of available credit and not using any of it is a pretty calming security blanket. It isn't money in the bank or anything, but it makes you feel like you could deal with a short term emergency if one arose without tapping into the 401k.

WAIT

whats a 401k?
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Old 10-16-2012, 03:12 PM   #14640
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Dare I ask whether the name "Killa" showed up on your credit report as a result?
Nope. Card offer was addressed to Killa Leete. No idea where they got the name. I just signed on the dotted line and they send me a card.

Once, years later, my wife and I came home to find a message on the answering maching. A male voice said, (and I'm paraphrasing) "This message is for Killa. We had a great time yeaterday. Thanks for letting us use your club membership, had my best round ever."

Apparently, my cat had a much more active social life than I ever imagined.
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