gryf

22 Contributions 27 People Helped Top Contributor

Member Since: March 2014

Most Helpful Contribution

My eqifax is 491 what do I do

Mar 11, 2017
Helpful to 19 out of 26 people

Doesn't have to be tithe to a church. ....but trust me. Even when you're up sh*t creek, look to what you can give / do / participate in the betterment of your community.

Activity (22 Total Contributions)

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My eqifax is 491 what do I do

Mar 11, 2017
Helpful to 19 out of 26 people

Doesn't have to be tithe to a church. ....but trust me. Even when you're up sh*t creek, look to what you can give / do / participate in the betterment of your community.

I have credit cards I never have used or don't use should I cancel them or will that hurt my credit

Mar 03, 2016
Helpful to 2 out of 2 people

Enter Your Reply:  If you've got open cards to pad your score because your other balances are a high percentage, recomend paying that balance down first.

I did this once, and it worked GREAT!  with that extra line of credit my score went up...and then I was tempted to use that other card as well.

Decided I was better off to close that other card and use the pinch on my score to motivate me to actually PAY DOWN my debt!

I don't understand a how a score can just drop suddenly 35 points for just an accountincreasing $100...

Mar 11, 2017
Late?
Helpful to 1 out of 1 people

Possible that you got gigg'd for a "late payment" because the knuckleheads applied it incorrectly?

How many revolving credi accounts do I need to have active in order to increase my credit score?t

Mar 10, 2017
Helpful to 1 out of 1 people

Well, you should just be glad that The Great FICO doesn't dock your score further.

It's patently obvious that you're diligent with your records and pay off quickly. You're a poor prospect. Banks don't want you because they'll make less on you.

If you want to raise your score, you have to carry balances. The algorithms behind that score were written and modified by 10lb brains who were paid a lot of money to figure out how to con us.

Trends by Age

Dec 13, 2016
Helpful to 1 out of 1 people

Dave Ramsey. He's rabidly anti debt because of personal history, a Christian, and he sells stuff. But a lot of his resources are free and the information is there for you to use as you see fit.

His brand also has a "foundations in personal finance" class that is available to high school kids, and another scaled to be appropriate for middle school age.

Marketing starts working on kids immediately, high time we offer the knowledge to defend themselves.

I have credit cards I never have used or don't use should I cancel them or will that hurt my credit

Mar 03, 2016
Helpful to 1 out of 1 people

Enter Your Reply:  Axe them!  They're just a liability.

What credit score do i need for a 2k or 5k credit card limit?

Mar 03, 2016
you're not going to like to hear this...
Helpful to 1 out of 2 people

but here goes....

  Take this with a grain of salt, I presume you're a young adult just about to get out on your own.:

  With your current low income and the fact that you have no other history with responsibly managing your own finances, NO ONE is going to give you credit at a reasonable rate.

1-Make more money.  Either hunt down a better job, pick up more hours, or even yard work around the neighborhood.

2-Get a money market account with a reputable bank and start socking away some cash, keep at it until you have 5 months of household expences (Groceries, Fuel, Insurance, Rent, Utilities).  I say 5 months because I recommend 3 months emergency that you DO NOT TOUCH unless hell freezes and the zombies are on the way.

3-Use that remaining 2 months worth of funds in your moneymarket to get your own place.

You live with your folks, you're not independant, and you're not running your own household.  Of course you only have 800 available credit.

  --get out on your own

Trends by Age

Mar 11, 2017

The auto insurance calculation is not quite the same formula as FICO.

These hucksters are pros, fair bet that if you've a high score to get a low insurance rate, it's in their interest, not yours.

I have had it up to my eyeballs with what the credit industry tries to do to people.

If an employer only looks at a number and ignores the fact that I'm fiscally responsible and live BENEATH my means. ...they're too stupid to deserve me.

About that mortgage: you need an institution that will do manual underwriting. This looks at the details of a person's financial situation & not just a snake-oil number.

Trends by Age

Mar 11, 2017

You've a paid for house. ....what do you need a credit score for?

Trends by Age

Mar 11, 2017

Yep.
Credit is a game. You're feeding quarters (interest payments) into the machine for the privilege of starting another game and paying more interest.

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