gryf

22 Contributions 29 People Helped Top Contributor

Member Since: March 2014

Most Helpful Contribution

My eqifax is 491 what do I do

Mar 11, 2017
Helpful to 21 out of 30 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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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!

My eqifax is 491 what do I do

Mar 11, 2017
Helpful to 21 out of 30 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 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.

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.

Trends by Age

Mar 11, 2017

Yep!

If more people refused to dance to the creditors tune, maybe the framework used in lending would be more favorable to the consumer.

Can my boyfriend now engaged list his income on a credit application of we share money?

Mar 05, 2016

You're not actually married yes yet, and just because you could do it, does not guarantee morning will go sideways

Credit card co taking me to court

Mar 05, 2016

DO NOT GIVE THEM ANY INFO!

Is it better to try to get a credit increase or a personal loan to pay off 1 highly utilized account...

Mar 05, 2016
Pay it down

If you're having trouble living on your current income, opening the door to higher debt will do you no favors in the long run.

What's next? I've got my credit score to 700+ with prepaid cards

Mar 05, 2016
Edit to add....

....wit everything else you've accomplished last year, just dig in for a little while longer and have that 1000 in savings!

What's next? I've got my credit score to 700+ with prepaid cards

Mar 05, 2016
Why?

Sounds like you're getting things done in your life. ...why do you want a "real" credit card?

75% utilization as of now, need help with plan

Mar 05, 2016
And another thing. ...

The faster you get it paid down, the less interest those buggers will get out of you!

Advice needed on new Secured Credit Account opened by "accident"

Mar 05, 2016
If raise hell

If your report is clean and your score is in 700'a I fail to understand why they think they deserve to hold a deposit on you.

Call them up, make a point of being very pleasant worth whomever you talk to. ...they have a rough job. Tell them something like this. ..

"I'm in the market for better terms, have no problem with you guys, but I've had offers of better terms. What can you guys do to lower my rates, or return my deposit.

Don't tell them what other offers you have, just politely ask them to do better than they ate now and see what they come up with.

i have zero balance on walmart card and on transunion its $1200 for 2 months. Experian its zero.

Mar 05, 2016
Unclear...

Your balance on the card is, in fact zero? Should be an easy fix with a call to Walmart.

I have a question about keeping your credit utilization below 30%

Mar 05, 2016
A bit

I had similar situation. I used a 0% offer on one card. That nearly maxed out that one card and my overall utilizing was about 25%. I'd been actively tracking my credit and I did see it being my score down a few points. I had clean credit at the time and it was a maybe 3 or 4 points that I quickly recovered when the inner card was paid down.

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 3 people

Pick up another debt, pay as agreed. Not early.

The algorithms behind that credit score are designed to "reward" you for reliably sending a creditor interest payments.

They also punish you for being a deadbeat. From a bankers POV there are two kinds of "deadbeats":
1-those who don't pay.
2-those who pay early so bankers make less money on that debt.

The whole thing is a scam. If you want to have a good score: Be a good rat and keep the little wheel spinning.

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 3 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

Fraud and Interest

Mar 11, 2017
Feeling blackmailed...
Helpful to 0 out of 1 people

Well....close. the technical term is "extortion".

"Gee Vinnie...I sure would hate to see something bad happen to the pretty little ladys credit score. "

The mob isn't dead, they've just gone corporate.

Take the hit, get those leaches out of your life.

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