quote:

Originally posted by BleedingOrangeandGreen:

quote:

Originally posted by CrownAmbassador:
What is the deal with this? I mean I pay my bills(truck payment), I do not have any credit cards, but my credit is not considered to be good?

One of the ironies of credit. To get good high numbers you have to have credit instruments available to you (cards, loans). Then the key is to use them sparingly. You can't have a record of how reliable you are when using credit, if you don't use credit.

An easy thing to do is to use one credit card for gasoline purchases only. Listen, only buy gasoline on that card. Then have that card paid automatically from your bank account each month. If you fill up 4X a month at $30. Then have an automatic $120 sent to the credit card each month. You get a report that shows you always pay on time. You look trustworthy and reliable and don't even have to buy stamps!

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quote:

Originally posted by shine3000:

quote:

Originally posted by BleedingOrangeandGreen:

quote:

Originally posted by CrownAmbassador:
What is the deal with this? I mean I pay my bills(truck payment), I do not have any credit cards, but my credit is not considered to be good?

One of the ironies of credit. To get good high numbers you have to have credit instruments available to you (cards, loans). Then the key is to use them sparingly. You can't have a record of how reliable you are when using credit, if you don't use credit.

An easy thing to do is to use one credit card for gasoline purchases only. Listen, only buy gasoline on that card. Then have that card paid automatically from your bank account each month. If you fill up 4X a month at $30. Then have an automatic $120 sent to the credit card each month. You get a report that shows you always pay on time. You look trustworthy and reliable and don't even have to buy stamps!

Exactly

also, it's good to have a lot of different tradelines. Some people think that they have good credit because they don't have any credit cards, but they have a car loan or they pay their bills on time. However, you must have revolving credit, installment accounts are not nearly enough. Many parents do their kids a grave injustice of telling them that credit cards are bad. So as college students, they avoid getting credit cards. When they graduate, they are kicking themselves in the head because now, it's hard to get credit cards. My brother is 24, and has never had a credit card. I am 26 and have had dang near 25 in my life. Early on, I had a couple of lates. but I have been darn near perfect on paying them. My only dings have been medical collections and cell phone collections, and I have methodically gotten rid of most of those. On another note: I added my 4 month old son to 3 of my credit cards. By the time he is 18, his credit will be ridiculously good, because he will have an 18 year credit history, and thousands of dollars in credit. My good deeds will pass on to him. So I'd advise anyone responsible to add their child as an authorized user on your cards. but only the cards with good payment history.

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"breathin is a gift that's why it's called the present"

quote:

Originally posted by shine3000:
Crown, try with a Bank of America Secured card

Your case is exactly what I am talking about. It is harder to get credit the older you get without having credit.

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"breathin is a gift that's why it's called the present"

quote:

Originally posted by CrownAmbassador:

quote:

Originally posted by shine3000:
Crown, try with a Bank of America Secured card

Your case is exactly what I am talking about. It is harder to get credit the older you get without having credit.

Thanks

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quote:

Originally posted by shine3000:
Holla at me if you want to get it fixed

All for free.

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Jackson State's cut from the SCG

quote:

Originally posted by B Triple:

quote:

Originally posted by shine3000:
Holla at me if you want to get it fixed

All for free.

Student loans are kicking my azz.

It's to the poitn where it looks hopless.

But for some reason my credit score is pretty good.

I don't get it.

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quote:

Originally posted by PapaGrizzly:

quote:

Originally posted by ProducinPirate:
I might have to check into that...student loans kickin my arse.

Dude if you haven't consolidated think on it...unless you have some that are farely low then what you can do is bite the bullet and either pay them off or get a low interest 5% loan and pay off the 8%. The difference a bank loan and a Sallie Mae loan is the way payments are handled.

Sallie Mae takes excess payments and puts them in a non-appreciating escrow account (oh it appreciates for them just not you so in other words the lagniappe you add to your monthly is just sitting in an account doing nothing) They leave that money there until you add up enough extra payments to equal one full payment. Which means Sallie Mae does not allow you to reduce your average daily balance.

A Bank Loan would allow you to pay extra thereby reducing your Avg Daily Balance and overall finance charges because any extra would be immediately applied to the principal.

quote:

On another note: I added my 4 month old son to 3 of my credit cards. By the time he is 18, his credit will be ridiculously good, because he will have an 18 year credit history, and thousands of dollars in credit. My good deeds will pass on to him. So I'd advise anyone responsible to add their child as an authorized user on your cards. but only the cards with good payment history.

quote:

Originally posted by shine3000:
This is the absolute BEST site in the world:

www.creditboards.com

I think QueKaa put me on to it. Since I joined, my credit is now ridiculous . I'm getting approved for cards left and right. Got approved on the spot today for American Express. Also, got $20,000 in credit limit increases in the past week

I put this here because no one will read it in the business section. We all need to be informed of certain things going on with the banks. We all need to know how to work things in our advantage. For instance, I never knew it was actually silly to pay off a collection account. Now I know it is. If you can cut out 30 minutes a day on mf.com and spend it on cb.com, you will NOT regret it. TRUST me

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K.J.Mitchell, J.D.
Man Up......or Get Wrecked !!!!!!
Spg.Y2K-#3-KA2
The NastyY2"K9"
TongueDawgQue
F.I.E.T.T.S.

"A man must have a code.....Bunk from the wire Season 1"

quote:

Originally posted by Que3KAA:

quote:

Originally posted by shine3000:
This is the absolute BEST site in the world:

www.creditboards.com

I think QueKaa put me on to it. Since I joined, my credit is now ridiculous . I'm getting approved for cards left and right. Got approved on the spot today for American Express. Also, got $20,000 in credit limit increases in the past week

I put this here because no one will read it in the business section. We all need to be informed of certain things going on with the banks. We all need to know how to work things in our advantage. For instance, I never knew it was actually silly to pay off a collection account. Now I know it is. If you can cut out 30 minutes a day on mf.com and spend it on cb.com, you will NOT regret it. TRUST me

What up Shine.....
Thanks for the props on cridetboard.com...The inoformation on this is site is off the chain. Shine is right I only a little bit of the info last September and 11 of 12 bad ratings were removed. I saved a lot of money and gained 200 points on my score. There are lot of things that are not free but this is. Check it out.

Want more proof...I had not had a credit card in almost 5 years do to poor credit..I just went to the mail box and got a card with a very high limit !!!!

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quote:

Originally posted by shine3000:

quote:

Originally posted by Que3KAA:

quote:

Originally posted by shine3000:
This is the absolute BEST site in the world:

www.creditboards.com

I think QueKaa put me on to it. Since I joined, my credit is now ridiculous . I'm getting approved for cards left and right. Got approved on the spot today for American Express. Also, got $20,000 in credit limit increases in the past week

I put this here because no one will read it in the business section. We all need to be informed of certain things going on with the banks. We all need to know how to work things in our advantage. For instance, I never knew it was actually silly to pay off a collection account. Now I know it is. If you can cut out 30 minutes a day on mf.com and spend it on cb.com, you will NOT regret it. TRUST me

What up Shine.....
Thanks for the props on cridetboard.com...The inoformation on this is site is off the chain. Shine is right I only a little bit of the info last September and 11 of 12 bad ratings were removed. I saved a lot of money and gained 200 points on my score. There are lot of things that are not free but this is. Check it out.

Want more proof...I had not had a credit card in almost 5 years do to poor credit..I just went to the mail box and got a card with a very high limit !!!!

Congratulations brother

Thanks for putting me on to the board.

I just got approved for a Discover Card this morning at $4000 . I have added about $20,000 in credit in the past week or 2.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
K.J.Mitchell, J.D.
Man Up......or Get Wrecked !!!!!!
Spg.Y2K-#3-KA2
The NastyY2"K9"
TongueDawgQue
F.I.E.T.T.S.

"A man must have a code.....Bunk from the wire Season 1"

quote:

Originally posted by Que3KAA:

quote:

Originally posted by shine3000:

quote:

Originally posted by Que3KAA:

quote:

Originally posted by shine3000:
This is the absolute BEST site in the world:

www.creditboards.com

I think QueKaa put me on to it. Since I joined, my credit is now ridiculous . I'm getting approved for cards left and right. Got approved on the spot today for American Express. Also, got $20,000 in credit limit increases in the past week

I put this here because no one will read it in the business section. We all need to be informed of certain things going on with the banks. We all need to know how to work things in our advantage. For instance, I never knew it was actually silly to pay off a collection account. Now I know it is. If you can cut out 30 minutes a day on mf.com and spend it on cb.com, you will NOT regret it. TRUST me

What up Shine.....
Thanks for the props on cridetboard.com...The inoformation on this is site is off the chain. Shine is right I only a little bit of the info last September and 11 of 12 bad ratings were removed. I saved a lot of money and gained 200 points on my score. There are lot of things that are not free but this is. Check it out.

Want more proof...I had not had a credit card in almost 5 years do to poor credit..I just went to the mail box and got a card with a very high limit !!!!

Congratulations brother

Thanks for putting me on to the board.

I just got approved for a Discover Card this morning at $4000 . I have added about $20,000 in credit in the past week or 2.

Remember to hold on to it !!!! The more you have the better things will be.

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quote:

Originally posted by shine3000:

quote:

Originally posted by Que3KAA:

quote:

Originally posted by shine3000:

quote:

Originally posted by Que3KAA:

quote:

Originally posted by shine3000:
This is the absolute BEST site in the world:

www.creditboards.com

I think QueKaa put me on to it. Since I joined, my credit is now ridiculous . I'm getting approved for cards left and right. Got approved on the spot today for American Express. Also, got $20,000 in credit limit increases in the past week

I put this here because no one will read it in the business section. We all need to be informed of certain things going on with the banks. We all need to know how to work things in our advantage. For instance, I never knew it was actually silly to pay off a collection account. Now I know it is. If you can cut out 30 minutes a day on mf.com and spend it on cb.com, you will NOT regret it. TRUST me

What up Shine.....
Thanks for the props on cridetboard.com...The inoformation on this is site is off the chain. Shine is right I only a little bit of the info last September and 11 of 12 bad ratings were removed. I saved a lot of money and gained 200 points on my score. There are lot of things that are not free but this is. Check it out.

Want more proof...I had not had a credit card in almost 5 years do to poor credit..I just went to the mail box and got a card with a very high limit !!!!

Congratulations brother

Thanks for putting me on to the board.

I just got approved for a Discover Card this morning at $4000 . I have added about $20,000 in credit in the past week or 2.

Remember to hold on to it !!!! The more you have the better things will be.

I'm at about $55-60,000 right now. My goal is to get to $100,000 in the next 4 months.