How is your credit?

[Upper-cruster]

Did you check your credit score lately?

What do you do in terms of improving your credit score?

Mine is pretty decent as I have 640 pts....

 

[Sundance]

I checked mine 2 months ago..610 pts..

 

[Paulos]

Probably -314 or so.

 

[anabolicmd]

My word is good for at least 50K anywhere in my town. On a handshake I can get 75 grand. You tell me what my score is, wise guy.

 

[Paulos]

How do I check mine without paying for it?

 

[theoak01]

I cant find one of those that works in canada and doesnt charge me

 

[out_at_sea]

850

http://www.freecreditreport.com will give you 1 free one, although it is a pain to cancel the membership before they start billing you.

BS....800 is the maximum , my old friend!

The range is between 300-800..

 

[AustinTX]

850

http://www.freecreditreport.com will give you 1 free one, although it is a pain to cancel the membership before they start billing you.

 

[Upper-cruster]

BS....800 is the maximum , my old friend!

The range is between 300-800..

Correct!

 

[pitbullstl]

710....used to be higher until I borrowed against my club........it's always nice when you walk into a car dealership.....and go to buty a new car.....and you look like me shaved head....three tribal tats and about 262 and 8% bodyfat.....and none of the salespeople want to help you because the figure you can't by shit......I purchases a new H2 about three months ago.....and walked around the showroom for almost 20 minutes until someone came up to me.....finally this young kid ( had been there for about a month) comes over and asks if he can help me....I say yeah I want the black one......how long will this take.....he say's let me get my finance manager.....I then see 4-5 sales guys say outloud here comes another dreamer.....I'm thinking $52,000....big fucking deal.....evidently the kid thought I was a football player so that's why he came up to me....anyway long story short, I left two hours later with my new overpriced piece of shit Hummer......anyone wanna buy a slightly used Hummer H2 with a 6" lift and 40" tires?????

 

[AustinTX]

BS....800 is the maximum , my old friend!

The range is between 300-800..

no, there is more than one scale; just verified on the saved file. this one goes to 950. I think the one used for mortgages goes to 850, but the score doesn't show up on that one, can't remember what it was.

 

[AustinTX]

just scrolled down, this is the TRW score, not the FICO score. (That's what you get with freecreditreport.com).....

 

[out_at_sea]

no, there is more than one scale; just verified on the saved file. this one goes to 950. I think the one used for mortgages goes to 850, but the score doesn't show up on that one, can't remember what it was.

I was only aware of the 300-800 scale.

What is the other scale for?

 

[AustinTX]

I was only aware of the 300-800 scale.

What is the other scale for?

I think the FICO score is trademarked/patented/trade secret formula/whatever, and may use data from more than one reporting company (I read about it once, but obviously didn't pay attention ). It is used by mortgage lenders. I guess the TRW score is so they can fill your mailbox with crap from credit card companies targeting certain percentile scores with various offers.

 

[out_at_sea]

LOL; found the Experian one, but it's still not the FICO score. This scale goes to 820....

It usually goes to around 800...

I still dont know what is the deal with the other scale--950 maximum-- and what is the need for that particular scale.

Every score over 700 will get you the best rate..

How on earth you have such a good score? How long have you had your credit for? How old are you?

 

[AustinTX]

LOL; found the Experian one, but it's still not the FICO score. This scale goes to 820....
Notice the text that says there are many different types of credit scores used by lenders....

 

[AustinTX]

It usually goes to around 800...

I still dont know what is the deal with the other scale--950 maximum-- and what is the need for that particular scale.

Every score over 700 will get you the best rate..

How on earth you have such a good score? How long have you had your credit for? How old are you?

I'm 37. I've had credit since I was in my 3rd year of college (late 80s) which includes a couple of credit cards I still have.

The things that helped:
Accounts open for a long time (10+ years)
3 or more credit relationships (but see below too)
Higher than average credit limits
Have a home mortgage
No late payments or other negative stuff reported

Things that hurt:
Too many open accounts (such as Sears, Home Depot, stuff I don't use)
Line of credit loan; It is actually a boat loan, but it isn't reported as a mortgage, even though it is a write off as a second home LOLOLOL.

Not Sure of the impact:
Credit available vs credit used. Not sure exactly how it works, but I believe some balance is better than high or zero.

Also, I know if you take a cash advance on your credit card it is seen as a negative. Not sure if there were any of those on there, but since I use one credit card to get local currency when out of the US, they probably know about that somehow...

 

[Lao Tzu]

My word is good for at least 50K anywhere in my town. On a handshake I can get 75 grand. You tell me what my score is, wise guy.

where would your hand be shaking to get this 75 grand?

 

[Pamela]

Perfect!


I don't owe anyone any money.....

 

[Upper-cruster]

I'm 37. I've had credit since I was in my 3rd year of college (late 80s) which includes a couple of credit cards I still have.
.

Also, I know if you take a cash advance on your credit card it is seen as a negative. Not sure if there were any of those on there, but since I use one credit card to get local currency when out of the US, they probably know about that somehow...

Do you have AE? What is your limit on your credit cards?

 

[makedah]

It's pretty good for someone who makes about $14,000 a year! I have/get decent cards. I have a line of cred at the bank. I'm preapproved for a car loan at my bank and through one of my card companies. Once I get a real job, I'm assuming things will get even better.

My fico was 661 last time I checked. This is fairly low, but according to myfico.com (I believe), the low end of what folks look for when they decide if you will get a mortgage. I'll be getting out of grad school in 9 months, so I'll pay off some cards and raise that number. When I was in my early 20s, I screwed up by not paying my bills on time. BIG mistake. Took me years to get beyond that credit history.

 

[out_at_sea]

I could charge a Hummer (I'm talking H2, not a BJ, you pervs) on Mastercard.

I shitcanned AE about a year ago, see the AE thread, as I'm no longer on the road all the time, it was worthless. Well not as worthless as the corporate Dinners Club I had for a few years.

You must bedoing quite well, my friend...Do you mind me asking what do you do for keeping up with those damn credit card?

 

[AustinTX]

Do you have AE? What is your limit on your credit cards?

I could charge a Hummer (I'm talking H2, not a BJ, you pervs) on Mastercard.

I shitcanned AE about a year ago, see the AE thread, as I'm no longer on the road all the time, it was worthless. Well not as worthless as the corporate Dinners Club I had for a few years.

 

[oubeta]

Every time you check your credit you put a hit on it which lowers your score as far as I know

 

[out_at_sea]

oubeta - there is a difference between checking your own credit and the "check" that goes along with applying for more credit - which can lower your score.

True..

But as fas as I know you can lower your score only if you apply for credit and you are declined. As long you are aproved doesnt make sense to have your score butchered....

Maybe AustinTx can enlighten us....as he he the king of the CC ..

 

[makedah]

oubeta - there is a difference between checking your own credit and the "check" that goes along with applying for more credit - which can lower your score.

 

[oubeta]

True, I once in highschool applied for a motercycle loan with about 10 different banks, I didn't know I was hurting my credit ervery time they checked it,

 

[MattTheSkywalker]

My score is high 600's.

The amount you can charge or borrow is more dependent on your income than on your score. The interest rate you pay is governed largely by your score...

My score is a little bit low because I carry 7 figures of debt.