quick credit card question

[the.gladiator1987]

My limit is 300 bucks. Every month (past 6 months) I have been using it up to 300 and paying it all off back to 0 dollars. Is that bad?

Also, it says my minimum payment this month is only $15. if i payed 150 instead of 300 would that be bad?

I will make a video for the winner. lol jk

 

[DannoMight]

its fine i did the same thing. i usd mine for gas and other bs to get my credit going. I also took out suriety loans on myown money as well. Once you start procrastinating its hard to stop.

 

[-SD-]

Its not bad since youre paying it all off but ideally you want to run it up about half then pay it all off again. The reason is it looks like you need too much on the CC by maxing it out all the time. Credit is like chicks, the more desperate you act for it, the less you get. And obviously if your minimum payment is $15 and you pay $150 then thats good.

 

[the.gladiator1987]

Ok im only gonna run it up half, i have a bad tendency to run it all the way up just because "its there"

i usually use mine for food and gas but i only let it last a week and half maybe 2 weeks most of the time

 

[the.gladiator1987]

Credit is like chicks, the more desperate you act for it, the less you get.

damn, no wonder i dont get laid

 

[-SD-]

Dont view a cc as "extra money", only use it for things you buy anyway like food/gas like youre doing.

 

[-SD-]

damn, no wonder i dont get laid

I thought you pulled madd trim rob

 

[the.gladiator1987]

Dont view a cc as "extra money", only use it for things you buy anyway like food/gas like youre doing.

exacolli

do u know how long it will be before they will raise my limit? ive had this credit card for 3 years

 

[the.gladiator1987]

I thought you pulled madd trim rob

i do but lately no because of my ex and shit and i dont get to go out ever cuz of work this is the time where i really need a g/f who i can jus come home to, plow down on my couch, take my pants off, and have her suck my dick while i watch tv

 

[-SD-]

exacolli

do u know how long it will be before they will raise my limit? ive had this credit card for 3 years

You have to ask them. After 3 years if youve been a good rob paying it they would probably double it.

 

[miplank]

credit is something lenders will give you if you can prove you don't need it.

 

[musclemom]

Dont view a cc as "extra money", only use it for things you buy anyway like food/gas like youre doing.

They can be handy IF you can keep yourself disciplined and IF you get paid less than weekly. I get paid twice a month (on the 8th and the 23rd, which is like the weirdest pay schedule I've ever heard of), we couldn't keep gas in the car if it weren't for credit cards, but we keep the balance paid off .... except for a couple super low interest rate ones that are carrying very big balances that I'm basically treating as three to five year loans.

 

[ortiz34]

I just paid off mine in the fall
fucking 17k

Don't really use them anymore.

 

[miplank]

lol@cc's...all you need is a debit.



if you can't afford it now, you can't afford it later.

 

[the.gladiator1987]

its kind of like a way to pay for gas when i have to wait a couple days for my check to come in...but I need to stop sepnding it all the way to my limit thats my problem

 

[ortiz34]

lol@cc's...all you need is a debit.



if you can't afford it now, you can't afford it later.

yep, that's how I roll now that I no longer spend my income on drugs and using my cc's for everything else. CC's suck, but good to have a couple for credit and emergency.

 

[miplank]

its kind of like a way to pay for gas when i have to wait a couple days for my check to come in...but I need to stop sepnding it all the way to my limit thats my problem

if you have to use a cc to put gas in your car because there are a few days left before you get paid you're doing something wrong.

You need to look at what and where your money is going and adjust it.

 

[miplank]

yep, that's how I roll now that I no longer spend my income on drugs and using my cc's for everything else. CC's suck, but good to have a couple for credit and emergency.

I don't even have any for an emergency. Really if you're doing things right you should atleast have a few months salary squirrled away for said emergency.

 

[the.gladiator1987]

if you have to use a cc to put gas in your car because there are a few days left before you get paid you're doing something wrong.

You need to look at what and where your money is going and adjust it.

lol bro have u seen my debt? In about 6 months ill have about 5000 paid off which cuts my monthly expenses in half, literally half my bills are tickets

jus a bunch of stupid shit too, like insurance down payment of 455 r u fuckin kidding me? smog and registration, speeding ticket bullshit

 

[miplank]

lol bro have u seen my debt? In about 6 months ill have about 5000 paid off which cuts my monthly expenses in half, literally half my bills are tickets

jus a bunch of stupid shit too, like insurance down payment of 455 r u fuckin kidding me? smog and registration, speeding ticket bullshit

no, I haven't seen your debt...but I bet you if you wrote down every dollar you spent in a month I could find a ton of stupid shit you're wasting money on that could get you out of debt faster.

 

[SpyWizard]

nope, you need to keep a 50% balance.. and it needs to be used every month..

that's if you are attempting to build your credit score..

you also need 3 to do this faster..

secured
gas card
major store..

and for goodness sake if you have something negative on your credit report please just write a letter refuting it..

 

[the.gladiator1987]

u can refute something on ur cc report even if its ur fault?

plankton ur prob right. Ill pay someone to make me a budget

 

[the.gladiator1987]

nope, you need to keep a 50% balance.. and it needs to be used every month..

that's if you are attempting to build your credit score..

you also need 3 to do this faster..

secured
gas card
major store..

and for goodness sake if you have something negative on your credit report please just write a letter refuting it..

im workin on gettin a secured cc right now. a gas card from where? and major store like jcpenneys? i cant get approved for that lol i jus tried

 

[-SD-]

no, I haven't seen your debt...but I bet you if you wrote down every dollar you spent in a month I could find a ton of stupid shit you're wasting money on that could get you out of debt faster.

for the fuckin win

 

[miplank]

u can refute something on ur cc report even if its ur fault?

plankton ur prob right. Ill pay someone to make me a budget

lol@paying someone to do something you could easily do yourself.


no wonder you're dick broke. lol

 

[the.gladiator1987]

lol@paying someone to do something you could easily do yourself.


no wonder you're dick broke. lol

i was jokin fag lololol @ u thinkin id pay someone to make me a budget which would take me 2 seconds

im not dick broke either i just am a 21 y/o college student tryin to get by in this fucked up economy, im not doin too bad. talk all the shit u want but id rather have my avenger than ur meximelt trucks

 

[lartinos]

I remember being in college and finally understanding how the credit system worked. Seemed like only a retard would run up a credit card, money isn't free.
Even though I had plenty of money in my bank account I was rejected when I wanted a CC for lack of credit history. Meanwhile I had irresponsible friends running up their CC and I had no idea how they got one. I also didn't understand when I got out of college how I had friends making not that much money were buying expensive houses. Wasn't until the real state market fell apart that that made sense to me.

 

[miplank]

i was jokin fag lololol @ u thinkin id pay someone to make me a budget which would take me 2 seconds

im not dick broke either i just am a 21 y/o college student tryin to get by in this fucked up economy, im not doin too bad. talk all the shit u want but id rather have my avenger than ur meximelt trucks

pics of your bank statement or you're dead broke.



and my trucks aren't my daily drivers. They're a hobby of mine. I have other vehicles (CTS4 & an Aura), and just one of those trucks cost more than you make in a year cocksucker.

 

[the.gladiator1987]

pics of your bank statement or you're dead broke.



and my trucks aren't my daily drivers. They're a hobby of mine. I have other vehicles (CTS4 & an Aura), and just one of those trucks cost more than you make in a year cocksucker.

fuck you bitch youll find a way to get into my account or some shit u stalking fuck

i could care less if one of ur ice cream trucks cost more than what i make in a year, how old are you? lol @ comparing ur income to a 21 y/o. at least i got some balls to post a vid for ammie bitch

 

[miplank]

fuck you bitch youll find a way to get into my account or some shit u stalking fuck

i could care less if one of ur ice cream trucks cost more than what i make in a year, how old are you? lol @ comparing ur income to a 21 y/o. at least i got some balls to post a vid for ammie bitch

I'm 28

Bought my first house at 22, built a brand new house at 25.

 

[the.gladiator1987]

I'm 28

Bought my first house at 22, built a brand new house at 25.

congratufuckinlations

ill have my own business and my own house at 25 thats guaranteed

 

[lartinos]

congratufuckinlations

ill have my own business and my own house at 25 thats guaranteed

babysteps rob. Worry about those first..

 

[musclemom]

congratufuckinlations

ill have my own business and my own house at 25 thats guaranteed

Real estate ownership is highly overrated.

 

[the.gladiator1987]

babysteps rob. Worry about those first..

ur right bro.

 

[-SD-]

You robs are forgetting teh 6'4", 250, 3% BF, lambo in garage stuff

 

[shirlene29]

I didn't read the whole thread past a few posts but you were given good but not ideal advice...maybe someone already mentioned it but

IDEALLY fico only likes to see 10% and under usage...now if you run it up to max then pay it off before its due date...thats great, but its reporting date is probably different
ie: one of my credit cards is due on the 11th but the statement cuts to the credit bureaus on the 30th..so if I have a balance on the 30th it gets reported then, whether I pay it by the 11th or not

usage is good for about 30% of your score...I generally ignore this unless I'm getting ready to make a large purchase...like when we got the mortgage I didn't charge anything to anything for 6 mths



I also don't keep any card that has an anual fee and doesn't have some sort of rewards program and doesn't have at least a 5 figure limit

fico also likes to see two credit cards that aren't store cards, ie amex, visa, mc or discover, one installment loan (car, personal loan) and one mortgage

paying in full is good but its not the whole equation. it looks at age of accounts, payment history (one 30 day late will totally fuck you) and credit types as well as some obscure shit like your limits etc

 

[miplank]

Real estate ownership is highly overrated.

lol

 

[-SD-]

Credit is like the NFL quarterback rating system, you aint gonna figure it all out.

 

[musclemom]

lol

LOL for stating the obvious or something else?

 

[-SD-]

LOL for stating the obvious or something else?

Its mitch, take a wild guess lol

 

[shirlene29]

Credit is like the NFL quarterback rating system, you aint gonna figure it all out.

this ^^^

that and there are like 9 different fico scoing systems..just depends on which one you land on

 

[miplank]

LOL for stating the obvious or something else?

how is real estate ownership over rated?

 

[musclemom]

how is real estate ownership over rated?

Easy, if you were in an upside down mortgage, and it happened through no fault of your own, or if you had bought a house with a fixed rate mortgage that after 20 years was potentially not worth what you bought it for originally, you'd feel very similar.

 

[miplank]

Easy, if you were in an upside down mortgage, and it happened through no fault of your own, or if you had bought a house with a fixed rate mortgage that after 20 years was potentially not worth what you bought it for originally, you'd feel very similar.

the market will come back, it always does.

 

[musclemom]

the market will come back, it always does.

Not in the time frame I require it to, no it won't. My husband is 57, plank. We'd like to move out of this region while we're still young enough to enjoy our lives. Ideally I need to be able to sell my house and make a tidy profit in 3 years, it ain't gonna happen by then, I'll bet you every crown of karma I have.

 

[miplank]

Not in the time frame I require it to, no it won't. My husband is 57, plank. We'd like to move out of this region while we're still young enough to enjoy our lives. Ideally I need to be able to sell my house and make a tidy profit in 3 years, it ain't gonna happen by then, I'll bet you every crown of karma I have.

well not in 3 years...but for someone my age (28) it's not a bad thing.

 

[-SD-]

well not in 3 years...but for someone my age (28) it's not a bad thing.

"Ohhhh look at me, Im still in my 20's"

 

[DJLegacy2k5]

<----26 ....wait, do I get a cookie or something for winning the "ohhhh look at me Im younger" battle?

 

[DJLegacy2k5]

Also, Glad...Get store credit cards bro. My first card was a Circuit City card with a $6,000 limit then I got some cards with a company that sells DJ Equipment and all....now credit card companies are all like "HERE TAKE OUR MONEY...just pay it back or our interest rates will fuck you up!".

Just an Idea because most stores give you 12 to 36 months NO INTEREST on purchases within a certain purchase amount.

-Legacy

 

[miplank]

yeah, and then retards like glad will not pay it off in the 12 months and get the back dated interest of like 29%

don't do that

 

[DJLegacy2k5]

yeah, and then retards like glad will not pay it off in the 12 months and get the back dated interest of like 29%

don't do that

Well if he's that retarded he deserves it.....wait....we are talking about Glad.....DOH!

On another note, I got a nice 63" Samsung 3d tv for Christmas on my best buy card....Over $4grand of goodies just went on that bad boy...with a nice 36 months to pay it all off.

-Legacy