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Originally posted by Omega_Blue you'll never establish credit like that though. and it'll be hard to get a loan (another way of establishing credit) without having existing good credit in the first place basically you're fucking yourself over in the future when you could be helping yourself out now

But all my bills that are in my name are paid in time and in full... isn't that one way of getting credit?

I just don't like the idea of credit cards, because what if I buy something with it, I lose my job and I can't pay? That will also fuck up my credit score.

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Originally posted by ziptnf I probably wake up QWOPing.

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Originally posted by Banora But all my bills that are in my name are paid in time and in full... isn't that one way of getting credit?

Not really. If you don't pay your bills, you'll get bad credit, but paying them on time won't really help your credit rating.

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Originally posted by Sushipunk Not really. If you don't pay your bills, you'll get bad credit, but paying them on time won't really help your credit rating.

God I hate this shit. I wish I was 16 again and playing video games.

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Originally posted by ziptnf I probably wake up QWOPing.

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Originally posted by Banora But all my bills that are in my name are paid in time and in full... isn't that one way of getting credit?

nope. tbh a lot of bills don't positively affect your credit, but they CAN negatively affect your credit if you don't pay on time. and furthermore, from what i understand, you should have a credit history where you make consistent payments over time instead of paying it all off at once- i guess it looks better on your credit report or something (but this is all hearsay from a friend who used to work in that field)

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Originally posted by Omega_Blue , you should have a credit history where you make consistent payments over time instead of paying it all off at once- i guess it looks better on your credit report or something

Wouldn't they rather have someone pay back all the bank's money they're spending at once rather than a few dollars at a time? That makes no sense.

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Originally posted by ziptnf I probably wake up QWOPing.

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Originally posted by Banora Wouldn't they rather have someone pay back all the bank's money they're spending at once rather than a few dollars at a time? That makes no sense.

The longer you take to pay off a debt, the more interest they can charge you. Obviously, that is desirable for a bank/creditor

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Originally posted by Sushipunk The longer you take to pay off a debt, the more interest they can charge you. Obviously, that is desirable for a bank/creditor

Ah, I see. Sneaky bastards!

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Originally posted by ziptnf I probably wake up QWOPing.

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Originally posted by Banora Ah, I see. Sneaky bastards!

Oh yeah, they're all absolute cunts.

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I'm still not too comfortable with getting a credit card. Any other ways I can boost my credit (since being a good person and paying my bills on time obviously isn't enough)?

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Originally posted by ziptnf I probably wake up QWOPing.

ratio of available credit to amount charged has a lot to do with it as well... and the length of time you have a credit card open is also important. never close your first credit card. even if you're not using it anymore, the fact that you've had it for a long period of time will help your score.

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Originally posted by lücid ratio of available credit to amount charged has a lot to do with it as well... and the length of time you have a credit card open is also important. never close your first credit card. even if you're not using it anymore, the fact that you've had it for a long period of time will help your score.

It is still open, the account I mean, I just refuse to use it after what happened in Chicago. That would make that account... wow almost 4 years old.

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Originally posted by ziptnf I probably wake up QWOPing.

the main reason (apart from the revenue aspect) is that you're not really proving that you can carry and manage a debt for an extended period of time if you pay it all off when you get the first statement. how my friend explained it, he (or his supervisor, or something) had to deny some girl's loan request because while she only missed, like, one payment on her bills, she lacked sufficient credit due to what i mentioned above.

again this is all hearsay and i don't want to spread misinformation in case i'm wrong.