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Credit Cards (pg. 12)
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| KiNeTiC ENeRgY |
| quote: | Originally posted by Ania_xox
;)
Give me 15 minutes and I'll have you set with new Sears Mastercard locked in for 3 years at 18%, which you will sign for without even knowing it but be smiling all the while because as a first-time user you received $10 off of your Kenneth Cole cuff links :toocool: |
Ban! |
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| Roweazie |
| quote: | Originally posted by gehzumteufel
the fact that you make similar to what i do, when i have a job anyways, and have 6 cards, says a lot. it doesnt directly show on your credit score that 6 cards will you, but it will. 6 cards is too much in almost all lenders eyes when making 40k/yr. they want to see closer to 100k/yr for 3 cards. remember, they want the least risk possible with the most gain. giving someone with a 14k debt potential, plus a mortgage, plus a car payment, another credit card is not the least risk. its high risk. getting a loan now will be impossible with 6 cards. they will say you must close some of them.
ps: you should close 3 of them anyways. ;) |
Please be adviced that every credit grantor have their own policy & procedure to provide consumer credits. Its true that having more than 3-4 CC, will affect your score, as already adviced before. Its up to grantors to decided whats too many for the consumer.
If you don't have credit yet. i have a easy way for you to start one. Stop by to one of your fav. retail store for clothing and apply for CC store. Once you recvd the CC from retail store, contact the credit grantors and have them report the cc to all three credit bureau. Not all credit grantor report to all three bureau.
edit: if you have cc already, i can also adviced to have them report your cc to all three bureau for better result of your fico/beacon score. just make sure you limit your self with the inquiries. |
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| gehzumteufel |
| quote: | Originally posted by Roweazie
Please be adviced that every credit grantor have their own policy & procedure to provide consumer credits. Its true that having more than 3-4 CC, will affect your score, as already adviced before. Its up to grantors to decided whats too many for the consumer.
If you don't have credit yet. i have a easy way for you to start one. Stop by to one of your fav. retail store for clothing and apply for CC store. Once you recvd the CC from retail store, contact the credit grantors and have them report the cc to all three credit bureau. Not all credit grantor report to all three bureau. |
i have credit, ive already started building it. |
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| Abercrombie |
| quote: | Originally posted by Ania_xox
;)
Give me 15 minutes and I'll have you set with new Sears Mastercard locked in for 3 years at 18%, which you will sign for without even knowing it but be smiling all the while because as a first-time user you received $10 off of your Kenneth Cole cuff links :toocool: |
Her Sears card brings all the boys from the yard, and she's like, "It's better than yours", she's like, "It's better than yours"... she could teach you, but she'd have to charge. |
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| Roweazie |
| quote: | Originally posted by gehzumteufel
i have credit, ive already started building it. |
Will i already knew that;), since you providing info to everone. I was just simply implying to what you adviced to "tubularbills" |
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| gehzumteufel |
| quote: | Originally posted by Abercrombie
Her Sears card brings all the boys from the yard, and she's like, "It's better than yours", she's like, "It's better than yours"... she could teach you, but she'd have to charge. |
ROFLMAO |
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| gehzumteufel |
| quote: | Originally posted by Roweazie
Will i already knew that;), since you providing info to everone. I was just simply implying to what you adviced to "tubularbills" |
ahh yeah sorry. |
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| KiNeTiC ENeRgY |
| quote: | Originally posted by gehzumteufel
ahh yeah sorry. |
Yea man, damn u should know that already ;) :p |
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| gehzumteufel |
| quote: | Originally posted by KiNeTiC ENeRgY
Yea man, damn u should know that already ;) :p |
:p |
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| Groundhog Boy |
| quote: | Originally posted by Frenchie
A debit card can hold a ton of money as well, no need for the credit card. |
If a debit card is stolen, you're actually out the money that someone else charges until the investigation is complete. If it's a credit card and illegitimate charges are made, you lose nothing except the distance to your credit limits.
Plus there are usually good rewards, even if they're only 1%, that's still better than savings account rates now. |
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| gehzumteufel |
| quote: | Originally posted by Groundhog Boy
If a debit card is stolen, you're actually out the money that someone else charges until the investigation is complete. If it's a credit card and illegitimate charges are made, you lose nothing except the distance to your credit limits.
Plus there are usually good rewards, even if they're only 1%, that's still better than savings account rates now. |
thats not better. savings accounts are 3%. |
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| UmmiE |
| quote: | Originally posted by Abercrombie
Her Sears card brings all the boys from the yard, and she's like, "It's better than yours", she's like, "It's better than yours"... she could teach you, but she'd have to charge. |
LOL |
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