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Credit Card Fraud (pg. 3)
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| lücid |
| quote: | Originally posted by Banora
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)? |
sucking dick.
trust me, i have an excellent credit score. :gsmile: |
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| Sushipunk |
| quote: | Originally posted by Banora
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)? |
Not really. To boost your credit rating, you need to borrow money and then pay it back within the time limits specified. There's really no other way, so a credit card is the best/easiest place to start.
Just use it once a month or something to buy something you'd normally buy with your debit card. Stash the money away, and when you get your bill, pay it off. |
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| Banora |
| quote: | Originally posted by Sushipunk
Not really. To boost your credit rating, you need to borrow money and then pay it back within the time limits specified. There's really no other way, so a credit card is the best/easiest place to start.
Just use it once a month or something to buy something you'd normally buy with your debit card. Stash the money away, and when you get your bill, pay it off. |
-grumble-
Fine. I'll get the damn card. Again.
| quote: | Originally posted by lücid
sucking dick.
trust me, i have an excellent credit score. :gsmile: |
There IS a busy corner down the street. Hmmm. |
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| Omega_Blue |
| quote: | Originally posted by l�id
sucking dick.
trust me, i have an excellent credit score. :gsmile: |
this is true.
| quote: | Originally posted by l�id
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. |
this is also true. in fact, i wouldn't close any of your accounts unless you were planning on transferring balances. just chop em up so you can never use them again but leave 'em open. or go the safe route, and don't own more than one credit card (especially your first one- the first one usually always gets people into trouble, that's why the credit limit is so meager) |
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| Banora |
| Anyone know any credit report sites that don't ask for your card number? I'm curious to know what my score is. |
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| lücid |
www.annualcreditreport.com is the only authorized online site under federal law. you have to pay to see your score but you can still get a full credit report for free once a year.
if you're ever in a situation where someone has to run a credit check on you (buying a car, signing a lease on a new apartment, etc) you can ask them to provide a copy of your credit report and score. that's how i've always done it. |
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| Banora |
| Can I just ask my bank? |
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| Omega_Blue |
| quote: | Originally posted by Banora
Can I just ask my bank? |
how would they know your credit score? you gotta go to an agency that specializes in that
i can attest that freecreditreport.com (the one you hear all the ads for) is ty, i wouldn't use them- after the first credit report they have a bunch of extra charges they try to um.. charge you monthly. /redundant |
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| Banora |
| quote: | Originally posted by Omega_Blue
i can attest that freecreditreport.com (the one you hear all the ads for) is ty, i wouldn't use them- after the first credit report they have a bunch of extra charges they try to um.. charge you monthly. /redundant |
Yeah I saw that. As soon as it was like "Please enter your card, you won't be billed during the trial period" I was like: uh...how about no.
As for asking my bank, I guess I thought they could run a credit check as well. My credit must not be too ty, I've been able to get approved for some nice apartments before (one on my own as well). |
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| lücid |
and to clarify...
Here’s how your score is determined:
35 percent is determined by your payment history. Do you regularly pay your bills or fines on time to any creditor that submits your information to the credit bureau? Even unpaid library fines, medical bills or parking tickets may appear here.
30 percent is based on the amounts you owe each of your creditors, and how that compares with the total credit available to you or the total loan amount you took out. If you’re maxing out your credit cards, your score may suffer.
15 percent is based on the length of your credit history, both how long you’ve had each account and how long it’s been since you had any activity on those accounts. The fewer and older the accounts, the better (assuming you’ve made timely payments).
10 percent is based on how many accounts you’ve recently opened compared with the total number of your accounts, as well as the number of recent inquiries on your report made by lenders to whom you’ve applied for credit. Your score can drop if it looks as if you’re seeking several new sources of credit — a sign that you may be in financial trouble. (If a lender initiates an inquiry about your credit report without your knowledge, though, it should not affect your score.) Shopping around for an auto loan or mortgage shouldn’t hurt, if you keep your search to six weeks or less. But every inquiry you trigger when you apply for a credit card can affect your score, says Craig Watts, a spokesman for Fair Isaac. So be selective.
The final 10 percent is determined by the types of credit used. Having installment debt — like a mortgage, in which you pay a fixed amount each month — demonstrates that you can manage a large loan. But how you handle revolving debt, like credit cards, tends to carry more weight since it’s seen as more predictive of future behavior. (You can pay off the balance each month or just the minimum, for example, charge to the limit of your cards or rarely use them.) |
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| Demoted |
| 5% determined from color of urine in urine test |
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| djscitec |
Sort've related but I had applied for 2 new credit cards (Visa and AMEX) and basically they sent me the 2 new cards already activated.
Usually when they send you a card it needs to be activated by the owner but turns out these ones they were already activated and ready to use with the old card I had automatically expiring after 30 days.
Say my mail was delivered to the wrong address or someone else had gotten a hold of it, anyone could've used my cards and make purchases.
I am making a complaint to the bank, seriously. |
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