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Originally Posted by Coach
Heh, good line on the Holiday Inn Express. No, you are correct on the credit history. Usually, if people have a very solid credit history, and they are capable of paying their bills on time, and no missed payments, more often than not, they would be approved for a big mortage, provided that their salary will be sufficiant enough to pay it, of course.
Usually, it a good idea to buy stuff that is around the $400 to $600 and most stores have that gimmick of 12 months no interest for purchases of $399 and up. Start off paying off those first to build up your credit.
For example, in March of this year, at Circuit City, I recently bought a new computer, with Windows Vista, 3.0 Ghz, 2 GB RAM, 22 inch widescreen monitor and it had a free printer/fax/scanner in one, thrown in the package. 14 months, no interest for it.
It costed me $1150, but I got $320 back from rebates, and I used that to chuck off part of the payments. And I'm deftinaly gonna get this paid off before the end of the year, easily. About $500 more to go.
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