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#61 |
Resident Glue Sniffer
Join Date: Nov 2003
Casino cash: $4819358
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i think my buddy has also done the same thing with like a Best Buy card etc; he'll 'buy' a TV with the CC, then go home, log in and pay it off in a day or two. Same thing at Lowes (Lawn mower) etc.
He said something to the effec that he'll use a card for everything he can pay off in full, without penalty. I might be mis-speaking a bit, but you get the idea.
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Life is 99% inspiration, 1% Perspiration, and 1% Attention to Detial. RIP & Godspeed: Saccoppo Lonewolf Ed Fire Me Boy |
Posts: 37,378
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#62 |
Supporter
Join Date: Aug 2000
Location: Spink, SD
Casino cash: $1243762
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Donate a $1000 per month to CP and pay for it with a credit card.
Problem solved. |
Posts: 38,941
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#63 | |
Most Valuable Villain
Join Date: Dec 2006
Casino cash: $2675047
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Quote:
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Posts: 92,306
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#64 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Posts: 23,166
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#65 | |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
Casino cash: $1710752
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Quote:
Get some kind of card that gives a cashback reward, such as my costco amex or my wells fargo visa. There's no annual fee and I just charge everything I can to the cards - all groceries, gas, bills, everything that is eligible. I just pay them off at the end of the month. I pay no interest and I get 1% back on everything from both of them (sometimes up to 3% back from the amex, depending on what I buy).
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Hey Loochy, I'm hoooome! ![]() |
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Posts: 40,673
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#66 | |
Starter
Join Date: Jan 2013
Location: Overland Park KS
Casino cash: $10005020
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Quote:
The ultimate goal is to have a fico score of zero because that means you don't need to borrow money. |
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Posts: 213
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#67 | |
Most Valuable Villain
Join Date: Dec 2006
Casino cash: $2675047
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Quote:
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Posts: 92,306
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#68 | |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Quote:
Thanks to all of you. |
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Posts: 23,166
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#69 |
What's up braj?
Join Date: Jun 2008
Location: Placencia, Belize
Casino cash: $1688320
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If you really want to have a high credit score, put everything on credit cards. Seriously.
It will take a while to build up your average age of accounts, so your score may take a short term hit, but will benefit in the long run. Make sure to pay them off every month though. |
Posts: 15,690
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#70 | |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Quote:
I get the FICO thing but it should also go by the Debt to credit ratio thing The system is flawed and penalizes disciplined savers |
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Posts: 23,166
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#71 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7394386
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You dont need to carry a balance at all. Just open up 2-3 more credit cards with no monthly or yearly fees and let them sit.
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Posts: 11,432
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#72 |
On Hiatus
Join Date: Aug 2000
Casino cash: $2139700
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It all stays there for 7 years.....unless you have a judgement or a bankruptcy which can cause it to be there for 10.
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Posts: 11,379
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#73 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Posts: 23,166
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#74 |
Starter
Join Date: Sep 2012
Casino cash: $3491542
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Did I miss why you are wanting good credit? The only thing I can think of is some insurance companies factor in your credit score. It seems to me you are well off without a decent credit score.
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Posts: 207
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#75 | |
Starter
Join Date: Jan 2013
Location: Overland Park KS
Casino cash: $10005020
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If you don't want to spend the rest of your living month to month this is the best advice you will ever find.
I have not had a credit card in at least 5 years. It is silly to maintain a bunch of credit crds to keep a high FICO score if your long term goal is to be financially healthy and independent. Quote:
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Posts: 213
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