Money How does one get credit?

MTG#10 · 04-02-2013, 02:52 PM

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.

R8RFAN · 04-02-2013, 02:54 PM

Quote:

Originally Posted by MTG#10

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.

Hell I don't even see a credit card without a yearly fee I qualify for

**mikeyis4dcats.** · 04-02-2013, 04:02 PM

Quote:

Originally Posted by R8ers

Hell I don't even see a credit card without a yearly fee I qualify for

where are you looking for cards? There are dozens of no annual fee credit cards. Just go to aa.com and sign up for a credit card....

R8RFAN · 04-02-2013, 04:08 PM

Quote:

Originally Posted by mikeyis4dcats.

where are you looking for cards? There are dozens of no annual fee credit cards. Just go to aa.com and sign up for a credit card....

If Transunion gets my report fixed right i SHOULD qualify for some cash back cards with no annual fee....

Thats what I am looking for basically... Just letting the 11 year old card sit and getting a good rewards/cash card and just pay it off every month like I do the one I have now

Hootie · 04-02-2013, 04:30 PM

Quote:

Originally Posted by R8ers

Hell I don't even see a credit card without a yearly fee I qualify for

then you are lying to us about something

R8RFAN · 04-02-2013, 04:36 PM

Quote:

Originally Posted by Peyton's Princess

then you are lying to us about something

No I am not, I think transunion is not reporting my credit card and have a mistake on my report...

Once you pay everything off and have no debts reporting, you will see a credit score drop regardless of how much money you have.

Thats why it is VITAL my limited reporting is being reported correctly.

Hootie · 04-02-2013, 04:46 PM

Quote:

Originally Posted by R8ers

No I am not, I think transunion is not reporting my credit card and have a mistake on my report...

Once you pay everything off and have no debts reporting, you will see a credit score drop regardless of how much money you have.

Thats why it is VITAL my limited reporting is being reported correctly.

Capital One will give ANYONE with either no credit (and no flaws) or a score in the mid 600s a REWARDS card with no yearly fee.

So will barclays...

so will a lot of other places

2 years ago I got two cash back $0 annual fee credit cards with a score of 640 due to a defaulted student loan that I rehabilitated and paid back in full 5 years back

now I'm in the low 700s...not great, but not bad for letting a loan default (one that I didn't even know about since I took it when I was 18 for beer money because I'm an idiot)

R8RFAN · 04-02-2013, 04:51 PM

Quote:

Originally Posted by Peyton's Princess

Capital One will give ANYONE with either no credit (and no flaws) or a score in the mid 600s a REWARDS card with no yearly fee.

So will barclays...

so will a lot of other places

2 years ago I got two cash back $0 annual fee credit cards with a score of 640 due to a defaulted student loan that I rehabilitated and paid back in full 5 years back

now I'm in the low 700s...not great, but not bad for letting a loan default (one that I didn't even know about since I took it when I was 18 for beer money because I'm an idiot)

I went to credit cards.com and I be damned if they offer one to me with my mid 600's that is being reported.

That don't matter at all to me though now if my score is actually in the 700's and is being mis reported... I will know exactly whats going on in a few days... I never apply for credit so I am not real good at it and could be doing shit wrong or something... Who knows...

HMc · 04-02-2013, 05:25 PM

can't believe people took the bait on this obvious bragpost.

I don't want credit but am going to act like I might in order to take the opportunity to remind everyone how much of an awesome money manager I am.

BeMyValentine · 04-02-2013, 02:54 PM

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.

R8RFAN · 04-02-2013, 03:01 PM

Quote:

Originally Posted by BeMyValentine

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.

Well I think it would be better to have it and not need it than the opposite.

I am blessed and very grateful for the ability to take care of my family.

Everything I own is average.

Average cars, boat, Home.. It takes me days to buy something for myself that costs 100 bucks, I think it's some sort of mental problem with me. But when I was a kid my family was dirt poor, My mom cooked in a restaurant and my Dad (who died in 1981) never made over 6.50 per hour in his whole life that I know of...
I have nobody to turn to in life if I ever needed money.

04-02-2013, 05:25 PM	#9
HMc from the very deep south. Join Date: Dec 2005 Location: Sydney, Australia. Casino cash: $9944900	can't believe people took the bait on this obvious bragpost. I don't want credit but am going to act like I might in order to take the opportunity to remind everyone how much of an awesome money manager I am.
Posts: 2,792

04-02-2013, 02:52 PM	#1
MTG#10 Mammoth penis Join Date: May 2006 Location: Springfield Casino cash: $7424386	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.
Posts: 11,432

04-02-2013, 02:54 PM	#10
BeMyValentine Starter Join Date: Sep 2012 Casino cash: $3621542	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.
Posts: 207