Buy a Porsche; sell to Dane. pay off in full.

The FLAW is that you think you need to have a good credit score

It only Penalizes you if you need to borrow money - from what you say it seems like you don't need to borrow any.

I don't understand why you are obsessed with your FICO score.

You can usually get a substantial discount no matter what you're buying if you take your cash out of your wallet ask for a discount or tell them you're going to walk - watch their mouth drool

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.

Well I tried to buy a new Harley with cash one day and they told me I didn't get a dime discount for buying it with cash so of course I walked (this has been several years ago when the economy was good, don't know how it would work today)

I couldn't get mine above 720 until I decided to run a balance on my credit cards for a few months and then pay the balance off. I've done that a couple of times and my score is 805 now. Forever I paid the balance off every month and my credit score wouldn't change. It seems a little silly now, considering the fact that I have about 80K in my savings account now but I can't refinance my home with that high of a credit score because my mortgage with BOA wasn't sold to Fannie Mae or Freddie Mac. Banks punish people for being responsible and paying their bills on time every month yet will refinance and modify loans for all of the people that are months behind on their mortgage and borrowed more than they can afford.

bah.....

credit is a tool, just like a rifle or a tractor....

you can do a lot with tools, or you can roll your self over on your riding lawn mower if you are a moron

just be wise and use your tools properly..

you never know when you may need credit...it sure is handy....when you need it

keep your rifle oiled up....ready for battle

That is totally ****ed up...

No wonder why this country is in the shape it's in :(

i could be wrong but i dont believe you need to run a balance, you just need to pay the bill AFTER the report date so your balance gets reported......so pay it online like the last day you can, and it SHOULD have the same affect...

from what i understand.....and i guess it could depend on the card....

as long as the debt is reported you should not need to keep the balance.....thats the idea anyway...(if you charge something, and pay it off before it is reported to the big 3, they may never know you HAD the debt...)

another way around that would be to do a balance transfer or other special offer where they let you keep a 0 interest balance for a few months, that way it gets reported for sure

Well what I would do was pay half the balance for a few months straight and then pay it off over a period of a couple of more months. I ate some finance charges but I guess running up a balance and paying it off is more credible that just paying your entire bill on time every month while you are still charging the same amount.

I would argue credit is a tool in the same way liposuction is a tool. If you've been making good choices more often than not, eating healthy and exercising, you don't need it. But if that's not the case there's always liposuction.

No balance to transfer

need it to buy a house

who has cash to buy a house? not many.

just be sure you charge your Chiefs playoff tickets.

Exactly. I've gone to 5 or 6 banks including my own, and they won't refinance unless I put even more down. Every single one of those banks has advised me to skip my house payment for a few months to get BOA more interested in refinancing or modifying my loan. The whole idea seems pretty screwed up to me.