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04-02-2013, 02:13 PM | Topic Starter |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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How does one get credit?
Yall know the story about me... I am going to be a bit vague here..
#1 100% Debt Free #2 Low 6 figure savings #3 Mid 6 Figure retirement (401k) #4 No Credit Card debt #5 DTI (Debt to income ratio =0) #Paid 30 yr mortgage off in 5.5 years #Bought car on 4 year financing in 2005 paid off in 2 years #Bought Car with 4 year financing in 2002 also paid off in 2 years # Have 1 bank credit card (Visa) Pay off in full every month Income per year is High 5 figures to low 6 figures per year No bankruptcies or late payments ever on any thing I ever bought since the early 90's. I am not interested in buying anything or looking to buy anything but why is my credit score in the mid 600's and how do I get it to go up? I am fully prepared for a bunch of stupid comments that I am just going to filter through to get to the legitimate ones so fire away... I know there are a bunch of people on this forum that make good money and are pretty smart except for their choice in a football team so give me some pointers. Being Debt free is wonderful but if I ever choose to go buy someting like a stupid cell phone on a contract (which I haven't) I am going to be super pissed having that kind of coin and getting turned down... Fire away |
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04-02-2013, 02:14 PM | #2 |
Most Valuable Villain
Join Date: Dec 2006
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Do you have open credit cards with zero balances?
EDIT: Saw that you have one. |
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04-02-2013, 02:15 PM | #3 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
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04-02-2013, 02:16 PM | #4 | |
Hey Loochy, I'm hooome!
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Quote:
Try to get your limit raised. That will help. The more credit you have available = better. The less debt you have against that available credit = better.
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04-02-2013, 02:17 PM | #5 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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04-02-2013, 02:19 PM | #6 |
Hey Loochy, I'm hooome!
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Yeah, probably. Just call and ask them to raise the limit. I'm sure they will.
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04-03-2017, 06:17 PM | #7 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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This is what worked... I have a 20k limit on 1 an 8-9 k limit on 2 and 4500 on bank of south America who refuses to raise my limit because they say I never use the card
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04-02-2013, 02:20 PM | #8 |
Superbowl MVP
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myfico.com forums suggest keeping about a 10-15% of limit balance to keep score high
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04-02-2013, 02:20 PM | #9 |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
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F that mess
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04-02-2013, 02:14 PM | #10 |
Hey Loochy, I'm hooome!
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you get credit by having lines of credit open. having a larger credit to debt ratio is better.
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04-02-2013, 02:16 PM | #11 |
Molôn Labé
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Location: North Carolina
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Posts: 23,166
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04-02-2013, 02:17 PM | #12 |
Most Valuable Villain
Join Date: Dec 2006
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You can....yeah. It can be as simple as taking out a $2000 loan....putting the money into a savings account and then making the monthly payments every month. You'll lose a little money in the interest you pay over the loan....but it will build your credit history.
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04-02-2013, 02:19 PM | #13 | |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
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Quote:
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04-02-2013, 02:20 PM | #14 |
Hey Loochy, I'm hooome!
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Casino cash: $630397
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Go wherever give you the lowest rate.
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04-02-2013, 02:18 PM | #15 | |
Hey Loochy, I'm hooome!
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Quote:
Open some more high limit credit cards and keep them paid off or something. Yeah, I know, the way this thing works is absolutely reeruned. If they just looked at your situation they'd see that you can easily pay off whatever...
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