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Do you know your credit score?

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tibor75

tibor75

Banned
686
702
739

positive points for paying off a mortgage and a car loan early. Minus points for not having a long enough history, for having an excessive charge on my current credit card (even though it's still 3000 bucks under the limit and the only reason it's high is because of a trip I'm taking), and a mysterious $77 charge that I never paid (and never knew about) from the apartment complex I lived in 1999-20.
 
tibor75 said:
686
702
739

positive points for paying off a mortgage and a car loan early. Minus points for not having a long enough history, for having an excessive charge on my current credit card (even though it's still 3000 bucks under the limit and the only reason it's high is because of a trip I'm taking), and a mysterious $77 charge that I never paid (and never knew about) from the apartment complex I lived in 1999-20.
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I didn't know you had to mortgage tents, or could pay off you debts in livestock... :slappy:
 
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MililaniBuckeye said:
I didn't know you had to mortgage tents, or could pay off you debts in livestock... :slappy:
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From the looks of your shitty small house that you showed on Bucknuts, it's easy to see why you feel the need to "rag" on my choice of accomodations.
Hilarious...a 40 year old loser who can't even afford a nice house. Well, at least you have the place to yourself now. :slappy:
 
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When I refinanced two years ago all of mine were above 800.
There was an article in the paper about all that goes into your score.
Use a variety of credit, stay below your limits, pay on time and have a long history.

The shitty thing about this that your car insurance and other things are based on it and you have to pay to see it. Cancelling credit cards lowers your number. It is a racket.
 
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Alan said:
I just checked tibors credit score and here is what it is:

666
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Sorry Alan, while the antichrist will be quite evil, he will be quite a compelling individual and attractive personality on the surface... and definitely will not be goating in his free time.
 
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bucknola said:
When I refinanced two years ago all of mine were above 800.
There was an article in the paper about all that goes into your score.
Use a variety of credit, stay below your limits, pay on time and have a long history.

The shitty thing about this that your car insurance and other things are based on it and you have to pay to see it. Cancelling credit cards lowers your number. It is a racket.
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Above 800, you must have a long credit history. I have tried to meet all the criteria and am only about 725-750. That's because I'm only 29. I can't do much better at my age.

As far as a racket, I agree. It actually helps to carry a balance on your cards, and have more than 5 (although I think more than 9 it starts to subtract). Although a balance over 50% of your available credit hurts you. It's a really strange formula, and yes insurance takes credit into acount, although there is legislation out there that will make this illegal.

It doesn't really matter though once you are over 720 (although most use 700). Anyone with those numbers will get the best rates available.

I would recomend checking your credit every year. I now do this, but I went through some pain a few years ago when I bought my house. My credit score was great, but I had a credit card showing no payment for over 6 months. I never applied for the card, but a 180+ day late in the past 2 years kills any mortgage deal. I eventually got it removed from my record. Not a bad process but still a pain. Since then I stay on top of my credit.
 
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I am 45.
I have a mortgage, student loan, and dozens of credit cards. Some of the cards have huge limits that I do not use. I am also am good at buying things, like furniture, with those 12 month no interest loans and paying them off in 11 months. I do not think I have ever paid interest on a credit card account in my life.

You can now get your credit reports free, I get mine as my credit card numbers seem to be stolen at a faster than normal rate. You still have to pay for the credit score.

My insurance company, AIG, sends the standard letter each year saying my rates may have gone up based on my credit score.

I have read and was told by my mortgage broker anything over 750 was gravy. Your score does bounce around based on the factors we discussed.
 
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I am a mortgage broker and credit bureaus are a joke. I have seen some crazy things. Sometimes you get people that pay perfect and have low scores and others who don't, that have high scores. IMO, CBs are a scam. There is no rhyme or reason for the scores.


Actually, in the mortgage industry, you don't even have to verify your income at a 720 score and still get conventional rates. There are companies that don't verify your income w/scores as low as 520, but the rate are terrible. A 620 will get you a conventional rate......either way, CBs are like throwing darts.
 
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