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N/A credit score.

Discussion in 'Road Side Pub' started by coposrv, Dec 20, 2016.

  1. nxhappy

    nxhappy Vette Killer Established Member

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    that's true, it takes YEARS of on time payments to build credit. Unfortunately ...
     
  2. RDJ

    RDJ ZERO shits given Established Member

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    meh .. I would rather be no debt and a credit score in the 800s pretty much where I am now

     
  3. RDJ

    RDJ ZERO shits given Established Member

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    sometime it is more about cash flow. I would rather have cash available and pay minimal interest or no interest on a card or two and have cash in my bank and in my pocket.

    I have a best buy card with 8002 dollars worth of credit available. (the 2 tells them that I can get more if I ask for it). They have a bunch of stuff on zero interest deals, electronics, appliances etc, the time to pay ranges anywhere from 6 months to 5 years. buy something, put it on the card, pay it off either early or on time, pay no interest build your credit.

    Ashley furniture has the same kind of deal only my card there is for 10K 5-6 years zero interest with a monthly update to my credit score.

    NOT having a credit score can affect a lot more than you appear to be aware of, Most insurance companies (auto and home) will give you a better rate when you have a higher credit score. no credit score will cost you. want to rent an apartment, get utilities, buy a cell phone contract? they will ALL check your credit score.

     
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  4. Kevins89notch

    Kevins89notch Well-Known Member Established Member

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    Exactly! I have a $1,000 Sears gift card from my first credit card. Zero interest was paid. Now on a better card, I've flown internationally twice, and paid zero in international fees.

    **** paying cash. I'll put a $0.50 card bar on credit without thinking. It gets paid off monthly so who cares?
     
  5. ON D BIT

    ON D BIT Finish First Established Member

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    You can't get a credit score with zero debt. You had debt, then paid it off.
     
  6. RDJ

    RDJ ZERO shits given Established Member

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    That's the point. And if you read my other post it says how it can be done interest free. If you get a major card with cash back and pay it off monthly you can get your credit score up without paying interest as well. Getting along without a credit score is difficult at best when it comes to buying things like a house. Or a car

     
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  7. Kiohtee

    Kiohtee On3 Is ChEaP jUnK Established Member

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    But his point is it's still debt. I'm not sure what the hell he's trying to prove, but holy shit dude. Yes it's debt. No we don't care. It's not that we don't have the money to pay for what we want upfront, but we're not all doing good enough to buy $20K+ cars and/or ANY houses with cash in full. Besides, that seems kinda silly when interest is so low and you can potentially make more than you'll pay in the market.
     
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  8. ON D BIT

    ON D BIT Finish First Established Member

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    Paying it off monthly does not mean you are debt free. It means you are in debt every month.
     
  9. ssj4sadie

    ssj4sadie Well-Known Member Established Member

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    What are you even trying to argue about?
     
  10. 08mojo

    08mojo ... Established Member

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    Just like my employer is in debt to me until the next paycheck? Am I also in debt when paying cash for a service? I mean, I don't feed them a dollar for every step of progress that is made during a project, so I must be in debt at some point during the process, right?

    You can't fix stupid...
     
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  11. ON D BIT

    ON D BIT Finish First Established Member

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    I'm not arguing anything. I'm stating the banks get rich because people(who stay poor) choose to buy things they can't afford and you don't need a credit score to get a mortgage.
     
  12. Kiohtee

    Kiohtee On3 Is ChEaP jUnK Established Member

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    We ALL realize this. What are you even trying to prove anymore?

    I'll take "being in debt" for a couple bucks on a credit card that I know I can pay off whenever, over depleting my accounts in act of some power move you seem to favor.
     
  13. ON D BIT

    ON D BIT Finish First Established Member

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    If your employer has to borrow money to do payroll, I'd get out fast!
     
  14. 08mojo

    08mojo ... Established Member

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    o_O Perhaps it's time to close this thread...I think it's been beaten enough
     
  15. Kiohtee

    Kiohtee On3 Is ChEaP jUnK Established Member

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    You're missing his point. It's not that his employer has to borrow money for payroll, it's that on Monday at 12 noon, he may have already worked four hours but has yet to be compensated. So is that a debt on the employer's side?
     
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  16. rotor_powerd

    rotor_powerd Well-Known Member Established Member

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    You're missing the point.
     
  17. Kiohtee

    Kiohtee On3 Is ChEaP jUnK Established Member

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    I'd give @ON D BIT more credit, but he won't take it. Oh well.
     
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  18. RDJ

    RDJ ZERO shits given Established Member

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    THANK YOU captain obvious! wow dont' think we would have known this unless you pointed it out. I mean I, at least, feel so much more enlightened now that you have explained this to me. I think I will go have a beer to celebrate my new found knowledge

    this entire post is bullshit. unmitigated bullshit.

    banks only get rich if you pay interest. using other peoples money interest free will not make them rich.

    and just how, oh wise one, does someone go about buying a house without a credit score? no bank in the world will lend someone the price of a car let alone a house without checking your credit and seeing a good score
     
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  19. Satyr

    Satyr Active Member Established Member

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    Advising to never have debt is a really poor idea. Good luck saving up enough money to buy a house. While doing that, the money that you're getting 0% return on could be invested in an index fun yielding 5-7% annually, while carrying a 3% mortgage.
     
  20. nxhappy

    nxhappy Vette Killer Established Member

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    ummmmmmmmm whut ??
     

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