Question: Student Loan Repayment (to pay or not to pay)
06-18-2014, 01:38 PM
#91
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Join Date: Dec 2013
Location: Santa Cruz, California
Posts: 3,228
Car Info: 2006 obp wrx limited sedan
But myself, all i have is credit debt but i have perfect credit since i make my payments ontime.
I usually try to sign up for free promotion credit offers and buy a bunch of **** then pay it off. I have to have atleast 6 lines of credit open with a balance on them all.
I get stressed when something ends up not getting paid but i always call their customer service and work with them and they reverse stuff most of the time.
My bank keeps upping my credit limit for free too since i pay off a transaction online as soon as it posts.
06-18-2014, 03:48 PM
#92
previously known as wrxBRAH
iTrader: (17)
Join Date: Sep 2010
Location: San Jose / Campbell
Posts: 3,383
Car Info: 2004 FXT
Lol i like the stick it to the man idea.
But myself, all i have is credit debt but i have perfect credit since i make my payments ontime.
I usually try to sign up for free promotion credit offers and buy a bunch of **** then pay it off. I have to have atleast 6 lines of credit open with a balance on them all.
I get stressed when something ends up not getting paid but i always call their customer service and work with them and they reverse stuff most of the time.
My bank keeps upping my credit limit for free too since i pay off a transaction online as soon as it posts.
But myself, all i have is credit debt but i have perfect credit since i make my payments ontime.
I usually try to sign up for free promotion credit offers and buy a bunch of **** then pay it off. I have to have atleast 6 lines of credit open with a balance on them all.
I get stressed when something ends up not getting paid but i always call their customer service and work with them and they reverse stuff most of the time.
My bank keeps upping my credit limit for free too since i pay off a transaction online as soon as it posts.
Ofcourse that might explain why my FICO score randomly dropped 20 points in 6months.
06-18-2014, 05:30 PM
#93
Registered User
iTrader: (18)
Join Date: Dec 2013
Location: Santa Cruz, California
Posts: 3,228
Car Info: 2006 obp wrx limited sedan
Does that really help? Maybe I should start a credit/FICO thread to get educated on this stuff. I've read that you use 10% or less of the total credit line to raise your FICO score but that never generated a credit increase for me. I normally have had to call or have a credit card at 75%+ for a few months to have them automatically increase it.
Ofcourse that might explain why my FICO score randomly dropped 20 points in 6months.
Call balance @ 1-888-456-2227
Its free and anonymous. you can ask them any credit questions and they give great honest answers.
For example i purchase my tires through wheel works 6 months free financing credit card and pay them off in 6 months.
I purchased half of my mountain bike with a ge capital specialized credit card. 1.5 years free financing.
I also purchase stuff at best buy if its expensive enough using the free finance feature.
On top of that i use my credit card to borrow money for less than the billing cycle then pay it off so i have a zero balance when my payment is due.
Its best if you dont rack them up all the way each month as it shows you arent borrowing money. I have a 2500 limit credit card until i upgrade and i never spend more than 600 on the card each month.
But my promotion finance items are a one time thing except the tires.
06-19-2014, 11:54 AM
#94
previously known as wrxBRAH
iTrader: (17)
Join Date: Sep 2010
Location: San Jose / Campbell
Posts: 3,383
Car Info: 2004 FXT
Thanks, I'll give them a call. Fiance and I are saving up right now for a house so I want to make sure my FICO score is on point when we're finally ready to empty the savings on a down payment. She's at 760 and I'm at 740 last I checked.
06-19-2014, 12:22 PM
#96
Old School
iTrader: (6)
Join Date: Jan 2001
Location: Union City
Posts: 14,983
Car Info: '99 RBP GM6
For me it's just been automatic. I never asked and they just keep upping it. When I applied for a southwest visa (highly recommended) they started me at a crazy amount, enough to buy a car, easy. They just upped me recently by 3500, out of the blue.
I don't think having a lower balance helps raise your credit level. It will keep your score up though!
My wife is 788 and I'm at 794. I've tried to hit over 800, keeping no balances on my cards, but it's never happened. FICO is some weird *** ****.
06-19-2014, 12:32 PM
#97
previously known as wrxBRAH
iTrader: (17)
Join Date: Sep 2010
Location: San Jose / Campbell
Posts: 3,383
Car Info: 2004 FXT
For me it's just been automatic. I never asked and they just keep upping it. When I applied for a southwest visa (highly recommended) they started me at a crazy amount, enough to buy a car, easy. They just upped me recently by 3500, out of the blue.
I don't think having a lower balance helps raise your credit level. It will keep your score up though!
My wife is 788 and I'm at 794. I've tried to hit over 800, keeping no balances on my cards, but it's never happened. FICO is some weird *** ****.
I don't think having a lower balance helps raise your credit level. It will keep your score up though!
My wife is 788 and I'm at 794. I've tried to hit over 800, keeping no balances on my cards, but it's never happened. FICO is some weird *** ****.
06-19-2014, 12:56 PM
#98
Registered User
iTrader: (4)
Join Date: Jun 2012
Location: North Bay
Posts: 449
Car Info: 2012 PBP STI
Your total credit limit also matters.
Meaning if you have 3 cards and their limits total 10,000, that's not enough for a "perfect" score.
Capital One has a credit tracker thing if you have one of their cards, and they have a nice chart that shows actual data points for different ratings, 6 categories, all letter scores, A-F or something.
In the credit limit category I believe it was 25k - 50k total credit limit for a B rating in that category, and 50k+ for an A rating.
Next time I log into there I can post the chart here if people care.
Meaning if you have 3 cards and their limits total 10,000, that's not enough for a "perfect" score.
Capital One has a credit tracker thing if you have one of their cards, and they have a nice chart that shows actual data points for different ratings, 6 categories, all letter scores, A-F or something.
In the credit limit category I believe it was 25k - 50k total credit limit for a B rating in that category, and 50k+ for an A rating.
Next time I log into there I can post the chart here if people care.
06-19-2014, 01:22 PM
#99
Old School
iTrader: (6)
Join Date: Jan 2001
Location: Union City
Posts: 14,983
Car Info: '99 RBP GM6
Your total credit limit also matters.
Meaning if you have 3 cards and their limits total 10,000, that's not enough for a "perfect" score.
Capital One has a credit tracker thing if you have one of their cards, and they have a nice chart that shows actual data points for different ratings, 6 categories, all letter scores, A-F or something.
In the credit limit category I believe it was 25k - 50k total credit limit for a B rating in that category, and 50k+ for an A rating.
Next time I log into there I can post the chart here if people care.
Meaning if you have 3 cards and their limits total 10,000, that's not enough for a "perfect" score.
Capital One has a credit tracker thing if you have one of their cards, and they have a nice chart that shows actual data points for different ratings, 6 categories, all letter scores, A-F or something.
In the credit limit category I believe it was 25k - 50k total credit limit for a B rating in that category, and 50k+ for an A rating.
Next time I log into there I can post the chart here if people care.
06-19-2014, 01:54 PM
#101
Registered User
iTrader: (2)
Join Date: Jan 2006
Location: South Alabama
Posts: 1,028
Car Info: 2015 WRX
This is a moral thing.... not character. It shows an intelligent means to an end. Why bust my *** to payback all this debt when i can clearly cut corners and find a way around it, just as you would if you could not payback medical bills. **** these dumb societal rules that we "need" to follow.
ANARCHY!!!
06-20-2014, 09:07 AM
#102
previously known as wrxBRAH
iTrader: (17)
Join Date: Sep 2010
Location: San Jose / Campbell
Posts: 3,383
Car Info: 2004 FXT
Your total credit limit also matters.
Meaning if you have 3 cards and their limits total 10,000, that's not enough for a "perfect" score.
Capital One has a credit tracker thing if you have one of their cards, and they have a nice chart that shows actual data points for different ratings, 6 categories, all letter scores, A-F or something.
In the credit limit category I believe it was 25k - 50k total credit limit for a B rating in that category, and 50k+ for an A rating.
Next time I log into there I can post the chart here if people care.
Meaning if you have 3 cards and their limits total 10,000, that's not enough for a "perfect" score.
Capital One has a credit tracker thing if you have one of their cards, and they have a nice chart that shows actual data points for different ratings, 6 categories, all letter scores, A-F or something.
In the credit limit category I believe it was 25k - 50k total credit limit for a B rating in that category, and 50k+ for an A rating.
Next time I log into there I can post the chart here if people care.
Last edited by FXTbrah; 06-20-2014 at 09:18 AM. Reason: typo
08-01-2014, 04:58 PM
#104
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Join Date: Sep 2012
Location: San Jose
Posts: 1,642
Car Info: 2000 Legacy GT, 2000 Echo 1989 Camry All-Trac
Credit score in the United States - Wikipedia, the free encyclopedia
08-21-2014, 04:17 PM
#105
Old School
iTrader: (6)
Join Date: Jan 2001
Location: Union City
Posts: 14,983
Car Info: '99 RBP GM6
Bump...
Somewhat relevant to the latter part of the conversation here, my wife and I got a update on our credit scores through a credit monitoring service we use.
Hers
Mine
I don't get it. We haven't changed anything really other than using a credit card I don't use usually for BAM stuff. (to keep it separate)
I feel like I could sneeze and the score might go up or down.
But hey, I'll take it.
Somewhat relevant to the latter part of the conversation here, my wife and I got a update on our credit scores through a credit monitoring service we use.
Hers
Mine
I don't get it. We haven't changed anything really other than using a credit card I don't use usually for BAM stuff. (to keep it separate)
I feel like I could sneeze and the score might go up or down.
But hey, I'll take it.
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