Credit Question

[dupcla]

If you're trying to buy a house don't do any major changes to your accounts. Unless they need to be fixed or whatever...

Your base credit score can't be fixed in a day, week or month it's a track record of how you've handled your moneyz.

I also understand that having a credit card and getting the points for blah blah blah too but in the long run I dont see it being worth the headache to get a free trip to Zimbabwe

[kineda]

Yep. closing accounts is bad... I fucked myself when I bought my house because I had closed a couple credit accounts. I had annual fees that I didn't like when I was younger and my mortgage broker said I could have gotten a better rate if I had those accounts still.

On another note. Fuck home ownership... I got a call from the roomate today saying the basement was flooded.. I guess the main sewer run is blocked by tree roots and caused the sewer to back up in my basement... so I have that going for me. Which is nice... Houses are a lot of work.

[RACER]

First find out what your FICO score is. Than adjust if you feel you need to. It all depends if your near a break point to the next highest or lowest rating category

[Fernanernie]

holler if you need help biotch.

Shit.... You sending the Swamp*****?

[Outrun]

HMM I use a AMEX alot. Has to be paid off monthly and I get many benifits from the points. Why not use it to get plane tickets and or concert seating in a preffered section, upgrades for free on certain things.

Nothing good has come of ABUSED credit cards.

True that. Paid off monthly. I don't even use my bank card ever. I use my credit card in case of fraud so that my bank account isn't drained to 0 if the number is stolen. and to get those points for bullshit I never redeem.

[Phillyblunt474]

If you're trying to buy a house don't do any major changes to your accounts. Unless they need to be fixed or whatever...

Your base credit score can't be fixed in a day, week or month it's a track record of how you've handled your moneyz.

I also understand that having a credit card and getting the points for blah blah blah too but in the long run I dont see it being worth the headache to get a free trip to Zimbabwe

I would much rather use my credit card than my bank card, as the credit card is much safer as far as fraud goes, as well as getting bonuses. I pay my card of in full every month. Then I can keep my money elsewhere, where it is gaining me money, instead of it instantly being outta my account like with a bank card. Credit cards = beneficial when used correctly

[Scotty07]

They key with credit cards is not having a bunch of them no matter what the balance is (so try to keep it to one or two). On those one or two cards your credit-debit ratio needs to be below 50%, and best case below 25%.

As for your credit score, the two most important factors are how you have handled your credit in the past (pay it on time, etc), and what your current overall debt is.

[KrisR]

Buy my house Bill!

[93SVT]

Buy my house Bill!

Out of my price range, like a Ferrari its more then I can afford, two words are all I look for ...BANK OWNED

I've found about a million and a half houses on MLS that are listed for half of their selling price in 2004-2006, I've seen them go on a 5 day listing only to come back 2 days after with 50k chopped right off the top

[Pauly]

the only damage you can do when qualifing is if lets say you have a to of 45k on all three credit cards availible to you. The bank will look at it as this is the amount you could spend. That's where it hurts you because you "could" go into debt by that amount. Best advice is to talk to you lender and ask for their advice. When we bought our house we had an availible total credit of 70 grand. Was not good owed nothing but it was availible. We closed a couple accounts cut our limit to 30k. It helped alot. If you close some make sure they note closed at customer request. This tells the bank you closed them and not the creditor.

[2 beer]

Out of my price range, like a Ferrari its more then I can afford, two words are all I look for ...BANK OWNED

I've found about a million and a half houses on MLS that are listed for half of their selling price in 2004-2006, I've seen them go on a 5 day listing only to come back 2 days after with 50k chopped right off the top

the house across the street from me is for sale and is pretty nice. 135k.