Attn: Flip & Fillip

[Flipx99 5,000+ posts]

Really depends on what you have now and in your past, credit wise.
Here is a brief summary of just a few of the hundreds and hundreds of things to consider;

http://www.caraudio.com/forum/showpost.php?p=1740184&postcount=22

Some of that will expire in 2008...from my understanding they are doing a complete overhaul to prevent fake loans and piggybacking.

 

[WhoSayWho? 5,000+ posts]

You need to get some.

Are you sure? IDK how exactlt that works, but I know you can have too many. Also, I am pretty sure that department store cards are terrible for your credit.

 

[Eugenics 5,000+ posts]

Do you want some? I just stole a wallet down to the mall.

Yes, yes i do. Which are the best ones to use? As far as terms & conditions go.

 

[Flipx99 5,000+ posts]

Are you sure? IDK how exactlt that works, but I know you can have too many. Also, I am pretty sure that department store cards are terrible for your credit.

Depends.

When they pull a credit report, a particular lender assigns different weights to different things they see. When they pull the credit report to my truck, they showed me what they looked at. What was least relevant, was the number.

 

[Eugenics 5,000+ posts]

Are you sure? IDK how exactlt that works, but I know you can have too many. Also, I am pretty sure that department store cards are terrible for your credit.

Probably because the loan managers would just find out about them and have you set in their heads as a dumbass anyway.

 

[Flipx99 5,000+ posts]

Probably because the loan managers would just find out about them and have you set in their heads as a dumbass anyway.

I have a Lowe's Card and Summit Racing.

12 months no interest...how do you turn that down? What kind of stupid *** would pay in cash when they can borrow for 12 months for free? I do not think it damages your credit that much to have $0 balance on a store card. I really don't think so.

 

[WhoSayWho? 5,000+ posts]

Yes, yes i do. Which are the best ones to use? As far as terms & conditions go.

You just want to use these fast, that's the only term. Oh, and they are not really from the mall, I stole them from my grandma.

Depends.
When they pull a credit report, a particular lender assigns different weights to different things they see. When they pull the credit report to my truck, they showed me what they looked at. What was least relevant, was the number.

Like I say, I don't know too much about that. I only have one CC and I don't use it. Of course I am past the stage of needing to establish credit. All I need now is a good funeral policy and I am set.

 

[Eugenics 5,000+ posts]

Thats what happens in your 60's.

And the dept. store remark was a joke... sort of.

 

[Flipx99 5,000+ posts]

You just want to use these fast, that's the only term. Oh, and they are not really from the mall, I stole them from my grandma.



Like I say, I don't know too much about that. I only have one CC and I don't use it. Of course I am past the stage of needing to establish credit. All I need now is a good funeral policy and I am set.

I use my discover pretty much all the time. I get a miniscule amount of cash back, but get to borrow interest free for up to 60 days. I don't see why more people don't use CCs all the time...

 

[WhoSayWho? 5,000+ posts]

I have a Lowe's Card and Summit Racing.
12 months no interest...how do you turn that down? What kind of stupid *** would pay in cash when they can borrow for 12 months for free? I do not think it damages your credit that much to have $0 balance on a store card. I really don't think so.

I don't know either, but the people who come on the Today show say that just opening a CC at a dep't store lowers your score and that the free interest can end up costing you a lot in the long run. I don't think they allow people on the Today show unless they are honest.

 

[Flipx99 5,000+ posts]

Perhaps. I do not know einough about to say for certain. But I haven't paid more than 6.15% for any loan...and that is a student loan...so I guess I am doing something right. It is unfortuanate these things are published.

 

[WhoSayWho? 5,000+ posts]

Perhaps. I do not know einough about to say for certain. But I haven't paid more than 6.15% for any loan...and that is a student loan...so I guess I am doing something right. It is unfortuanate these things are published.

Well, I don't think that it is the type of thing that is going to make too much difference if you are good in other areas -- but it might make a material difference to some people.