Originally Posted by Dracc
If you have good credit or alot of cash to put down its even less of a reason to goto a place like drivetime. I've purchased 3 vehicles in my time. 2 brand new and 1 used.
99 Jimmy 3.9% in August of 99. It was extremely low at the time since there was no such thing as a 0%.
02 Crapalier Bought it in 04 used and only paid 4.9%
06 Saturn Vue 0% bought brand new off the lot in Jan 06.
only the Jimmy did I put down more than 2500.
LIRL^^^
away my pops helped me build my credit.. buy your wife jewerly and apply for a credit card with the jewerly store... pay on it every month.. more then the minimum payment and they report every month..
reps for busting a funny in the wallstreet 'journal'
back to the OP.
If you ahve no credit now and are trying to build it. Get a secured credit card. Before you decide which one, make sure it will be swapped to a regular one after a certian period, which is either 12 or 18 months.
i already have credit..i'm trying to BOOST my credit as in as a young idiot i screwed it up
Couple things I did when I screwed mine up and got in a bunch of debt.
1. Personal loan and consolidated all my debt into 1 payment that was less than just the combined minimum payments.
2. keep all the accounts open and use a different one every month for gas and emergencies ONLY. And no, a night on the town is not an emergency. Also make sure you pay it compeltely off every month.
3. Live with basics only. Yes it sucks, but I found the easiest way to do it was to find something you enjoy doing for long periods of time and doing those things. I got a library card and read every book in the place that was even minorly entertaining. I also made an exception and kept my cable internet and played online games.
4. No fast food. You can feed yourself 3 solid meals a day for 7 days on what you would spend on 5 days of lunch only.
1, and 2 will help you to put your credit back together and keep more cash in your pocket.
3 and 4 are just to keep moe cash in your pocket which will also allow you to pay the debt down quicker which, in turn, will get your credit back together quicker.
1. i only have a car payment which is why i got rid of my CC to reduce my bills
2. i am definitely considering this. as soon as an american express card makes it in my mailbox, i'm signing up.
3. i've lived with basics, except this month...i spent like a mofo on parts needed and wanted
4. i've been trying..but..it hasnt worked out too well..i'm always on the run during lunch time. yesterday was the first time i've eatin home in two weeks for lunch
all i have now is rent/insurance/car payment/phone payment
it sounds like you are doing all the right things then, it's just a matter of time now to convince creditors you are trustworthy.
I was in the same situation as you are for lunch. I had to make special care to make sure I had fod in my car. When I made dinner I always made enough to use for lunch the following day. If I didnt know if I was going to have time for lunch the folloing day I took a couple PJ&J's to last me until I got home.
dude..u have no idea how i'm sick of sandwiches and pot pies lol...i did it for almost 2yrs straight for lunch...and now i'm tired of all foods
I know exactly how you feel. My time doing that was MUCH shorter than it would have been because I got an all expenses paid trip to Afghanistan about 4 months into it. I would have LOVED pot pies and pb&j over the shi t they called food over there.
lolz. well..i just need to get another CC obviously and use it and pay it
well if you cant get a decent intrest rate you can look into a secured one.
I mean... (while not reading all the other posts) just set urself up with a bugdeted style payment system (not BUGDET) for ur goods. Like me... live within ur means. I mean I dont kno what u do or all that, but me being a poor Ohioian, it comes naturallyUse that card for the purchases ud rather not, or cannot, pay cash for. i.e. car insurance.
And... as Jimmy said above, u can just take out a loan, dont use that bish, just have that money, through it in a savings (so u can build at least a lil interest, credit union baby!!) then just pay that loan back with the money u've taken from that loan company. Thats what I'ma do, I'm pissed that one of my friends can get a new Civic for 239 a month cuz her old ass grandpa has like a 900 or somethin on credit and me, I have to deal with $400 a month!
But just live within ur means, is basically all I'm sayin. This may be another WTF are u talkin bout posts, but thats meI do that ish quite often.
If I understand this right...
1. Take out a loan (can I take a studet loan?)
2. DO NOT USE IT
3. Put it in a savings account/CD whatever jst DO NOT USE IT
4. Pay it back at the end or the CD or whatever, KEEP THE INTEREST
This builds my credit by... taking out the (student?) loan or paying back off a (student) loan? OR does it just enhance my credit score because I got money in the bank
Shawtay what Equifax thank??? Lol, or........EXPLAIN/DISCUSS POR FAVOR
Well, I'm doin exactly what ur thinkin right now. So... I cant tell u till its over.
If I understand this right...
1. Take out a loan (can I take a studet loan?)
2. DO NOT USE IT
3. Put it in a savings account/CD whatever jst DO NOT USE IT
4. Pay it back at the end or the CD or whatever, KEEP THE INTEREST
This builds my credit by... taking out the (student?) loan or paying back off a (student) loan? OR does it just enhance my credit score because I got money in the bank
Shawtay what Equifax thank??? Lol, or........EXPLAIN/DISCUSS POR FAVOR
I took out a small loan and am going to put it into a C/D or Roth IRA account and just pay it back later so that I make some money while its there.
I dont see why not, it is still a line of credit. Furnature is expensive as hell though.
yea but finding something for a nice price when a company is having a good sale..is what i'm hoping for. ima talk to the wife about it
SO...I'M GOING IN TO SIGN PAPERS FOR THE FURNITURE...6 MONTHS INTEREST FREE..LEATHER SET FOR $900 AND I SEE WHERE I'M GETTING MY TABLES FROM FOR $349...I'M PAYING FOR THE TABLES STRAIGHT UP. BUT I DONT KNOW WHAT OTHER STEPS TO TAKE AS FAR AS BUILDING CREDIT..I'M TEMPTED TO GET A LCD OR SOMETHING, BUT I DONT FEEL LIKE HAVE $2K WORTH OF DEBT IN A NICE TV, ESP SINCE I DONT HAVE A HOUSE...HOUSE>APARTMENT
Pay off the furniture first and see how much that helps. Six months will go by so fast. Also, you don't want to open up too many accounts at once. It makes it look like you're trying to spend too much money at once or you're just on a spree.
2005 Mazdaspeed MX-5 -1.8L Turbo
yea thats what i was planning on doing. the wife is gona help with the payments (suprised, but at the same time not, cuz she's always been like that to help) so i'm going to go ahead and do my $150 along with whatever she's gona bring to the table, and i guess itll get paid off sooner than 6months.
i'm still thinking about doing the credit card..is it safe to apply for a card online?
usually get better deals online, just make sure you read up on what your getting. my bank is online only, and i got my main credit card through my bank
- 1993 Honda Civic VX
- 2008 Acura TL-S
keep low balances, try not to have more than 2 cards open at once, no more than 2 loans, dont close one credit card to open another, you want to maintain a long credit history with companies, it will raise your score, have a mortgage loan will actually raise you score just for having it, i never knew that, try to avoid doing things that get you hard credit inquires on your credit. main thing you want to avoid though is the inquires on your credit and the balance availability. if my 2 credit cards were not maxed i would be sitting at about 740, but because they were maxed when they did their monthly check on the balances im sitting at 688....thats why you want to keep balances paid off when you get them, not even at the end of the month, i usually buy something with my card, go home get online and make a payment to my card for the price of whatever i charged
- 1993 Honda Civic VX
- 2008 Acura TL-S
nothing wrong with that. Balance transfers can help BIG! Just don't close a JC penny and open up a Riches Macy's if you know what i mean.
You're right though Seasoning is big, it's good to show accounts with long histories with 0 derogatory items. That can build a strong profile.
In you're particular case, your account balance -to- credit limit ratio did it for you.
Leisa and S. 4 Life NM?
Well FUK. I went and took out a loan to "boost" my credit and it docked me like 17 points!!! I went from a 719 to a 697. Thats some bull****!!
i mean like american express..i need one credit card w/ low-no interest.
how long after the loan did u check it?
I never checked it. AT&T ran it once then I just so happen to feel the need to get a loan to "boost" my credit. So it was twice in 3 months.
Some other factors could've been involved there.
Leisa and S. 4 Life NM?
will the freecreditreport.com give me a credit score also?
be like michael jackson, become white?
that still requires good credit to get the surgeries done...unless u want to lend me some money from your chinese resturant franchisebe like michael jackson, become white?
I didn't read all the posts but I have outstanding credit and I'm only 21 and here is how I went about it.
First, if you can, I'd get an American Express. Simple reason is interest doesn't hit until after a late payment and they give you a month or so to pay, always good. But what I do is I have my apartment in my name, cable electric so on so forth, and I put all my bills on my american express and at the end of the month pay of the american express. So I am getting credit score for holding a lease with an apartment, my bills, and then my credit score from my credit card. I checked it last year and it was at about mid-high 700s. I started doing all that 2 years prior.
Of course I own this.
IT PUTS THE OREOS ON THE RIM
^^thats good stuff
PBS, do it the easy way... just steal someone else's identity that has good credit and be done with it. It'll make life a little more interesting.
Back to being stock and slow
i already did that...i had to steal someone else's to avoid arrest...never again
oh ok. That might not work then... Well, Just steal one of us white people's identity.They never look for us!
Back to being stock and slow
it was a 58 yr old white man who i stole...lol
haha It should've worked then... Well practice makes perfect so keep trying.
Back to being stock and slow
lol
I'm in some what of a similar position trying to build my score for the future. I def. try to live within my limit, and I wont lie at times you spend an extra dollar you could save. But to be real with you even that is understandable. If you had a hard week, you've done well no one is saying you can not treat yourself to a meal outside or whatever it might be that makes you happy as long as its within moderation.
Is there any reason you keep pushing for an AMEX? I know I have been considering a new credit card myself...but I haven't limited myself to an Amex just yet. I have been considering AMEX, Discover, and Citi cards. From the looks of it AMEX seems to offer the longest possible length of time for no APR which is 15 months. and Discover is only doing 6 months. Citi doing up to 12 months..
Of what I hear and know I really like Discover cards...but I don't like only getting 6 months no APR. AMEX is AMEX..everyone knows it, and I like their up to 15 months, but at the same time I would think its much easier to get a Citi card than it is an AMEX
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