User Panel
User Panel
User Panel
|
Posted: 1/1/2022 5:40:02 PM EDT
[#1]
Mine has been bouncing around a lot lately from using my cards for new furniture and outfitting the new home, still above 800 so no worries here. I'm sure it will start to climb back up as soon as I pay down these cards in a few weeks.
|
|
|
|
Posted: 1/1/2022 5:40:59 PM EDT
[#2]
 At "credit risk" |
|
|
|
Posted: 1/1/2022 5:42:28 PM EDT
[#3]
Quote HistoryQuoted: FICO score is more about how well creditors can make money off you than how well you manage money. They aren't making money off you when everything is paid off. For reels? That may explain why mine went down 45 points for no reason apparent to me. Other than we have paid most things off and use a CC card for everything and pay it off every month. |
|
|
|
Posted: 1/1/2022 5:42:45 PM EDT
[#4]
Quote HistoryQuoted: Then why is mine always around 815-830? I am 100% debt free, utilize about 3-4% of my credit, pay off every month, paid off mortgage, no auto loans since 2003, no loans. Quote HistoryQuoted: Quoted: FICO score is more about how well creditors can make money off you than how well you manage money. They aren't making money off you when everything is paid off. I am 100% debt free, utilize about 3-4% of my credit, pay off every month, paid off mortgage, no auto loans since 2003, no loans. |
|
|
|
Posted: 1/1/2022 5:44:56 PM EDT
[#5]
I downloaded the Experian app. I was successful in manipulating my score all the way to 849, one point shy of a perfect 850, but I bought a new car dropping it to 840.
|
|
|
|
Posted: 1/1/2022 6:49:49 PM EDT
[#6]
Quote HistoryQuoted: I downloaded the Experian app. I was successful in manipulating my score all the way to 849, one point shy of a perfect 850, but I bought a new car dropping it to 840. How did the app help you accomplish that? |
|
|
|
Posted: 1/1/2022 6:52:40 PM EDT
[#7]
Quote HistoryQuoted: Mine does weird drops every 5-6 months usually about 40 points..zero debt, balance payed monthly...  https://www.ar15.com/media/mediaFiles/404934/Screen_Shot_2022-01-01_at_6_48_47_AM_png-2224363.JPG Mines was above 800 for decades. No idea what it is since I retired, don't care, not even looking. |
|
|
|
Posted: 1/1/2022 8:02:23 PM EDT
[#8]
Quote HistoryQuoted: Then why is mine always around 815-830? I am 100% debt free, utilize about 3-4% of my credit, pay off every month, paid off mortgage, no auto loans since 2003, no loans. Same here. 818 last time I checked a few days ago. |
|
|
|
Posted: 1/1/2022 8:36:34 PM EDT
[#9]
The middle class assess their financial situation by credit score #.
The upper class assess their financial situation by net worth $. Haven't tracked credit score in some time, but I do track my net-worth. I don't need or want their money. Indebted men are NOT free |
|
|
|
Posted: 1/1/2022 8:39:02 PM EDT
[#10]
Quote HistoryQuoted: The middle class assess their financial situation by credit score #. The upper class assess their financial situation by net worth $. Haven't tracked credit score in some time, but I do track my net-worth. I don't need or want their money. Indebted men are NOT free 
|
|
|
|
Posted: 1/1/2022 8:41:35 PM EDT
[#11]
Quote HistoryQuoted: The middle class assess their financial situation by credit score #. The upper class assess their financial situation by net worth $. Haven't tracked credit score in some time, but I do track my net-worth. I don't need or want their money. Indebted men are NOT free  |
|
|
|
Posted: 1/1/2022 9:30:51 PM EDT
[#12]
Quote HistoryQuoted: The middle class assess their financial situation by credit score #. The upper class assess their financial situation by net worth $. Haven't tracked credit score in some time, but I do track my net-worth. I don't need or want their money. Indebted men are NOT free
|
|
|
|
Posted: 1/1/2022 9:31:15 PM EDT
[#13]
Quote HistoryQuoted: How did the app help you accomplish that? I was able to track my score - updates at the end of the month. I knew what took it up, what took it down. Took me two years in an effort to try to make 850. I would be there by now if my last car didn’t take a shit on me. 
|
|
|
|
Posted: 1/1/2022 9:44:30 PM EDT
[#14]
Pay off most of your credit card debt before the card closing date...which is roughly three weeks before the due date.
|
|
|
|
Posted: 1/1/2022 9:46:48 PM EDT
[#15]
Quote HistoryQuoted: The middle class assess their financial situation by credit score #. The upper class assess their financial situation by net worth $. Haven't tracked credit score in some time, but I do track my net-worth. I don't need or want their money. Indebted men are NOT free 
|
|
|
|
Posted: 1/1/2022 10:24:48 PM EDT
[#16]
just checked my credit score and it says 8 i did it with Experian whats the best way of
getting it up to an acceptable level for a car loan or mortgage . |
|
|
|
Posted: 1/1/2022 10:28:11 PM EDT
[#17]
Quote HistoryQuoted: just checked my credit score and it says 8 i did it with Experian whats the best way of getting it up to an acceptable level for a car loan or mortgage . You need at least a 9 or 10 for a mortgage. I got a 0% interest mortgage because I got my fico up 10. |
|
|
|
Posted: 1/1/2022 10:28:37 PM EDT
[#18]
If everything is paid off why do you care?
I don't even know what mine is anymore I just pay off my balance every month. |
|
|
|
Posted: 1/1/2022 10:33:01 PM EDT
[#19]
Who cares and why?
|
|
|
|
Posted: 1/1/2022 10:34:52 PM EDT
[#20]
Quote HistoryQuoted: Who cares and why? The OP and a bunch of others care because it determines what rates you can get for borrowing for a car or house. Did you not know this? |
|
|
|
Posted: 1/1/2022 10:46:09 PM EDT
[#21]
I have zero debt and a credit score that fluctuates between 800-830. I have two credit cards and a line of credit. I use both cards for nearly all my purchases and pay off the balances monthly. I mainly use the cards because I get cash back on purchases which ends up being nearly $1000 per year. Use your credit you have and it will boost your score.
|
|
|
|
Posted: 1/1/2022 10:46:18 PM EDT
[#22]
I have no idea what my credit score is so I can't really participate in the one-upmanship and humble bragging these threads bring out.
|
|
|
|
Posted: 1/1/2022 10:50:06 PM EDT
[#23]
Quote HistoryQuoted: I have no idea what my credit score is so I can't really participate in the one-upmanship and humble bragging these threads bring out. Yet here you are, thinking you're one upping by being too cool to know your score, and then letting us know how cool your are. |
|
|
|
Posted: 1/1/2022 10:50:18 PM EDT
[#24]
Quote HistoryQuoted: just checked my credit score and it says 8 i did it with Experian whats the best way of getting it up to an acceptable level for a car loan or mortgage . 8 or 9 is the FICO version. Your credit score will be a three digit number. Example: FICO® Score 9 based on Equifax data. "9" is not a FICO score. |
|
|
|
Posted: 1/1/2022 10:52:49 PM EDT
[#25]
Quote HistoryQuoted: I have no idea what my credit score is so I can't really participate in the one-upmanship and humble bragging these threads bring out. |
|
|
|
Posted: 1/1/2022 10:52:50 PM EDT
[#26]
Quote HistoryQuoted: I have no idea what my credit score is so I can't really participate in the one-upmanship and humble bragging these threads bring out. Humble bragging in these threads doesn’t need a credit score. If you don’t know your score , you just say that you buy a new home with cash every couple of years and a new car with cash every year, and act like you don’t know even know why credit scores exist. That is peak humble bragging, and you too can do it. |
|
|
|
Posted: 1/1/2022 10:53:54 PM EDT
[#27]
My score is like 569, so as you can see, I'm the envy of all the 568 manlets.
|
|
|
|
Posted: 1/1/2022 10:57:54 PM EDT
[#28]
Quote HistoryQuoted: That's nothing. Our local hospital sent me straight to collections instead of sending me a bill for $904 and my credit score dropped from 830 to 700. I got a notice that my credit report had changed and then contacted the hospital the next day and paid it. That was over a year ago and it's only up to 720 now. I was so pissed but no one would do anything to fix it so I'm the one who gets fucked. Dispute the delinquent hospital payment. Or have the hospital remove it. |
|
|
|
Posted: 1/1/2022 10:58:27 PM EDT
[#29]
You will be fine
|
|
|
|
Posted: 1/1/2022 10:58:53 PM EDT
[#30]
Quote HistoryQuoted: Dispute the delinquent hospital payment. Or have the hospital remove it. Tell them you'll pay it when all the other freeloaders in the ER pay theirs. |
|
|
|
Posted: 1/1/2022 10:58:56 PM EDT
[#31]
I wouldn't worry about it. 700+ with a decent income will get you whatever you want to finance within your means. If your trying to finance something outrageously expensive you might need that 800+.
|
|
|
|
Posted: 1/1/2022 11:00:43 PM EDT
[#32]
Quote HistoryQuoted: just checked my credit score and it says 8 i did it with Experian whats the best way of getting it up to an acceptable level for a car loan or mortgage .
|
|
|
|
Posted: 1/1/2022 11:02:29 PM EDT
[#33]
In was in the low to mid 700’s Everything paid off. This last year opened another credit card. Financed a washer and dryer. Over 800. I know it will drop when i pay everything off again
Its really a debt score |
|
|
|
Posted: 1/1/2022 11:03:12 PM EDT
[#34]
Quote HistoryQuoted: My score is like 569, so as you can see, I'm the envy of all the 568 manlets. Thats 561 points better than Cranberry tho. You should be proud. |
|
|
|
Posted: 1/1/2022 11:04:39 PM EDT
[#35]
750 +/- is a great credit score.
I have flirted with 800, but don't really think it matters. |
|
|
|
Posted: 1/2/2022 3:11:48 AM EDT
[#36]
Quote HistoryQuoted: No way. How? Quote HistoryQuoted: Quoted: mines like 525, don't sweat it Op No way. How?  Attached File |
|
|
|
Posted: 1/2/2022 3:15:08 AM EDT
[#37]
Quoted: 51 y/o, house is paid off, cars are paid off, CC's are paid in full every month. Four weeks ago my score was at 752, today it drops to 744. I am almost out of the Very Good range. What is this nonsense? How do I not look like a great credit risk when it comes to finances? I've not had any hard credit inquiries for financing Mine dropped from 730 in October to 690 in November....and literally zero financial events had occurred during that time. Got two credit cards with <$200 on each, and all things are paid off (mortgage and car payment paid off in 2020). 25 year history with the same bank. No late bills, either. |
|
|
|
Posted: 1/2/2022 3:17:49 AM EDT
[#38]
You pay a lot of money to have a very top credit score. Will that score cost less than the interest you pay on things you finance for not having it? Only you can decide.
Guessing there's a LOT of odd things in those numbers and reports. Mine has for a long time had a credit history of 43 years. I'm 50 I really don't remember applying for credit at age 7. |
|
|
|
Posted: 1/2/2022 3:24:58 AM EDT
[#39]
Quote HistoryQuoted: Then why is mine always around 815-830? I am 100% debt free, utilize about 3-4% of my credit, pay off every month, paid off mortgage, no auto loans since 2003, no loans. |
|
|
|
Posted: 1/2/2022 3:31:18 AM EDT
[#40]
I have some family that works in finance for a few different financial institutions. A credit score around 720 will get you just about the best rate possible from multiple lenders. I was actually surprised when my 800+ score didn't qualify me for any better of a mortgage rate than a 740 would have. That was seen shopping around with a multitude of lenders.
|
|
|
|
Posted: 1/2/2022 3:36:02 AM EDT
[#41]
Quote HistoryQuote HistoryQuoted: Quoted: Quoted: mines like 525, don't sweat it Op No way. How? https://www.ar15.com/media/mediaFiles/277411/Untitled_png-2225436.JPG Where’s the “What’s hurting you score” screenshot?
|
|
|
|
Posted: 1/2/2022 3:37:19 AM EDT
[#42]
Quote HistoryQuoted: I have some family that works in finance for a few different financial institutions. A credit score around 720 will get you just about the best rate possible from multiple lenders. I was actually surprised when my 800+ score didn't qualify me for any better of a mortgage rate than a 740 would have. That was seen shopping around with a multitude of lenders. that's the key, 720 I did get top tier from GM FInancial |
|
|
|
Posted: 1/2/2022 3:42:26 AM EDT
[#43]
Quote HistoryQuoted: Where’s the “What’s hurting you score” screenshot? Quote HistoryQuoted: Quoted: Quoted: Quoted: mines like 525, don't sweat it Op No way. How? https://www.ar15.com/media/mediaFiles/277411/Untitled_png-2225436.JPG Where’s the “What’s hurting you score” screenshot? here ya go!  Attached File |
|
|
|
Posted: 1/2/2022 3:51:53 AM EDT
[#44]
Quote HistoryQuoted: Your score isn't used by financing companies like you think it is. It's actually a measure of how much $$$ they can drain from you. Your history shows them that you don't like to keep much debt, so this means they can't extract as much $$$ from you This. You are no longer as valuable as a squirrel on thier wheels of perpetual debt. |
|
|
|
Posted: 1/2/2022 3:53:24 AM EDT
[#45]
Quote HistoryQuoted: This. You are no longer as valuable as a squirrel on thier wheels of perpetual debt. Quote HistoryQuoted: Quoted: Your score isn't used by financing companies like you think it is. It's actually a measure of how much $$$ they can drain from you. Your history shows them that you don't like to keep much debt, so this means they can't extract as much $$$ from you This. You are no longer as valuable as a squirrel on thier wheels of perpetual debt. cash is kind...amitrite??! 
|
|
|
|
Posted: 1/2/2022 4:21:47 AM EDT
[#46]
These threads are always good for a laugh.
Upwards of 90% of people in this thread are appallingly ignorant in credit matters. Hey, I’m going to head over to the MyFICO forums to ask some technical firearms questions. OP: LIsten to FALARK and ignore the rest of these jokers |
|
|
|
Posted: 1/2/2022 4:22:29 AM EDT
[#47]
…..
|
|
|
|
Posted: 1/2/2022 5:19:22 AM EDT
[#48]
Quote HistoryQuoted: You pay a lot of money to have a very top credit score. Will that score cost less than the interest you pay on things you finance for not having it? Only you can decide. Guessing there's a LOT of odd things in those numbers and reports. Mine has for a long time had a credit history of 43 years. I'm 50 I really don't remember applying for credit at age 7. Baloney. I had an 850 FICO-8 score for a while and don't pay a penny in interest. For the purposes of your FICO score, a 0% car loan benefits you the same as a 6.9% car loan. And, before you start, I negotiated my price before I discussed how I was paying for it, so the purchase price didn't get bumped to accommodate it. |
|
|
|
Posted: 1/2/2022 5:25:26 AM EDT
[#49]
Quote HistoryQuoted: I was able to track my score - updates at the end of the month. I knew what took it up, what took it down. Took me two years in an effort to try to make 850. I would be there by now if my last car didn’t take a shit on me. https://www.ar15.com/media/mediaFiles/474231/3B15819B-ACC4-432B-BCE1-2CDA19B97F22-2225152.jpg Your fixation on your FICO score seems a bit strange. |
|
|
|
Posted: 1/2/2022 6:05:57 AM EDT
[#50]
Quote HistoryQuoted: Everything is paid off and you pay the cards off every month. Not enough credit/loan utilization? Everything we have is paid off and the ONLY credit we have is two credit cards everything else was paid off years ago and one of the two is a small limit backup card. We put everything we can on the main card (it's a rewards card) and pay it off every month so no interest and my score right now is 773, |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
