Handguns
Subscribe
Digital Now Included!
Current Subscribers Click Here.
Current Subscribers Click Here.
All Florida Sportsman subscribers now have digital access to their magazine content. This means you have the option to read your magazine on most popular phones and tablets.
To get started, click the link below to visit mymagnow.com and learn how to access your digital magazine.
Replies
I carry no debt but still have the highest credit score available.
If you read the links I provided it would have told you. When you used the one card for everything the balance for that month likely exceeded 30% of the credit line for that card. This increased the utilization rate and lowered your score. Never charge more than 30% of the credit limit in any one month. Use two cards if need be to spread the charges out and pay it off every month. The balance reported is before the payment is made.
Former Mini Mart Magnate
I am just here for my amusement.
My score dropped when i got an increase in credit from chase. I didnt ask for it, they gave me an increase. It will bounce back either ways in a few months and higher score. One reason you should be looking at your credit score if you are shopping for a house, car, or getting a card with better rate or perks. If you are not, than dont go crazy with it if it drops a few points or 50.
Just remember that Credit Karma is using VantageScore 3.0 and many others are using FICO system. This will give you a general idea where you are at within your credit score. The scores can be near or off depeding on what system they are using. Which can put you in a either a "GOOD" rating or an "Excellent." Also FICO 8 is starting be use more now and they changed the system around. If you had an excellent credit with FICO 7 you might have a good credit with FICO 8 or other way around.
1 last thing is which FICO system are they using for that loan for a car, mortgage, credit card or in house system? Buy a house might use FICO 5 system and the CC company will use FICO 8 etc. You might score better with the older system or not.
This is correct. I pay my credit cards off every month and our house is paid for. My credit score is 820
Mine is 825 (when I was guarantor for my son's car loan a couple of months ago).
I wonder if it is possible to get to 850? It seems to be a timing thing. If they run the update during the mid-cycle of you Amex or CC period they then capture the balance, and not the fact that it is paid off in total a couple of weeks later.
Might be a bit of an experiment to use only debit card for a month and keep zero balances on the cards to see if I can get close.
Sent from my SM-G920T using Tapatalk
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.
Abraham Lincoln
Agree!! Debt is only good when you have to have it, like a house. But only one you can comfortably afford.
One of the things we'll do is when a tire place has 6 months same as cash, or something like that we'll do it, just to spread out the money. I like keeping my money in my pocket, if i can spread out a $900 hit over 90 days or 180 days without paying interest i'll definitely do it.
AGREE.
I only have two or three credit cards.
If used, they are always zero balanced at the end of the month -- so they don't get any high-interest-rate monies for maintaining a balance.
Nevertheless, at least once a week I get an email or written notice to get another credit card; or to fill in my current income information to increase my credit limit.
Shiiiiiiiiiiiiiiiiiiiiet! On one I almost never use, I could buy a small car with just a signature.
Else-wise, use a debit card and know up-to-the-minuet how you stand, and can laugh at the poor bastids who run up credit card debt.
A southeast Florida laid back beach bum and volunteer bikini assessor who lives on island time.
I have had a prime + 0% for life credit card for 15 years. I am very careful to not **** them off and always pay on time.
You are partially correct.
Some years ago I bought a new Ford Explorer for zero percent for 6 years, as I can remember.
Since after all the haggling to make sure the price was a deal, that free money was a great incentive.
Set up an account to automatically send in the payment from one of my accounts and all went well until
it was paid off.
The Ford dealer keeps sending me notices about new offers on their new vehicles.
:USA
MAKING AMERICA GREAT AGAIN!
A southeast Florida laid back beach bum and volunteer bikini assessor who lives on island time.