Visit from the credit fairy.
Link to original video: https://youtu.be/HtVs7J_wq28
Sic Semper Tyrannis
|The cake is a lie!|
I'm using a credit simulator and I no matter what I do, I can't seem to get it to move up more than 4 points, and that's by increasing my card limit.
Both cards have zero balance and no loans or debt.
I paid off my mortgage and student loans a couple months ago and my credit score dropped from the 830s to the high 700s. "No record of recurring payments"
My hovercraft is full of eels.
|His diet consists of black|
coffee, and sarcasm.
Paying off my car in 2011 did nothing for my score. In fact, no longer having a car payment, therefore not having a car loan, itself hurt it, as does not having a mortgage (I just rent an apartment). Not enough "mix" of credit, they said, or some shit. The only thing that has brought it up is paying down high credit card balances. Yeah, they're making a lot of money off me, but I'm working on it.
|I Wanna Missile|
Don't close revolving accounts. Pay them, keep them open but inactive.
However, even closed accounts like a paid off car loan still show length of credit history.
"I am a Soldier. I fight where I'm told and I win where I fight."
GEN George S. Patton, Jr.
|Fighting the good fight|
Same here. Paid off car and student loans in March. Dropped from 821 to 801.
LOL Seriously though I've never seen my FICO reach 800, I 'll check it now............ ok it's 786. I really wouldn't care if the damn credit score was 0 other than apparently, for whatever stupid reason, it can effect ones insurance rate.
No car is as much fun to drive, as any motorcycle is to ride.
According to one of my credit grantors, I am an 850. I use under 10% of my 4 Visa/AMX credit limits, I have had one inquiry in the last 12 months, I owe about 40% of value on a Ford Pickup, my home is paid for and all payments are automatically debited from my checking account. I have a HELOC for $100k that is untapped as well. I have never had a late payment. I have had credit cards and loans for nearly 50 years.
My other credit grantors have me at about a 835 or so. If I have a credit card bill that is up about $2,500 from average, my score drops a couple of points. Just don't miss a payment.
I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
When you have no future, you live in the past. " Sycamore Row" by John Grisham
Liberalism is a failure to find pathways to intelligence in your brain. - David Lawrence
|quarter MOA visionary|
You mean profitable to the credit provider or profitable to the vendor you are buying whatever from?
FWIW, I'm always in the 840's range but I pay off everything now at the end of the month or billing cycle > THAT can't be very profitable to the credit provider as they aren't making anything in interest from me.
|Powered by Social Strata||Page 1 2|