Lets talk credit and credit cards

Some dick wad opened up an account in my name three months ago. I only found out cause my credit score took a MASSIVE hit when they said the shit was past due.

How the fuck they do that was a phone number I haven't used since 2009?
 
Mister B. M. Ed. said:
Some dick wad opened up an account in my name three months ago. I only found out cause my credit score took a MASSIVE hit when they said the shit was past due.

How the fuck they do that was a phone number I haven't used since 2009?
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go ahead and freeze ya credit bruh.
 
Disappointed with capital one this morning


They gave me a credit line increase that was very low despite me paying the card off every month

Sigh
 
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I usually use my credit card very lightly, heaviest during the holidays. I pay off my card every time, I don’t like to keep any debt around. My credit score is high and I don’t use it as often. My credit score about a couple years ago wasn’t bad but I just needed it to be raised because I have not had a credit card in almost a decade. So with small purchases and paying everything EARLY I bumped up my credit score.

If you can pay your credit card earlier than the dude date, IN FULL. My rule is, if I’m spending $100 I better have $200 while using my credit card. But as I got older, it’s hard to always maintain that rule, but I do
 
100blafys said:
I usually use my credit card very lightly, heaviest during the holidays. I pay off my card every time, I don’t like to keep any debt around. My credit score is high and I don’t use it as often. My credit score about a couple years ago wasn’t bad but I just needed it to be raised because I have not had a credit card in almost a decade. So with small purchases and paying everything EARLY I bumped up my credit score.

If you can pay your credit card earlier than the dude date, IN FULL. My rule is, if I’m spending $100 I better have $200 while using my credit card. But as I got older, it’s hard to always maintain that rule, but I do
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Yup they say try to keep usage under 30 percent and when I do go over I try to pay right off
 
don't get discouraged with learning how to use credit.....especially credit cards

a lot of people don't realize finance is more so about behavioral habits versus pure mathematical computation/decision-making ability


with credit cards it's really about ur usage vs the top amount of credit u have available to use

I'd advise using ur credit card on small purchases frequently until u can build up ur credit limit


credit card companies will boost ur limit quickly if they see u use ur credit card a lot and make quick payments

then once ur limit is high enough it's good to carry a balance until ur actual credit score rises.......it takes about a yr but u can get ur credit score in the 700s using this method (caveat is that u don't have anything extreme weighing down ur credit score like previous discharged debt)
 
Mr BFK said:
with credit cards it's really about ur usage vs the top amount of credit u have available to use

I'd advise using ur credit card on small purchases frequently until u can build up ur credit limit


credit card companies will boost ur limit quickly if they see u use ur credit card a lot and make quick payments

then once ur limit is high enough it's good to carry a balance until ur actual credit score rises.......it takes about a yr but u can get ur credit score in the 700s using this method (caveat is that u don't have anything extreme weighing down ur credit score like previous discharged debt)
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That’s exactly what I did
No one told me, I thought of it and stuck to it
It has boosted up my credit acore


I really really need to see what I get with my credit card reward points. I know I spent them all on Amazon a couple years ago, I had about 300pts
 
100blafys said:
That’s exactly what I did
No one told me, I thought of it and stuck to it
It has boosted up my credit acore


I really really need to see what I get with my credit card reward points. I know I spent them all on Amazon a couple years ago, I had about 300pts
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yeah credit card companies are always looking for ways to make as much money off of u

if they see u make payments quick and u carry a balance......they'll up ur credit limit cuz they make money off the transaction fees and ur interest fees


the rig to the game is u have to use credit in order to get more credit

never make a minimum payment tho
 
Mr BFK said:
yeah credit card companies are always looking for ways to make as much money off of u

if they see u make payments quick and u carry a balance......they'll up ur credit limit cuz they make money off the transaction fees and ur interest fees


the rig to the game is u have to use credit in order to get more credit

never make a minimum payment tho
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Yeah I only made a minimum payment when I was 19/20 with my very first credit card

I bought some Timbs and Tony Hawk Video game

I paid the minimum and had the rest saved, just to see what would happen. I didn’t know about INTREST RATES and it went up, but just a couple dollars. It’s just that I had the EXACT amount saved on the side for it. So I learned about intrest rates, and always pay all on time.
 
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