So Let's Talk About Good Credit And Ways to Restore Bad Credit...Step Inside...

[freshfromatl]

Also if you walking around with less than $3000 of unsolved debt...you one lazy mafucka...

I know cause I was once one of these people...credit score straight fucked over $2300 of debt Smh...

 

[Fundz O' Plenty]

Real nigga thread... *props*

Most people don't realize that carrying a high balance for months on end of over 30% of your card limit FUCKS YOUR SCORE UP!!!!

If you have a card with $1,000 limit, DO NOT let $600 worth of charges just sit there. Pay the shit off. The most you SHOULD carry, if you have to carry anything (for a $1,000 limit card) is $300 (30% of the $1,000)

You're all welcome.

 

[Darius]

don't cancel your credit card, regardless of the debt.

 

[freshfromatl]

Real nigga thread... *props*

Most people don't realize that carrying a high balance for months on end of over 30% of your card limit FUCKS YOUR SCORE UP!!!!

If you have a card with $1,000 limit, DO NOT let $600 worth of charges just sit there. Pay the shit off. The most you SHOULD carry, if you have to carry anything (for a $1,000 limit card) is $300 (30% of the $1,000)

You're all welcome.

*Daps* whats good bruh....

This thread deserves to do numbers, but probably won't smh...

 

[freshfromatl]

don't cancel your credit card, regardless of the debt.

Exactly...A lot of people don't understand this concept...everyone needs a open line of credit...even if you ain't doing nothing but purchasing gas on the credit card...

 

[Fundz O' Plenty]

*Daps* whats good bruh....

This thread deserves to do numbers, but probably won't smh...

Ain't nothin' homie. This a real one you got here mayne... Most these cats don't understand how interest works or nothing nor do they really care. Sad shit. But I'mma hold it down cause that's what real niggas do.

I'm actually ridin' with you advice on the secure credit card move. In this world, you need credit if you don't have cash. I tried to aviod the game but you have to play it to an extent. Again, good lookin'...

 

[aneed123]

do jewelry cards count as credit? how much does paying offa a car and paying rent on apartments help? after 7 years does the debt go off ur report? (cuz I owed 1200 for a card) and 7 yrs has passed and I did a dispute and they supposedly took it off my report

 

[mike06]

now i gotta question.....what if we dont have the money to Settle the debts.....a CC card called me the other day lookin for $680 out my pocket to settle.....i politetly told hold on lemme get my checkbook and hung up the phone....lmao.....also can i apply for a secured CC even with my previous CC debt issues?....im tryin to get a house this year(and ASAP cuz my girl's preggo).

 

[Darius]

plus they raised the max score, so if you had a 700 a few years ago you were straight, but now a 700 is barely gets a C grade

 

[mike06]

also what about some tips on CC's for small business...

 

[quietaskept]

What's the impact of bills such as cell phone, electricity, cable, etc on your credit? Do they affect your credit score moreso than credit card debt and loans?

 

[Fundz O' Plenty]

do jewelry cards count as credit? how much does paying offa a car and paying rent on apartments help? after 7 years does the debt go off ur report? (cuz I owed 1200 for a card) and 7 yrs has passed and I did a dispute and they supposedly took it off my report

1. Yes, jewelry cards count (REVOLVING DEBT)

2. Paying off a car(INSTALLMENT DEBT), huge. (Debt to income ratio) The less money going out, the more you can stand to borrow.

3. Apartment, no.

4. I believe it can be as long as 10 years now. But double check.

 

[haute]

plus they raised the max score, so if you had a 700 a few years ago you were straight, but now a 700 is barely gets a C grade

whays the new max score???

 

[goat334]

now i gotta question.....what if we dont have the money to Settle the debts.....a CC card called me the other day lookin for $680 out my pocket to settle.....i politetly told hold on lemme get my checkbook and hung up the phone....lmao.....also can i apply for a secured CC even with my previous CC debt issues?....im tryin to get a house this year(and ASAP cuz my girl's preggo).

You can make a payment plan to pay it off......you gonna have to pay it to get the house

 

[Fundz O' Plenty]

now i gotta question.....what if we dont have the money to Settle the debts.....a CC card called me the other day lookin for $680 out my pocket to settle.....i politetly told hold on lemme get my checkbook and hung up the phone....lmao.....also can i apply for a secured CC even with my previous CC debt issues?....im tryin to get a house this year(and ASAP cuz my girl's preggo).

1. How much was the orginal debt? $680 is the settlement? You CAN'T settle it with no money, no such thing. Bargain down as low as you can. See if you can break the $680 into installments, most give you like 4 installments.

You HAVE TO SETTLE THIS. It will not just go away.

2. Yes, you can apply for a secured because you are using your money, hence, the "secured" part.

 

[Fundz O' Plenty]

whays the new max score???

990 .

 

[goat334]

What's the impact of bills such as cell phone, electricity, cable, etc on your credit? Do they affect your credit score moreso than credit card debt and loans?

Those accounts usually show up when they are in collection......but having utilities in your name is a way to start credit, but you gonna need more than that.....

 

[Fundz O' Plenty]

What's the impact of bills such as cell phone, electricity, cable, etc on your credit? Do they affect your credit score moreso than credit card debt and loans?

All of these can report to the credit bureas. If you don't pay, if affect your score like anything else. Unpaid debt is just that and it will affect your score the same.

 

[LisaSimpson]

<<<has had good credit for years

 

[Fundz O' Plenty]

also what about some tips on CC's for small business...

If you're just starting out, they use your information to "qualify" you for a "company" card because as a business you have no credit history.