What is your credit score?

Seems that your credit score is being used by insurance companies and your possible future employer. Hell ...I used mine when I applied for a security job. Took a long time to reach 800 but what good is it? I ain't going to go buy a new car. Don't need a car. Mortgage is paid off. When I or the wife get a major health problem and I max out all my credit cards to pay for it all and then file for bankruptcy I won't give a f*ck about a f*cking credit score.

for not having a loan of some kind to pay the corps interest. I totally agree, fuck them!

It punishes those who pay things off on a timely basis when they should be rewarded.

We truly live in bizzaro world now.

it tells lenders a general idea of much of a risk a person is to lend money to or to give credit to.

If someone never takes out a loan nor has a credit card, then that person is an unknown to lenders...makes them more of a risk and probably a lower FICO score.

If someone has several credit cards, low overall utilization, pays balances right away and has had them open for several years, they are considered to be a low risk, hence a higher FICO score.

If someone has a few credit cards and they're all charged up, that's a red flag to lenders that someone is either having problems paying bills or doesn't have the ability to pay them or is having cash-flow issues, etc. Thus, they'll have a lower FICO score.

interest to some corp, you cannot get credit. Just not right when there is a history of prompt payments, regardless of present accounts. Should a history of prompt repayment be cause for basically punishment?

My Home Depot and Lowe's accounts have 0% offers for purchases of a certain size.

One of my credit unions has a 0% for 12 months balance transfer program.

Bought some furniture at 0% for 12 months.

I own my house, cars, got money in the bank.

illness has taken its toll

If you don't have a good credit score, kiss moving to a new place good bye!

I know I do on rental applications.

For example on Craigs list, if you look for a place to rent, some of these ads show the image of a place to rent..and give an address. One that does not actually exist. They make you jump hoops by getting a credit check, which ends up costing you money, and you find out the ad was placed by the Credit Check company, and not a landlord or a Rental Company. You are allowed to get one free credit check a year, but after that, you are charged for one. Its not cheap either, and if the so called landlord puts an add on Craigs list saying they need a credit check that was done within the last 3 months, then you are stuck, unless you purchase a new credit check.

I hate this stuff, and I have written to people at craigslist about it.

I suppose it is pretty high since I haven't been late on a bill in many years. I haven't borrowed money since 1980 (mortgage).

Everyone says you can check what it is for free, but I haven't found a source that doesn't require you to sign up for something, so I haven't done it. Not really concerned because I do not intend to borrow any more money in my lifetime. But, things change, and you never know for sure.

I was a credit manager back in the mid-seventies, but we relied on the retail merchants associations and Dunn and Bradstreet to get our information. We didn't even have calculators.... still used those old hundred-key push button machines with a crank handle.

extra.

your insurance rates, or whether you get a job. I can understand how a high credit score would affect whether you get a loan, but beyond that, it is creepy that they are using this for so many bizarre things. I feel sorry for the people who do not have credit because they don't buy anything they cannot afford to pay for. It used to be that was a good thing.

And what is scarier is that there are so many errors in people's credit scores. These companies who rate us are not regulated, and they have little reason to care if they screw up some reports. You are not their customer, and they do not make it easy to correct erroneous information. That just sucks.

They are bills you always pay anyway and it keeps your credit cards active and after a few years you will have a decent score.

necessity I have to pay anyways. And I pay off the card when the bill comes. It keeps the card active without frivolous spending. (well at the prices today, it does feel frivolous). Almost every other purchase is cash, or I have to wait until I do have the cash.

It is a sick world when your credit score will affect...whether you get a job

That it depends upon the job. If you are handling/responsible for money, I think a good credit score is a requirement. For a person who never comes in contact with other people's money, I think it's abusive.

the ones who are having credit issues. No one seems to care that you had a very high rating for 30 years until you lost a job. They are only reporting the current information. It sucks, and it should be illegal to use credit scores for uses other than extending credit.

:shrug:

didn't give flying F**K either way.

They say a man should always dress for the job he wants
So why am I dressed like a pirate in this restaurant
It's all because some hacker stole my identity
Now I'm in here every evening serving chowder and ice tea
Should'a gone to free credit report dot com
I could'a seen this comin' at me like an atom bomb
They monitor your credit and send you e-mail alerts
So you don't end up selling fish to tourists in t-shirts


http://www.youtube.com/watch?v=zMXv0__CYSU


:smoke:

A slight dip down recently due to some new accounts (gotta love home improvement projects) but that will recover quickly.

I've been off the grid since 02. Before that I was prime bait for the credit industry. I carried about $65K a year in credit debt and they loved me. Once I shut down the credit I became a pariah.
These days I don't care what my credit score is. I don't need or want credit.

and as far as I know, nobody really cares about them.

But since they take into account how often you move as part of your "personal stability" (seriously :wtf:?!?) I'm probably pretty screwed.

Anyone want to suggest that future new DU members have at least 700 score?

:evilgrin:

I don't.

My score is 700,000.

And I have my condoms specially made.

And IQ scores are calibrated against mine.

Pi? Square root of -2?

I know I'm not responsible enough to have credit, and I am more than willing to admit my own deficiencies. Consequently, I never have reason to see what my score is. Probably not bad, I haven't had any late bills or whatnot since I got out of my mid 20's...back when I learned I wasn't responsible enough to have credit. :D

:woohoo:

However, I check my free credit reports three times a year at annualcreditreport.com.

My reports are all of moderate length with no negative entries, so I suspect my score is quite high.