SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (68984)8/28/2006 5:23:49 PM
From: 8bits  Read Replies (1) | Respond to of 110194
 
My credit score is 770. It was 780 until I sold my house then dropped to 760 after I sold. Once on of my past credit checks for a refi dropped off (Which I never used since they had lied about the overall costs.)...my score went to 770. So now I have a few extra 100K and I deemed a greater credit risk... okay...

I know every time one applies for a loan, credit card, or even new phone line or utility they can check your credit which will drop your score. Never mind that you might be taking a more prudent path by going with a card or a loan with lower interest.



To: Wyätt Gwyön who wrote (68984)8/28/2006 5:25:10 PM
From: 8bits  Respond to of 110194
 
"i know i have checked mine and it is only like 780 even though i have no debt, pay CC balance off every month, etc."

It's because you read Thomas Pynchon.....



To: Wyätt Gwyön who wrote (68984)8/28/2006 5:25:58 PM
From: Real Man  Read Replies (1) | Respond to of 110194
 
Guess what? If you have no big debt, such as a mortgage, a
car loan, etc., your
credit score is actually lower. Take out a mortgage, and
that will bump it up to 830. I checked that on citi credit
score simulator.
It's a country for debt junkies. Well, having credit card
debt hurts it. Even if you pay them off every month, the credit
card debt is your ending balance. If it is a large percentage
of your credit line, it hurts more. At 100% your score could
drop by 100. Not mortgage, though. That thing improves it.
-g-



To: Wyätt Gwyön who wrote (68984)8/28/2006 8:57:20 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 110194
 
My credit score is over 840. This is because I have large amounts of credit available and use well less than 10% of my total credit available.

Does this affect the pricing on my insurance policies? Yes.

Does this affect my ability to get additional credit? Yes.
.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News