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 Aug 20 2007, 12:49 PM
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#31
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 Group: Members Posts: 926 Joined: 2-May 07 Member No.: 1,015  |
just pay everything in cash and everything is cheaper...
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Aug 20 2007, 01:03 PM
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#32
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 Group: Admin Posts: 3,402 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (blaarg @ Aug 20 2007, 01:49 PM)  just pay everything in cash and everything is cheaper... Well, let's see, I get a discount with my credit card on airline flights, hotel stays, etc. so no, it's cheaper for me to use the card  Plus I get decent miles (I'm up to 150k miles on CO and 300k on AA, granted, not all from the CC), can you say "VACATION!"
-------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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Aug 20 2007, 01:06 PM
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#33
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
and for most people, it's a little difficult to pay cash for houses/cars/etc
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Aug 20 2007, 01:17 PM
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#34
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Group: Admin Posts: 3,402 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (impala454 @ Aug 20 2007, 02:06 PM) and for most people, it's a little difficult to pay cash for houses/cars/etc Also, in the case of a mortgage, it is potentially stupid. There is argument out there that you should take your mortgage and invest a portion of the funds in stocks or in some other kind of interest bearing account and have it pay your monthly house bill. -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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Aug 20 2007, 02:03 PM
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#35
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
exactly. which is why you see even mega rich people with mortgages on their homes. not to mention the tax breaks from mortgage interest and insurance.
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Aug 20 2007, 02:08 PM
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#36
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Group: Members Posts: 926 Joined: 2-May 07 Member No.: 1,015 |
but then you don't get to carry your assets around in a silver briefcase...
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Aug 20 2007, 02:39 PM
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#37
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 POTATO OLES Group: Members Posts: 1,602 Joined: 22-February 06 From: Newark, NJ Member No.: 17 |
That's how I roll. Randy Moss style. Straight cash, homey
-------------------- death to false dudes
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Aug 20 2007, 06:26 PM
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#38
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 Group: Members Posts: 706 Joined: 22-February 06 From: Lubbock, TX Member No.: 20 |
QUOTE (impala454 @ Aug 20 2007, 09:26 AM) I'm sorry but you're just wrong. If you have held credit cards, make purchases, and pay the full balance every month, your credit will be shit. Weird, I have very good credit, and I've paid the full balance every month on both my credit cards. I've never had a loan or mortgage. I always carry a balance on my card though, even though I pay it in full every month. -------------------- Beers that I have had, updated July 5th, 2009: 1,548
My Beer List "Patriotism is the last refuge of the scoundrel" - Samuel Johnson "I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ" - Mahatma Gandhi |
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Aug 20 2007, 07:55 PM
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#39
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 Group: Members Posts: 5,275 Joined: 22-February 06 Member No.: 2 |
For the people saying you have good credit without following Impala's advice... I'm sure you do have GOOD credit (fico score around 700 - 750). If you take Impala's advice you will have EXCELLENT credit (fico score around 800+).
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Aug 20 2007, 08:03 PM
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#40
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 Group: Members Posts: 1,761 Joined: 23-February 06 From: Lubbock/Dubai Member No.: 57 |
i could care less about my credit....
but then again i probably dont have that bad of credit myself -------------------- bored...so i did this
http://beerlist.wetpaint.com/ |
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Aug 20 2007, 08:29 PM
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#41
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
QUOTE (1up @ Aug 20 2007, 08:55 PM) For the people saying you have good credit without following Impala's advice... I'm sure you do have GOOD credit (fico score around 700 - 750). If you take Impala's advice you will have EXCELLENT credit (fico score around 800+). And it's virtually impossible to have such a high credit score at our age anyway because the low age of our accounts bites us in the butt... -------------------- |
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Aug 20 2007, 08:37 PM
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#42
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
well i think the coolest thing you can do is take advantage of the no interest financing you can get on from a lot of retail stores. helps you build credit and pay no interest and get a really cool TV/fridge/washer/dryer/whatever makes ya happy
 back in december i bought my 61" samsung DLP + stand + xbox 360 + games/controllers/etc and spent about $3500 total. they had no interest until 2010 for any purchase over $1000 from the video dept. |
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Aug 20 2007, 08:54 PM
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#43
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Group: Members Posts: 706 Joined: 22-February 06 From: Lubbock, TX Member No.: 20 |
QUOTE (1up @ Aug 20 2007, 07:55 PM) For the people saying you have good credit without following Impala's advice... I'm sure you do have GOOD credit (fico score around 700 - 750). If you take Impala's advice you will have EXCELLENT credit (fico score around 800+). 800+ here QUOTE (impala454 @ Aug 20 2007, 09:26 AM) and I dunno where this "closing accounts is bad" is coming from. http://www.fool.com/investing/small-cap/20...edit-cards.aspx QUOTE Removing old closed accounts that don't have any negative items is a bad idea simply because you benefit from a long credit history and those accounts speak to that credit history. (Remember, 15% of your credit score is determined by how long you've been borrowing. Here's how the rest of it is measured by The Man.)
-------------------- Beers that I have had, updated July 5th, 2009: 1,548
My Beer List "Patriotism is the last refuge of the scoundrel" - Samuel Johnson "I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ" - Mahatma Gandhi |
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Aug 20 2007, 08:57 PM
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#44
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
Well sure, that's cool and all. You just have to be careful to not do several deals like that at once, because the multiple inquiries on your credit report can ding you.
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Aug 20 2007, 09:01 PM
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#45
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Group: Members Posts: 5,275 Joined: 22-February 06 Member No.: 2 |
QUOTE (dauss @ Aug 20 2007, 09:54 PM) scanned fico report pic or it didn't happen, at your age i highly doubt your score is over 800 |
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