/biz/ - Business & Finance

>>18275190

bump for interest

>>18275190
You paid off to quick. Be a good boy and pay extra interest

>>18276488
this. it measures how valuable of a slave you are.

>>18275190
americans arent allowed to live without giving their monthly tithe to israel

>>18275190
Yea, I've been getting the same thing. Making extra payments on my car, student loans, and CC debt, and my score is still dropping. You have to be a good goy, and pay the extra interest or the kikes won't let you buy a house.

>>18275190
I just opened a credit card with Amazon a few days ago and it pumped my score 30 points

I thought it would lower it lol not that I really care I'm not getting a mortgage anytime soon or something. You guys should get that card btw it gives 5% cash back on Amazon purchases. Wish I knew about it sooner. I'll just use it for when I buy stuff on Amazon

>>18275190

A good american is an american with D E B T.

>>18276676
Remember 2008. Credit score literally does not matter any more, we're back in that reality. Everyone has shit credit in one month.

>>18276488
I think this is actually true. I remember some "finance guy" explaining some stuff to us like this when I was in high school and saying how actually not paying off your credit card completely was somehow good for your credit score. Didn't make any sense to me at the time, but NOW I get it.

>>18276714
Because jews thats why

>>18276702
>You guys should get that card btw it gives 5% cash back on Amazon purchases. Wish I knew about it sooner. I'll just use it for when I buy stuff on Amazon


t. Jeff Bezos

That 5% only matters if you buy shit off Amazon all the fucking time. It's literally a trick to get you to spend more money.

>>18276743
"Free money" is free money, man. I'm not a woman who's gonna let it mindgame me into buying more shoes or some shit.

>>18276702
>Dave ramsey enters chat

>>18275190
average age of accounts went down after you paid off the auto loan. paying off your credit cards should have no negative effects on your credit score

>>18276766
lol well I'm just saying, the reality is all of us here buy a lot of the shit we buy through Amazon, so we might as well get an extra 3% cash back (over the typical 2% cash back most cards offer). It doesn't have an annual fee so it's not like it costs anything

and yes I realize how much of a shill I sound like right now, I can't help it

and also yes I realize that the cash back is indeed a trick to get people to spend more money on Amazon, and it probably works on a lot of people, especially spendthrift femoids. So just don't do that, and you're good

>>18276763
It's not free. If you want save money just stop buying shit off Amazon. Get a regular cashback card from a bank and just use it for gas, food, and bills. I haven't bought anything from Amazon since my textbooks a year ago.

You're only deluding yourself if you think you're saving money.

>>18276792
>the reality is all of us here buy a lot of the shit we buy through Amazon,


STOP BUYING SHIT. IT'S THAT EASY TO SAVE MONEY. ONLY BUY THINGS THAT MAKE YOU MONEY OR SUSTAIN LIFE.

>>18276829
>I DON'T BUY ANYTHING OTHER THAN THE ABSOLUTE BARE NECESSITIES

c...cool anon...

Also apparently having a mortgage raises your credit score. Yeah nothing says "I can pay up" like having $300k+ in debt accruing interest. Apparently opening a bunch of credit cards and rotating through them like a deck of cards is how autistic people max out the credit score. This is such a broken system designed to reward cash cows. It's like one of those chinese mobile games with a VIP system.

>>18276900
it's almost entirely cc utilization. Getting a mortgage but your score is setting you up with a shit rate? Literally open a $5000 cc, and cut it in half when you get it. Just like that, score go up. It's so stupid.

>>18275190
FICA is a measurement of how much you love debt. Did you close the card accounts? This will cause the score to go down since you have less credit available now.

>>18276944
Apparently a lot of CC companies close your accounts if they're not utilized. Just more Jewish black magic.

>>18276676
>>18276714
The loan banks sell your loans to the investment banks based on what the value of your loan is if you only make the minimum repayments. When you pay your loan faster the value of the asset the bank is trading goes down.
The entire banking system is built around people being irresponsible with their money but just not TOO irresponsible.

>>18275190
FICA score = good goy points

Why do Americans love debt so much?

>>18276743
People who refuse to buy from amazon on principle are usually poor and bitter. Not memeing, I’m pretty sure you’re actually that guy.

>>18276944
>Literally open a $5000 cc, and cut it in half when you get it. Just like that, score go up. It's so stupid.

You need to use the card to increase your score. Supposedly using 1-10% of your credit limit each months is optimal.

>>18277410
Our entire system from social security to national security runs on debt. Student loans ensure were all underwater from the moment we hit adulthood and medical debt grinds you into the dirt for good if you don't want to play insurances companies games

>>18275190
>Take out 10k loan for nice car
>Dodge the repo man for over a year until my tags expire
>Credit score goes down 200 points
>Abandon it in some random lot
>Eventually the retards repo it
>Gets removed from my record
>Score bounces back 200 points
Why do you idiots play into this retarded fraudulent system

>>18277476
That's right, I left that part out. You need to put like 50 bucks on it and pay off minimums forever. Just set an account to autopay it. My buddy it a mortgage loan officer, and he told me all of these stupid tricks years ago. It's only cc utilization. Dumbest, most meaningless score ever.

>>18275190
You aren’t paying interest goy. Bad!

Only poor fags call it debt. Big boys call it leverage and if you aren’t retarded it will make you a millionaire ez clap.

>>18276829
>bought textbooks
kill yourself zoomer
>inb4 "im in grad school!!!!!!!!" kek

>>18275190
I've literally paid off credit cards and mortgage on time for 10 years and close 800 credit score, also what the fuck are you crying about 3 points for? Literal nothingburger faggot

>>18276488
Well shit I have literally never paid any interest on anything before.

>>18275190
>to get rid of debts is a shame, you've to love your debts goy

>>18277758
Well you're not helping grow the economy at all now, are you?

>>18277844
>implying I'm going to give the bank free money
Honestly I really need to get into the loan business. Money for nothing.

>>18276488

>>18277453
>if you waste money on funko-pops and Ipads you're poor
No, I just don't frivolously spend money.

>>18275190
You're supposed to run a 29% credit how else are they supposed to make money off you, ya regular person.

>>18275190
Regarding credit cards, just wait until what happens next. It's going to be brutal.

>>18277576
I'm a millennial 24 yo. Worked my entire way through college and currently employed at the company I worked for in my senior year. Go fuck yourself.

wait so does that mean my credit score is good after paying off a 107$ overdraft on my bank account thats a year old

>>18277376
How anyone on earth thought this shit system could be sustainable long term?

>>18275190
did you cancel the credit cards? total open lines raises your score

lmao cope burger

>>18276488
paying interest does not increase credit score it just takes time. Took me 6 years to finally get into the 800s
Keep your oldest cards open, No derogatory, no missed payments, small utilization, 0-3 inquiries, and age of credit

>>18276763
>I'm not a woman who's gonna let it mindgame me into buying more shoes or some shit
Says the guy getting mindgamed into buying shit more frequently from amazon because of muh 5%

>>18279249
Thank Alexander Hamilton that dumb faggot

>>18277518
>dodge repo man for a year
Yea that sounds easy for a NEET

>>18276488
but i'm (((interest free))) for 14 months
what do

>>18277410
Because America is basically an open air prison at this point

>>18276842
>only buy things that make you money or sustain life
this is depressing to read, but its pretty true, up to a point
if you get to the point that you can comfortably manage assets to cover your costs of living, then you can fuck around with other things, but until then it really is
only spend money needed to live, and invest the rest

>>18277410
A certain God's chosen people make us.

>>18277731
Do you happen to be a member of the tribe?

>>18279223
Sustainability clearly hasn't been the interest. "Just making it" and "survival" mentality has been very prevalent for years now to my understanding. Talk to some bank head honchos, see what they think of their depositors.

>>18275190
>what in the fuck is this jewish bullshit?
Q: what in the fuck is this?
A: jewish bullshit.

>>18276743

I actually do buy a lot from amazon, solely because I only own a motorcycle so it is very convenient with one day shipping.