/biz/ - Business & Finance

>>57183527
Mine is 836. I just always use a credit card and always pay it off. If I ever get told I'm about to die, I'll probably debt max and party but who has time otherwise?

>>57183527
Make an appointment at the bank, they will test your eye color and give you a credit score based on the reading

>>57183527
823. Am white. Always pay bills on time.

>>57183527
this sounds like this is for /x/

kek

>>57183527
>amerilards have a literal social credit system
kek

>>57184762
100% imagine inheriting respect instead of earning it...

>>57183527
>be responsible
this makes my number be the big number

If I have zero credit right now, specifically what do I need to do to get my credit to a point where I qualify for a home loan? Like, how much money do I have to spend, and how long would it take?

>>57183527
currently 736, but mine yo-yos 30 points up and back down every couple of months - i have no more personal debt, my biggest detractors are lack of accounts and credit history, I need to churn more cards honestly

>>57185046
i had zero credit last year. all i did to get 650 was get a secured credit card and paid some of my bills with it for 6 months.

>>57183527
>What's your credit score
No clue
>how did you get it
No clue, I've got a house and quarter mil in Bitcoin though.

>>57183527
790.
I have a few credit cards (Venture X is my main one, and a Costco card, and a few others I don't use) and I auto-pay the statement balance since day one back in college. I've never paid a cent of interest on revolving credit, and never will. That's my only debt stuff other than a modest student loan I paid off a long time ago.
Pretty good way to live, recommended

>>57185249
>I lie to strangers on the internet

Low 800s. Honestly it's just financial luck on my part.

>>57183527
790. Only loan I've ever taken out was to consolidate credit card debt I stupidly let get too high.

710 no debt but i never use my credit cards anymore, probably should though

>>57183527
I have a 550 atm that’s normal though because I’m black.

>>57183527

825

lots of open accounts, student loans, put everything on credit cards, never miss payments

been doin all of the above for like 10 years

>>57184762
It's not social at all. It's only a credit rating for loans and financial things. I think China has a social one. You probably have to do stuff on social media for that. I should get a boost for replying to you, fren. +1

>>57183527
I put my motorcycle insurance on my credit card when I was 18 and - rode the bike into the ground and promptly went homeless after when my family imploded. Defaulted everything. Took me 2 years to pay back the 6k hole I put myself in counting interest payments with cash scrabbling. Took a 9K loan to get a CDL in the vain hope of a career (Canada lol, ain't cheap like America). Didn't get hired for a year. Still not hired. Wasted my money, still paying that loan. 3K credit card debit paying the minimums when I can with more under the table cash work. Dad has tax/loan debts in the 7 to 8 digit range - we are estranged, but I'm passively curious who they get passed to when he dies - my family, or his new family. They've got million dollar debts too. Might be handed a bill for 7-10 million, which is what he owed 5-ish years ago when we last spoke, when he dies.

I've yet to look at my credit score once in my life. I've embraced the spiral.

>>57183573
Sorry, that's not how this works. You can't build credit or maintain a score above 600 without paying interest to someone. Your score is a rating of how mutually beneficial your borrowing is. If you don't utilize your available credit then they will never increase your limit and they will never increase your score. Let's say you have a $2000 limit on your card. You repeatedly max it out and pay it off 4x over the course of a month. Do you think your credit utilization is 400%? No. It's 0%, so you aren't building your credit. You are creating a transaction history, and they can sell that information to advertisers but you will create no credit history doing this. Paying interest is a prerequisite. High limit cards are obviously not an ideal way to build or maintain your credit score. Low limit cards are a gateway into credit building and high limit cards are only good for balance transfers (debt consolidation) to rehabilitate your credit. After you establish that you can pay the interest reliably (utilize your credit) and this is a mutual benefit to the lender, then you graduate to loans. Loans are the best way to access $6K or more because the interest rate is less than half of a credit card. Sure, you can get 0% credit cards for a limited time but these should be considered life support. You want to keep your interest payments as low as possible while keeping your utilization above 40%.

People will tell you they have a score above 600 and all they do is use a card and pay off the balance every month to avoid interest. These people are always omitting some installment loan that is propping their score up. It's best to use the card (yes, I mean pay interest) until you can get an installment loan from a bank. Then you can get into the 700s. 800+ is for people who have a mortgage or $60K+ auto loan (again, paying interest is required).

>>57187587
>You can't build credit or maintain a score above 600 without paying interest to someone.
I stopped reading your financially illiterate post here. I have a credit score of 833 and I do the same thing that anon does - I run all my transactions through that card and pay it off in full before the balance is due.

Pic related is my score. You are poor, do not reply to me again unless your post is one sentence long or shorter. I will not read it otherwise since you've demonstrated you're a moron.

>>57184762

its more like good goy points

0

>>57183527
I have no credit score, I'm not interested in a credit score, and I never will, my only interest is building my off grid farm and imitate what I already do on Blocklords KEK

>>57187080
>sorry sir, your credit score is too low, I'm not going to let you rent this apartment
>sorry sir, your credit score is too low, I'm not going to let you have a phone plan
>sorry sir, your credit score is too low, I'm not going to book you a hotel room without a credit card
>sorry sir, your credit score is too low, I'm not letting you book a flight without a credit card

>>57183527
I have over a million dollars but my score is like 585, the reason why is because I never use credit (why would I)

This is likely a UK thing, since most cashbacks are (were not so common now) done though current accounts & *switch* offers not credit cards.

Its pointless anyway, the only score I care about is the one given to my LLC.

>>57183527
You can see just how many normies have infiltrated these boards by posting their goy score.

780-797 depending where I look

>>57187587
I have a perfect credit score, I'm 33, I don't have an auto loan or a mortgage. I have a line of credit at my bank too.

My credit score is 816. I have a perfect payment history, a mortgage, auto loan, and literally 35+ active credit cards.

>>57188457
Why are you like this? You won't make that happen you should definitely quit that dream lmao

>>57186734
Niggers never have that much, you're a liar

>>57188457
Then you can't be possibly alive since that's the only thing that could make you eligible for most things financially speaking

>>57188457
Kek, have a (You)

>>57188488
>why would I

To protect yourself from shitty merchants/fraud, get rewards, use leverage etc

>>57188553
how do I get a limit that high?

>>57188647
Apply for new credit cards often and request credit limit increases on the ones that you already have. American Express has been the most generous. I have one card with a $60k limit.

>>57184779
NPC

>>57183527
I’m confused with the colors here I can’t tell anymore

724. Secured card and Chime Credit Builder. Low usage %.

825, oldest card is like 7yrs old. Just use and pay off my cards and student loan on time.

>>57187587

That's absolute horseshit lol. My score is 800 plus or minus a few points and only active debt accounts I have is credit cards which I pay in full during the grace period. Only installment loan I've ever had was for a very small mortgage that I paid off in like 3 years. Was never stupid enough to take out student loans, an auto loan, personal loan, etc.

Look at how it's actually calculated, there's nothing about a decent credit score that requires you to pay interest, although having some installment loans and not just CCs probably does raise it to some degree. But to have excellent good goy score you just need to have at least a few cards with high limits, then keep the total utilization low and never miss a payment.

>>57183527
I’ve been stuck at 807 for months.

987

scores mean shit all over here though

>>57183527
Was in the 800's (top 5% according to credit report at the time) until I got sick and lost everything. Yay capitalisms. Remember folks, you're only one sickness, illness or accident away from losing your ass.