Ironman92;1212237 wrote:Mine was 798 when I bought my last car about 8 months ago.

I've heard it is higher if you have some built up credit card bills but never miss or are late...paying at least minimum.

Ironman92;1212237 wrote: I've heard it is higher if you have some built up credit card bills but never miss or are late...paying at least minimum.

BigAppleBuckeye;1212280 wrote:Glad to see a post about this: my current credit scores for the three bureaus are 746, 766 ... and 686. Not really sure why my Equifax is lower than the other two, and when I called (a few times) to ask, the foreign operator struggled to explain the model for the score.

Anyway, long story short: will this third score of 686 affect my loan in the next 2-3 years (when I plan to buy a home with my wife)? Or am I overthinking this? Thanks in advance ...

Sage;1212287 wrote:lol, "credit" aka "a non-regulated number stored on computers in delware " aka "WHITE PERSON BULL****"

here's a fun thought experiment for americans, why do we need credit? so one day u can "own" a house? who gives a shit? u can't "own" anything. lol at u people and all your credit cards and buying things you don't need. credit is the parasite which has rotted our country since its inception. lol at u people buying things u dont need with money u dont have while people in this world starve. i'd be fucking embarrassed 10x more than i already am.

Fab1b;1212340 wrote:I actually just checked mine for grins while opening a new account with my bank. Now I preface I have had tons of credit in the past, loans, credit cards, you name it. For the past 8 yrs I have operated solely on cash basis, have no further loans or credit cards either during that period. My current score is 0. Now I ask is that bad? I only have 5 bills, rent, insurance, phone, elect, and cable anything I purchase is done cash. I have no need for credit.

Sage;1212351 wrote:fuck a loan, the money changers can keep their money and their hovel of wood and stones. debt is slavery, and cash is king.

jmog;1212300 wrote:So now credit ratings are racist too? Interesting.

BigAppleBuckeye;1212280 wrote:Glad to see a post about this: my current credit scores for the three bureaus are 746, 766 ... and 686. Not really sure why my Equifax is lower than the other two, and when I called (a few times) to ask, the foreign operator struggled to explain the model for the score.

Anyway, long story short: will this third score of 686 affect my loan in the next 2-3 years (when I plan to buy a home with my wife)? Or am I overthinking this? Thanks in advance ...

gut;1212391 wrote:You are entitled to a free report from each agency once a year (freecreditreport.com). Just note you may have to cancel after viewing to avoid fees (you have like 7 days, they make you sign-up to view, but you can cancel at no cost).

Take a look at each one and see if there are any derogatory items to clean-up. You other scores are pretty good, it depends on what one your bank will use. If you have a car financed and can pay that off, it will help. If you have a low remaining balance on student loans and can pay off, that helps your score. Aside from that, try not to apply for any credit anywhere at least 12 months prior to seeking your loan as inquiries and new lines of credit negatively affect you. It's possible the 686 has a bad mark that's an error - it happens.

The other little known (and bizarre) fact is you can actually negatively affect your credit even if you pay your CC's off every month. The dirty trick is they look at average balances, so if you have 1 CC with a $2k limit that you run-up every month it hurts you, even if you always pay the full balance. In that scenario what you need to do is get an increased limit on your CC and potentially get a second card. I believe the "magic" average balance they like to see is something like 25-30% of available credit. So if you run-up $1500 a month on your CC, then you want a combined limit of $5-$6k.

killer_ewok;1212393 wrote:annualcreditreport.com is the site to go to for the free yearly report from each of the 3 big bureaus, not freecreditreport.com.

gut;1212395 wrote:Thanks for the clarification. I edited my post.

jmog;1211964 wrote: If for some reason I have to quickly move out of state for work I will care once again.

gut;1212391 wrote:You are entitled to a free report from each agency once a year (annualcreditreport.com). Just note you may have to cancel after viewing to avoid fees (you have like 7 days, they make you sign-up to view, but you can cancel at no cost).

Take a look at each one and see if there are any derogatory items to clean-up. You other scores are pretty good, it depends on what one your bank will use. If you have a car financed and can pay that off, it will help. If you have a low remaining balance on student loans and can pay off, that helps your score. Aside from that, try not to apply for any credit anywhere at least 12 months prior to seeking your loan as inquiries and new lines of credit negatively affect you. It's possible the 686 has a bad mark that's an error - it happens.

The other little known (and bizarre) fact is you can actually negatively affect your credit even if you pay your CC's off every month. The dirty trick is they look at average balances, so if you have 1 CC with a $2k limit that you run-up every month it hurts you, even if you always pay the full balance. In that scenario what you need to do is get an increased limit on your CC and potentially get a second card. I believe the "magic" average balance they like to see is something like 25-30% of available credit. So if you run-up $1500 a month on your CC, then you want a combined limit of $5-$6k.

Sage;1212344 wrote:where did i say credit ratings are racist, jmog? i just said it's something propogated by THE WHITE MAN, which is an undeniable fact. i doubt most credit card company CEOs are minorities. in fact, i'd be willing to bet most are stodgy, old, white, pasty, stiff-necked, pink penised sons-of-blisters.

here's a fun thought experiment for americans, why do we need credit? so one day u can "own" a house? who gives a ****? u can't "own" anything. lol at u people and all your credit cards and buying things you don't need. credit is the parasite which has rotted our country since its inception. lol at u people buying things u dont need with money u dont have while people in this world starve. i'd be ****ing embarrassed 10x more than i already am.