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| Tweet Topic Started: Mar 2 2012, 09:05 PM (2,724 Views) | |
| HelterSkelter | Mar 4 2012, 07:42 PM Post #46 |
#1 Pizza Driver
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awww snapp! |
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| Cobb | Mar 4 2012, 09:19 PM Post #47 |
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BANNED
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Effective immediately!!!! 
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| Cobb | Mar 4 2012, 09:21 PM Post #48 |
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BANNED
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We know your checks are good, we just do not trust your bank. 
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| Horn | Mar 4 2012, 09:36 PM Post #49 |
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Lol....that is not good. Speakung of cosigning.....dont do it. Unless you want pay for something u dont get and often times hurt your credit too |
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| econoboxer | Mar 4 2012, 11:19 PM Post #50 |
I am the one on the left.
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I don't really know what my credit score is, anymore. I used to track it diligently. Since switching to a cash-flow basis, I am not concerned about my overall score. 1. I will never buy a car I can't pay cash for. 2. I will never need to refinance my home. 3. I always pay my bills on time. 4. I can't remember..., but I am sure it has to do with kids and college. ugh. 5. Dave Ramsey total money makeover helped to put me firmly in control of my wallet. Cash is KING The last time I checked my credit score, it was pushing 800. I assume since I haven't changed much, that its still in that range. |
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| starscream5000 | Mar 7 2012, 08:13 PM Post #51 |
Got 70 MPG?
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Just wanted to make a correction on my scores. I just got the credit report from my home purchase yesterday. Experian - 741 TransUnion - 760 Equifax - 768 The middle credit score is what's used when it comes to home loans. Anything above 740 is considered top tier by the banks. |
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| Horn | Mar 7 2012, 09:18 PM Post #52 |
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Do you mean they use TransUnion..... Or they use the middle score in general? Makes sense they would use the middle score. But you are right starscream. I can get any cc I want to. As for a loan It should be easy for me, but I don't want one. I don't have a need for one. And on top of that I am not a fan of contracts. HA! I use my CC for cash back. My Chase Freedom has $88 worth of credit on it. I am going to use it on this next bill I think. I would like to get a different one that has 3% - 5% always on gas. (and something with a good percent on groceries). I knew of a few good ones, but really just haven't felt like messing with it. I don't use the card because I need credit. I use the card to build up my credit. The main reason I got a CC is because when I was younger, I wanted to buy a Dakota from a dealer. I think it was around $4k and I was going to put down $2k. I had been working at walmart tle for a year at that time, so I thought it would be easy. Hell no. They said I had no credit and I needed a co-signer. I asked how to build credit and they said start with a cc. Looking back, I am glad i wasn't excepted for that truck. I don't know what I was thinking. lol Edited by Horn, Mar 7 2012, 09:22 PM.
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| starscream5000 | Mar 7 2012, 09:31 PM Post #53 |
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Got 70 MPG?
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The high and low scores are tossed out. Whichever one is in the middle is what's used. If you don't need or want loans, then why are you worried about getting revolving debt to increase your FICOs? |
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| starscream5000 | Mar 7 2012, 09:45 PM Post #54 |
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Got 70 MPG?
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On another note, i ended up going the route of a special type of loan on my first home. It's called the 95% LPMI convential mortgage by the bank, or a piggyback buster loan. Basically it's a 5% downpayment FHLMC mortgage that has no monthly private mortgage insurance. It usually takes a 20% downpayment to skip out on the PMI, but my bank is one of very few that offers this special little gem. The catch to this is that I got a little bit of a higher interest rate as a sacrifice. I locked in to a 4.5% fixed 30 year rate whereas 20% down would have got me 4.25%. Not too big of a deal to me considering that the loan is only for $133K and I'll be making rather large principles curtailments to it anyway. |
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| Horn | Mar 7 2012, 09:46 PM Post #55 |
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1. Just in-case I ever do get a loan 2. Also certain jobs where you need a security clearance can deny you if you have a low score. 3. Im a finance major. (Really if you ever went to a financial advisor and you are asking advice, then you say "whats your score?" and he says "Uh, er, 568." would that make you feel safe) 4. Save me money in the future. 5. It motivates to me to stay good on my finances. |
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| Horn | Mar 7 2012, 09:50 PM Post #56 |
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wow only 5% down that is nuts. Pay that biotch off ASAP. Doesn't take much to have it payed off in 15 years. plus your first payments only cut into the interest anyway. |
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| starscream5000 | Mar 7 2012, 09:53 PM Post #57 |
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Got 70 MPG?
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I know, that's why I'm putting PCa into the loan as often as I can. |
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| Horn | Mar 7 2012, 09:57 PM Post #58 |
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Starscream I'm trying to figure if I did this right on my calculator, are your payments SUPPOSE to be around $674 per month? If you pay around 1017 it should be paid off in around 15 years!!!! Edited by Horn, Mar 7 2012, 10:04 PM.
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| aaronvincent | Mar 7 2012, 10:21 PM Post #59 |
Mr Mojo Risin'
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I could care less, I use cash 99% of the time anyway. |
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| starscream5000 | Mar 7 2012, 10:31 PM Post #60 |
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Got 70 MPG?
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Rounding up to the nearest dollar, that would be correct for the principle and interest. My game plan is to keep $5K in savings at all times and anything extra would go to principle. This works out to be anywhere from $1K-$2K per month to the principle on my loan with how busy work is right now... |
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