$20,000 vs 800 credit score debate resurfaces on social media

[CrimsonTider]

Supper with Shawn Carter

 

[beenz]

I mean this isn't desciptive enough.

say I take the 20K, do I still get a 750 credit score still? cuz that's more than enough.

 

[richaveli83]

20k.

 

[Vandelay]

Unless your credit score is toilet water, take the $20k. And in some cases, even if your credit score is toilet water, you can probably use the $20k to raise your score at least 100 points.

 

[BigMoneyGrip]

800 credit score is worth more than 20k cash.. with 800 credit score you have access to credit more than 20k

 

[Biblical Goon]

You know your credit good when they send you offers in the mail every single fukking day. I’ll take that 20k

 

[xXOGLEGENDXx]

Even with average to below average credit I would take the money. Outside of the coli, of course, $20K is life changing money for most of the country.

 

[WetinBeDat]

take the 20k, toss it into an etf, use the 8-10% return to pay off your debt

 

[pete clemenza]

Give me the cash. So many people have fukked up credit now that I don’t think it matters as much as it used to.

Especially if you're not going to be buying a house, car, or take out any type of loan anytime soon. You always take the cash period

 

[kovi]

I have that credit score and I'd still take the money. Anyone who wouldn't is dumb or already ballin'.

 

[Mr. Manhattan]

i got alot more than 20bands and my credit score is 720

 

[MJ Truth]

My credit isn’t good so it would likely take me more than 20 racks (plus the time commitment) to get to 800 so I’d just take the credit.

 

[CBalla]

20k in lcid options yesterday gets you roughly 180k in profit before taxes

 

[WesCrook]

I mean this isn't desciptive enough.

say I take the 20K, do I still get a 750 credit score still? cuz that's more than enough.

Right. Too many variables to consider.

 

[invincible1914]

At least they brought the money down to something where you can at least think about it…

If you are dead serious bout getting into a home right now take the 800, everybody else should take the money.