Brehs with 700+ credit..

[Woodrow]

Well theres a big difference between what u meant and what u posted. Buying something and then paying it off immediately wont work for me, u, or anyother person out there. But glad u didnt mean that.

totally fair.

 

[Motife43]

depends on how you're starting.

if your credit is shyt...

• get a credit card with a pre-paid spending limit and use it to make all your purchases. that'll help improve your credit and with good history, the card will offer you the ability to transition to a normal credit card and reimburse whatever credit you paid to start it.
• pay off your debt. whether you do it in full, or work out settlements, this was the key for me. i spent a good amount of my savings to get my debt cleared, but in the end it was worth it. just make sure when you close your debt that the creditors are sending notification to the company you owed money to, so it's reflected in your credit score.

if you have decent credit...

• stop applying for credit cards and anything else that requires a credit check until your score improves
• use credit cards for everything, and pay them off immediately (i'm talking same day). this keeps your credit usage low and also helps build good payment history.
• if you don't have the money to pay something off immediately, then don't buy it until you do (barring absolute emergencies).
• get rid of unnecessary spending, like monthly car notes. buy a used whip you can afford and pay for it up front so that you only have the insurance note (i drove a junk nissan for 4.5 years). when your credit improves, you can always get rid of the beater and lease something at a better interest rate.

Somebody already corrected you on when to payoff, but I’ll push back on the car note being unnecessary spending. Unfortunately these days, the used car and even beater market is expensive and shyt. 15-20 yrs ago you could spend 5 racks on car from Craigslist and have some reliability. It ain’t like that anymore, there’s barely a significant segment of inexpensive new cars (ex. Versa, Elantra, etc) that were aplenty 15-20 yrs ago smh.

So most people will have to carry a car note, we all know what money pits a shytty car can be

My mantra and goal is always keep more in my bank account than mileage on the car. Both vehicles i own combined have 25K miles. So if I hold true to that, it either means I’m driving something newer with low mileage or an “older” high mileage car that I can afford to own and repair

 

[Bboystyle]

Somebody already corrected you on when to payoff, but I’ll push back on the car note being unnecessary spending. Unfortunately these days, the used car and even beater market is expensive and shyt. 15-20 yrs ago you could spend 5 racks on car from Craigslist and have some reliability. It ain’t like that anymore, there’s barely a significant segment of inexpensive new cars (ex. Versa, Elantra, etc) that were aplenty 15-20 yrs ago smh.

So most people will have to carry a car note, we all know what money pits a shytty car can be

My mantra and goal is always keep more in my bank account than mileage on the car. Both vehicles i own combined have 25K miles. So if I hold true to that, it either means I’m driving something newer with low mileage or an “older” high mileage car that I can afford to own and repair

to add on to this, if u do get a new car, make sure u do your own oil and filter changes to make sure its done correctly and document it while keeping reciepts. Dealerships use amateur mechanics for oil changes and most use the cheapest oil out there. Never listen to what they say about when to change it (aka Toyota who says u can do every 10k miles on their 2025+ Camry's). Remember, Dealerships are there to make money, not to make sure your car runs forever. I literally invested $200 for everything (including car ramps) and did my first oil change at 1k miles (break in period). Plan on doing it every 5k miles using top oil (toyota SAE ow-8, or Mobil 1 ow-8, totaling $70 including drain plug gasket and oil filter) and not worrying about the free oil changes they offer every 10k. By doing this, you pretty much will have a car whose engine will run 200k+ easily. Never trust a dealership or a mechanic u dont know personally. Its better and cheaper to do it yourself....This method is only for those who plan to keep their new car for years and years until it dies. If u one of them folks who wanna upgrade every 5 to 7 years then stick to dealership/auto body oil changes.

 

[Woodrow]

Somebody already corrected you on when to payoff, but I’ll push back on the car note being unnecessary spending. Unfortunately these days, the used car and even beater market is expensive and shyt. 15-20 yrs ago you could spend 5 racks on car from Craigslist and have some reliability. It ain’t like that anymore, there’s barely a significant segment of inexpensive new cars (ex. Versa, Elantra, etc) that were aplenty 15-20 yrs ago smh.

So most people will have to carry a car note, we all know what money pits a shytty car can be

My mantra and goal is always keep more in my bank account than mileage on the car. Both vehicles i own combined have 25K miles. So if I hold true to that, it either means I’m driving something newer with low mileage or an “older” high mileage car that I can afford to own and repair

that's fair as well. when i did it i was able to find a car the was 9 years old with 110k miles on it for $8k. never had any issues with it, but by the time i sold it the engine mount was about to snap and i had to sell it at a discount. it's not an easy path to pursue, but if you can find something reliable i do think it's a prudent way to save money.

 

[Bboystyle]

that's fair as well. when i did it i was able to find a car the was 9 years old with 110k miles on it for $8k. never had any issues with it, but by the time i sold it the engine mount was about to snap and i had to sell it at a discount. it's not an easy path to pursue, but if you can find something reliable i do think it's a prudent way to save money.

what kind of car and year was it. I had a 2002 Honda LX that i rode all the way until 2019. I did all the work on it and it lasted 290k miles and still ran when i sold it to a 3rd party. Best car i ever owned

 

[Woodrow]

what kind of car and year was it. I had a 2002 Honda LX that i rode all the way until 2019. I did all the work on it and it lasted 290k miles and still ran when i sold it to a 3rd party. Best car i ever owned

lol. honda accord. i could still drive that car right now if i wanted to, but i was ready to trade up once my credit improved.