I didn’t realize so many people would really take an 800 credit score over $100,000

[Red11]

To maintain that 800 means you have to maintain debt, maybe not a lot, but it requires it. I noticed when I hit 800+ that shyt would drop 10 to 20 points I paid off my cc in full every month. Im debt free but use cc for the benefits. I make over 100k as well.... Give me the money. You'll be fine with just a 730 score.... Hell even a 700 is nice.

Exactly...What theoretically are people doing with this excellent credit? 800 credit score doesn't mean you can borrow 100k on a personal loan, doesn't mean you get access to free money. If you have a good business idea it doesn't take personal credit of 800 to get some special business loan. Alas, if you have a good business idea you don't need the loan.

A license to borrow money. Who cares?

800 credit score does not allow you super powers.

A prime APR while great is not worth 100k!

 

[reserved_one]

I’m taking the money

 

[BrothaZay]

Easier to get an 800 credit score than it is to stack 100k, or even 50k, especially with the kind of job im assuming these idiots have

 

[Red11]

Easier to get an 800 credit score than it is to stack 100k, or even 50k, especially with the kind of job im assuming these idiots have

Yeah...because all you need is time not HIGH income.
They know it goes up with time on accounts and paying bills on time and so it seems attainable.

 

[KING WILL]

Im taking the $100K for sure.

Its probably ways to leverage a 800 credit score into something greater than $100K, but im not sure most folks thats saying the 800 credit score is the superior choice have the knowledge to do so.

 

[horizon]

Idiots

 

[iBrowse]

To maintain that 800 means you have to maintain debt, maybe not a lot, but it requires it. I noticed when I hit 800+ that shyt would drop 10 to 20 points I paid off my cc in full every month. Im debt free but use cc for the benefits. I make over 100k as well.... Give me the money. You'll be fine with just a 730 score.... Hell even a 700 is nice.

This

 

[Absolut da poet ®]

I'm black the credit score means nothing cause they won't care about that

Give me the cash cause I can grow that and cash doesn't require approval

 

[Menna]

Take the 100K Buy all cash an investment condo get it rented for $750 a month and then go to the bank get a reverse mortgage and take out 80K from the condo...Now you have a 100K asset paying you $750 a month, write offs for your taxes and 20K in equity in the home and 80K cash in your hand from the reverse mortgage...Give the guy who offered you the 800 Cred or 100k the 80K and say ill give you back 80k out of your hundred for a 775 credit score

 

[NatiboyB]

Exactly...What theoretically are people doing with this excellent credit? 800 credit score doesn't mean you can borrow 100k on a personal loan, doesn't mean you get access to free money. If you have a good business idea it doesn't take personal credit of 800 to get some special business loan. Alas, if you have a good business idea you don't need the loan.

A license to borrow money. Who cares?

800 credit score does not allow you super powers.

A prime APR while great is not worth 100k!

but it’s far easier to secure a small amount of funding yourself

 

[B86]

To maintain that 800 means you have to maintain debt, maybe not a lot, but it requires it. I noticed when I hit 800+ that shyt would drop 10 to 20 points I paid off my cc in full every month. Im debt free but use cc for the benefits. I make over 100k as well.... Give me the money. You'll be fine with just a 730 score.... Hell even a 700 is nice.

The issue is you’re paying off your card every month. One of the most well known rules about any credit card is to never pay it off in full. All it takes is buying gas with it to have $20 balance on there…

 

[Red11]

but it’s far easier to secure a small amount of funding yourself

Save and buy it then...Lets say 15k...Folks can't save 15k?!

 

[shagnificent belafonte]

Cash is king and will get you things...im taking 100,000 and flipping it...the 800 credit score soon come

 

[T’Challa’s Heir]

The issue is you’re paying off your card every month. One of the most well known rules about any credit card is to never pay it off in full. All it takes is buying gas with it to have $20 balance on there…

This isn’t true. I’ve been sitting at 800+ for 4+ years and pay my statement in full every month. The card reports a balance to the credit bureau once a month, usually in the middle. If you’re paying off your card every 30 days the card is still reporting that balance within that time period and you’re not paying interest.

 

[8WON6]

A lot people could take the $100k, pay off all their debt get the credit score up and still have cash left over. Most people i know with credit that high all they do with it is constantly post on Facebook about how high their credit score is.