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

[invincible1914]

What can you do with the credit score that you can't do with 100K?

Is an 800 credit score really some unobtainable goal? My wife has an 800 credit score... I'm about to go ask here and see what she says... I'll be back

I asked her and she said I already have an 800 score so give me the money.

We’ve known each other for 11 years been married for 7. Her credit score is in the 800s and mine is in the 600s. The only thing she has that I don’t have is a higher car payment each month.

If we had 100k, we would have no car payments.

 

[blockburna420]

Taking the cash all day . I been 800+ I just started to take advantage and when I started using my credit it started dropping still exceptional but it's like " what kinda of game they playing ?"

 

[Wildhundreds]

Not really.

Credit score shows payment responsibility. There's no erasing that you pay your credit card bills late every month, etc. A lot of the shyt these credit repair spots do you can do on your own. Negotiate with the creditors how much you can pay or let them know you'll walk away. They rather get the money.

Let me clarify.

They can fix your credit score so you can ATLEAST qualify for a high interest loan

 

[Marc Spector]

i have a 780, touched 796 once. and let me tell you and its nothing life changing.

Whereas 100k liquid with my 6 fig salary would be life changing

 

[Hoshi_Toshi]

Give me the money.

 

[UncleTomFord15]

My credit score has been near that since I was like 23, that's not impressive . 100k easily.

 

[kwazzy100]

This is very similar to dudes saying they would rather have dinner with Jay Z instead of 500K

 

[T’Challa’s Heir]

That’s what I do. Because I’m not about to sit there juggling all of these statement dates and trying to report 1-3% basically spending just to have something report and than paying it off. I rather just take the 0 balance penalty.

It takes like 30 seconds to log in to an app once a month to pay the entire bill.

 

[Legal]

Having good credit (740), I'd take the $100,000.

Having HAD bad credit, I'd take the $100,000.

Ultimately, giving a good credit score to someone that's still struggling financially isn't going to do shyt for them other than give them an easier way to amass more debt. I'd rather take the money to pay off any debts, stabilize my finances, and build the 800 myself. And as someone else said, having a high credit score isn't always the sole factor in credit decisions, anyway, especially if the income doesn't match the score.

A lot of the shyt these credit repair spots do you can do on your own. Negotiate with the creditors how much you can pay or let them know you'll walk away. They rather get the money.

All facts. If you're lucky (and they're shady enough), MAYBE they might put you on with someone else as an authorized user on their credit card to give you the boost in available credit. But that shyt always sounded sketchy as fukk to me to be handing out that info to someone you'll probably never have real contact with.

 

[NatiboyB]

It takes like 30 seconds to log in to an app once a month to pay the entire bill.

you are talking about paying a bill I’m talking about maintaining the recommended 1-3% of a balance for statement date and than paying it off so it won’t collect interest especially when you have more than 15 different cards and most of them have different dates. It’s tedious

 

[Xyrax]

This is only something someone with poor credit would even see as a valid question man. Our credit is stellar, so the appreciation we would get from investing the 100k is far superior to some points above what we already have.

Hell honestly, now that I think of it, even with poor credit the money could be used to begin improving your credit and more. I can't imagine any scenario except a dire one where the cash isn't the better option.

Fix your fukking credit the right and responsible way, and this question because a choice of 1 versus a choice between two options.

 

[NatiboyB]

Not really.

Credit score shows payment responsibility. There's no erasing that you pay your credit card bills late every month, etc. A lot of the shyt these credit repair spots do you can do on your own. Negotiate with the creditors how much you can pay or let them know you'll walk away. They rather get the money.

Man Breh when I tell you I wanted to purchase a credit repair business until I got to doing more research. So everything from lead producing to the software to the people you have ship off the letters (outsourced) to the data furnishers and reporting agencies everything about the whole business is scammy to me. Like on purpose you would try to float a client a long for as long as possible when you could do everything up front.

but than the clients aren’t much better. If they don’t pay bills like child support and rent what makes me think they are going to pay me.

It took a few weeks hanging around my sister and seeing how they did it and the associated cost and she also sales authorized users it just made me realize I didn’t want anything to do with it. She gets so many hits from her FB group and IG but most clients only last for 2-3 months because of course they stop paying.

That cried repair hustle to me is the year round tax hustle. People lying on federal documents and making fake police reports threatening to sue people on paper when they don’t have a lawyer. I just ain’t got it in me.

 

[TallMan_J]

They never made 100k before

This. These people are essentially saying that they’d take the potential to incur even more debt that they can’t afford over $100K straight cash. Unless you’re a seasoned, established, and successful entrepreneur with a steady business (which the vast majority of society is not), that’s not the wiser decision of the two.


I’d take that $100K, use it to purchase Tesla and Amazon shares (or any good corporation) at their lows, sit on it for ten years and watch it quadruple or more.


A good credit score is only useful for obtaining more debt. I hate debt.

 

[Rekkapryde]

Man Breh when I tell you I wanted to purchase a credit repair business until I got to doing more research. So everything from lead producing to the software to the people you have ship off the letters (outsourced) to the data furnishers and reporting agencies everything about the whole business is scammy to me. Like on purpose you would try to float a client a long for as long as possible when you could do everything up front.

but than the clients aren’t much better. If they don’t pay bills like child support and rent what makes me think they are going to pay me.

It took a few weeks hanging around my sister and seeing how they did it and the associated cost and she also sales authorized users it just made me realize I didn’t want anything to do with it. She gets so many hits from her FB group and IG but most clients only last for 2-3 months because of course they stop paying.

That cried repair hustle to me is the year round tax hustle. People lying on federal documents and making fake police reports threatening to sue people on paper when they don’t have a lawyer. I just ain’t got it in me.

Yeah fam. shyt is lame and pathetic.

And of course they prey on nikkaz

 

[Prodyson]

You always take the cash.

Your credit score is a reflection of your ability to payback what you have borrowed.

If someone gave you a credit score of 800, it isn't going to transform your income. You're going to end up defaulting on your loans and that will be that.

I’ve had an 800 credit score (or 790s) for almost a decade now and it hasn’t done anything significant for me except for when I had to make large purchases (car loan, mortgage). Nobody who’s had an 800 credit score will say they’d take the score over that 100k, even if taking the 100k meant an immediate 100 point drop in their current 800 point credit score.

Give me the money