I never thought a credit score could reach this low

[JoelB]

Just cause u got the bread to pay something cash dont mean credit is worthless. nikkas right now are taking advantage of no-doc/low-doc BLOC's and getting 0% cards for 18 months on the business side.

Thats essentially free money to start your own trucking company or whatever side hustle u trying to get into.

Dont believe that "cash is king" lie. I fell for that shyt in my 20s. You never know when a good opportunity might present itself, and you dont want to tie up your own money in a deal. Use other people money.

 

[Red]

Y’all should be embarrassed by how dumb you are real talk

 

[Mike809]

He looks like someone with a credit score that low

 

[drederick tatum]

They don't.

Lenders use aspects of your credit history to determine whether to provide you credit, differing depending on what their business model is. They don't just look at your credit score and go oooh look, 900+ give him what he wants! They want customers who they can generate money from, the approach and method to which is different from company to company.

Defaults, late payments, consistency of the previous relationships you have with financial institutions, utilisation of credit limits, who you've obtained credit from in the past, etc, etc.

If you think your credit score has any bearing on their decisions then you're a fool. It's just an indicator presented to you by the credit reference agencies, which they'll leverage to sell you products or help to improve your score.

And guess what? If all those things you mentioned are positive, and you have a good credit history, you'll have...a higher credit score! It's fukking crazy how that works.

 

[Red]

And guess what? If all those things you mentioned are positive, and you have a good credit history, you'll have...a higher credit score! It's fukking crazy how that works.

You stupid motherfukkers are conflating credit scores, credit histories, and FICO scores. This is why you have a basic and distorted view of how access to credit and risk profiling works.

There are plenty of people who have 'low scores' as determined by the credit reporting agencies of the world (which can all be different scores, from different agencies, but for the same person) yet still get access to lines of credit. Crazy how that works.

But I'll leave you simple people to cook

 

[drederick tatum]

You stupid motherfukkers are conflating credit scores, credit histories, and FICO scores. This is why you have a basic and distorted view of how access to credit and risk profiling works.

There are plenty of people who have 'low scores' as determined by the credit reporting agencies of the world (which can all be different scores, from different agencies, but for the same person) yet still get access to lines of credit. Crazy how that works.

But I'll leave you simple people to cook

You're an idiot. A fico score is a credit score. Your credit score is comprised of your credit history. You aren't even saying anything.

Yes, you can get a line of credit with a lower score. And a person with a higher score can get a higher line of credit. Crazy how that works.

Yes, you are right, I have a basic and distorted view of credit, I only worked in credit management for almost a decade, what do I know?

I'm glad you're leaving, as what you're saying is dangerously stupid and incorrect, and we'll all be better off with you not giving "advice" anymore m

 

[Red]

You're the idiot.

A FICO score is a score generated by one credit reference agency, according to their weighted preferences and score system. There are many.

Your credit score is not comprised of your credit history. Your credit reports are comprised of your credit history. Your credit score is the number the private company assigns to that credit history, according to their internal scoring methods. Other reference agencies will provide a different score.

It's your credit history that is important to lenders. They decide what profile of customer they're looking for. Believe it or not there are companies out there that are actively looking for customers who have a level of difficulty with repayments. Some are looking for spotless, risk-averse lending.

My scores are very low. I obtained 2 additional lines of credit in the last 8 weeks in addition to a 25% increase on another. Crazy how that works. My credit history is the important factor and what marks me as attractive to lenders.

Your score, whoever provides it, is just an indicator.

Glad to hear that you're no longer in credit management.

 

[drederick tatum]

You're the idiot.

A FICO score is a score generated by one credit reference agency, according to their weighted preferences and score system. There are many.

Your credit score is not comprised of your credit history. Your credit reports are comprised of your credit history. Your credit score is the number the private company assigns to that credit history, according to their internal scoring methods. Other reference agencies will provide a different score.

It's your credit history that is important to lenders. They decide what profile of customer they're looking for. Believe it or not there are companies out there that are actively looking for customers who have a level of difficulty with repayments. Some are looking for spotless, risk-averse lending.

My scores are very low. I obtained 2 additional lines of credit in the last 8 weeks in addition to a 25% increase on another. Crazy how that works. My credit history is the important factor and what marks me as attractive to lenders.

Your score, whoever provides it, is just an indicator.

Glad to hear that you're no longer in credit management.

I think an idiot would be the person who can't figure out how to post a direct reply.

A FICO score isn't a credit score? Sure, bud. And your Experian and Equifax scores aren't either.

Yes, subprime lending exists. And the companies who want those people as customers charge them higher interest and fees. Because they have lower credit scores. Do you think that a person with a higher score than you couldn't get the same increases you did, or better?

What you're saying is the equivalent of your ACT and SAT scores not mattering, because what colleges are really looking at is how many questions you answered correctly vs how many you didn't.

If you have a good credit history, your score will be higher. So yes, the score may not be the end all be all, if there are explainable factors, but you saying it doesn't matter is stupid.

I'm glad I chose not to be in that profession anymore either. Just dealing with idiots all day telling me their credit score shouldn't matter, and that I should finance a brand new Lexus for them. Just a bunch of yous. Disgusting.

 

[Red]

You're now in agreement with my original sentiment that credit scores are just an indicator and it's your credit history which is important in decision making. And there's more than one agency that will score you differently.

You lack comprehension skills so I've no interest really in replying further. Other than to say that I have flawless credit history, without a single late payment or default in over 15 years to in excess of 10 credit cards, in addition to many other credit lenders. Not subprime products either. My credit score? In the 200s. Crazy, huh?

And this is a direct reply.

I'm out, peace!

 

[Anerdyblackguy]

Ain’t the minimum 400 or some shyt? The sad part is he has 0.00 in his bank account and a picture of a possible son.

Sad way to live

 

[DeuceZ]

I did something wrong

 

[drederick tatum]

You're now in agreement with my original sentiment that credit scores are just an indicator and it's your credit history which is important in decision making. And there's more than one agency that will score you differently.

You lack comprehension skills so I've no interest really in replying further. Other than to say that I have flawless credit history, without a single late payment or default in over 15 years to in excess of 10 credit cards, in addition to many other credit lenders. Not subprime products either. My credit score? In the 200s. Crazy, huh?

And this is a direct reply.

I'm out, peace!

That was not a direct reply, you abject moron.
You're also a liar, there is no way you have all that, but a 200 score, unless you have like 5 bankruptcies.
Deuces, you lying idiot. Go fukk yourself.

 

[Low End Derrick]

Wasn't this video viral 2-3 months ago?

https://www.thecoli.com/threads/what-do-you-have-to-do-to-get-a-credit-score-like-this.971568/

 

[drederick tatum]

You're now in agreement with my original sentiment that credit scores are just an indicator and it's your credit history which is important in decision making. And there's more than one agency that will score you differently.

You lack comprehension skills so I've no interest really in replying further. Other than to say that I have flawless credit history, without a single late payment or default in over 15 years to in excess of 10 credit cards, in addition to many other credit lenders. Not subprime products either. My credit score? In the 200s. Crazy, huh?

And this is a direct reply.

I'm out, peace!

The lowest possible credit score is 300, full stop. fukking liar

 

[drederick tatum]

The lowest possible credit score is 300, full stop. fukking liar

@Red
Get back in here and address this