On some real sh!t muthafukk a credit score...

Trajan

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..Cause when you got the cake, what you need the credit for?
I'm usually in the cut like nip/tuck
Or that tangerine coupe getting lip-sucked


Taking financial advice from rappers :win:
 

Sandy_Cheeks

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..Cause when you got the cake, what you need the credit for?I'm usually in the cut like nip/tuck
Or that tangerine coupe getting lip-sucked


Taking financial advice from rappers :win:


Fool, even rich folk need credit. :childplease:

You need credit regardless of how much money you have unless you choose to pay cash for everything which isn't wise.
 

Sandy_Cheeks

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Credit is of the utmost importance unless you can buy a car/house cash.

Even still, property is an investment in which the value on it goes up (usually). you will make more if you borrow from the bank. If you pay cash for a home and the market tanks, you just lost money.
 

25YOUTHS!!

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Even still, property is an investment in which the value on it goes up (usually). you will make more if you borrow from the bank. If you pay cash for a home and the market tanks, you just lost money.
This makes no sense. Even if the market tanks you still have to pay back the bank for the amount borrowed PLUS interest. That's why you have people owing more to the bank than their house is worth.
 

ORDER_66

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..Cause when you got the cake, what you need the credit for?
I'm usually in the cut like nip/tuck
Or that tangerine coupe getting lip-sucked


Taking financial advice from rappers :win:


Hmmm buying a car for one. i didnt have the cash went to get a loan. She looked at me like you have no tangible credit. I was like yeah i never use credit cards. WTF. So anyways she was like you need to build credit. Good credit, especially if you want to get things here Cars, houses. So she was able to oull some strings and I got up to 10k and started from there as I made the payments on time my credit shot up and got better. Now i have a second car im almost done with the payments on and my credit is looking good 6-7's across the board.

Beware the crddit cards tho, it's easy to fall into debt with those fukkers.
 

WheresWallace

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Even still, property is an investment in which the value on it goes up (usually). you will make more if you borrow from the bank. If you pay cash for a home and the market tanks, you just lost money.
You loose if you have a mortgage or if you pay cash because you have to pay the money back.

You can honestly live your life without credit if you lived off the land...which is not as difficult as people think. I you grew your own food (which many people are beginning to do) and you build your property on land that you own out right then what do you need credit for?

I never had a car note the only thing I need credit for is a house. Unless I save...buy land and build on it. When you borrow money you have to pay the money back in addition to all those fees and the accrued interest.
 

Erdos

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It's called leverage breh look it up.

If the interest rate at the bank is less than what you can invest for then it makes sense to borrow even if you have the cash
This makes no sense. Even if the market tanks you still have to pay back the bank for the amount borrowed PLUS interest. That's why you have people owing more to the bank than their house is worth.
 
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