The credit Repair Thread

[Panther]

That's playing the game wrong. You need to prove to the bank you are reliable. People with 750+ scores are going to have more trust. Having debt is OK if you are smart about it. I have debt but I can wipe it all a way from my savings account if need be. Or by doing Ot.

I get a high line of credit and a high credit score. Anything I want to have within my income is mine with a low interest. Ie Cars/House/personal loan. And a vacation on them with them points

we just have different philosophies on the subject of debt breh... Its cool ima let yall

https://thisiswhyubroke.wordpress.com/whyyoudontneedcredit/

 

[BelowTheMasonDixon]

you know all the brehs on the coli have 805 credit scores and make 210,000 a year...I don't i need this knowledge my shyt is status. Type of shyt I go into the car dealership and they advertise a car lease for 399 a month I walk out having to pay 699 a month type shyt....

I even contemplated bankruptcy but due to work can't or don't want to.

 

[theworldismine13]

we just have different philosophies on the subject of debt breh... Its cool ima let yall

https://thisiswhyubroke.wordpress.com/whyyoudontneedcredit/

you are missing the point, the point isnt to build debt, you should mos def stay away from debt, the point is building up your credit line(s)

building debt and building credit are two different things

building up your credit line gives you freedom and flexibility in both your business life and personal life

 

[HarlemUSA]

we just have different philosophies on the subject of debt breh... Its cool ima let yall

https://thisiswhyubroke.wordpress.com/whyyoudontneedcredit/

$2000 debt is nothing if your CL is $25000+.

 

[DrunkenNovice]

we just have different philosophies on the subject of debt breh... Its cool ima let yall

https://thisiswhyubroke.wordpress.com/whyyoudontneedcredit/

Using credit cards is a risk just like anything else, but like I said before its a matter of being responsible/disciplined with the card. Treat it like cash, and pay it off and you wont fall into the trap of paying interest.

Read around on the site you posted, and the advice is "technically" right but realistically inapplicable.

Ex "How to buy a house without credit" writer is basically saying save money...invest it, and pay cash. Telling a person with a take home pay of 1450, to save and invest $500 a month sounds good, but how can you not believe that someone can have the discipline to treat a CC like cash month to month, but tell them if they want buy a house they need the discipline to live on $950 a month for 7 straight years.

 

[XII]

I don't have credit yet. What's the best way to start?

@Heretic
@LeVraiPapi

 

[Heretic]

I don't have credit yet. What's the best way to start?

@Heretic
@LeVraiPapi

The safest way is either some sort of utility in your name or something with little or no interest, just get something in your name. cable, phone, something like that.

 

[theworldismine13]

I don't have credit yet. What's the best way to start?

@Heretic
@LeVraiPapi

capital one is pretty easy to get, if they dont give you a regular credit card sign up for their secured card

https://findmycard.capitalone.com/en/PageVersions/LandingPages/LP_UNS_QUICK_RWD_V01.aspx

 

[DeuceZ]

Good thread
3 years ago got a car with 16% rate, credit score mid 500s and
1 credit card.
Started rebuilding, paying everything on time, disputed a bunch of shyt on my cr and most of it fell off.
As of today new car rate is 4.5% , opened a few Amex cards, and a chase card.
The only issue is that I got a 2 year old collection for 800. It's actually way older but I'm assuming they re-aged the account when I disputed it. Idk if I should settle and pay for delete or what, but I want it removed . My TU score today is 680 and eqifax 686 according to credit karma

were u able to refi your car breh? my int rate is 18%

 

[ridedolo]

were u able to refi your car breh? my int rate is 18%

I had the option to refi but I ended up gettin something different. Check w a credit Union. How's your score? How long have you had your loan?

 

[LeVraiPapi]

I don't have credit yet. What's the best way to start?

@Heretic
@LeVraiPapi

sign up for a secure credit card that will graduate after a year.Negotiate your terms and make demands breh. I wopuld recommend chase personnally., good luck

 

[DeuceZ]

I had the option to refi but I ended up gettin something different. Check w a credit Union. How's your score? How long have you had your loan?

had loan for like 2 and half years never been late on that bish, score like 704 - 717 depending on the bureau...any credit unions u recommend

 

[ridedolo]

had loan for like 2 and half years never been late on that bish, score like 704 - 717 depending on the bureau...any credit unions u recommend

you should be straight then breh. nah, the only one I know is local. I'm sure your city/town has one though.

 

[theworldismine13]

if anybody is interested in personal loans http://www.thecoli.com/threads/vouch-bringing-social-lending-to-the-borrower-experience.304026/

im using http://upstart.com now but there are a lot of other startup loan companies if anybody is look for debt consolidation or business loans

 

[satam55]

If you owe money and your credit is in the dumper and its been years, don't pay a dime. Even if you pay one cent then the time it will come off your cc report resets.

Example phone bill in collections you owe 2,000. Its been 6 years, after 7 years it will come off your record.

You pay one cent even one cent then it restarts

Get a guaranteed Cc use it and start building up back your credit.

Is this true???!! If it is, I'm about to be good soon & never knew it.

Anybody gotta a link to more info?