10 things that can kill your credit score
You'll need a high score to land the best interest rates on loans and credit cards. Avoiding these common credit pitfalls can help you keep money in your pocket.
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So here's to all you scumbags in the credit bureaus......take your FICO and stick it up your butt.
But, that's just me.
They didn't mention that not using credit will really hurt your score as well. I have not had a credit card for years and the only credit I have had is with my local bank. If I applay for a credit card with a large chain I am always turned down. a couple of years ago I applyed for a loan at a large furnature store when we relocated to a new house and was turned down. We had paid cash for the repo home and were a little short on our cash reserve so thought we would make payments.
the reason... Too ittle credit history. At the bank where I had done business for years I could walk in the door and tell my banker I wanted $10,000 and he would have the check drafted and in my hand in minutes then tell me " come back in a couple of days and we will have the paperworke ready to sign." It always amuses me when a large store chain turns me down for a $500 limit card.....lol They offer you big savings if you apply that day with a purchase. I sometimes will hinge my purchase on acceptance for a card. If the card goes through I buy if it doesn't I walk away without buying anything.
Credit scores are a scam. Just about the time you jump through enough hoops to get approved for something, they change the way it's calculated so that yours goes down. You write all the letters and clean all the lies out (what the bureaus call "errors") and the same stuff just shows up again in a few months. I've removed the same 20 year old tax lien off my Transunion 3 times. I got sick of it years ago. I now maintain a credit score as close to 300 as possible. Identity thieves get laughed at when they try to steal mine.
The only people with good credit are Bill Hicks' "Happy Consumers". Mindless robots that have handed their checkbooks over to their creditors. Every once in a while one of them wakes and realizes how stupid they've been and how badly they've been screwed and turn into spree killers.
George Carlin Is right.
It's called the American Dream because you have to be asleep to believe it.
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