Paying bills

Post by **Freakaloin** » Sun Oct 02, 2005 1:16 pm

once i went to the drive thru at the bank and deposited $85,000...u should seen the look on the tellers face....

Post by **plained** » Sun Oct 02, 2005 1:28 pm

i guess you didnt look ligit to that teller

Post by **Freakaloin** » Sun Oct 02, 2005 1:33 pm

well my hair wuz down to my butt and i had a raging hangover...

Post by **busetibi** » Sun Oct 02, 2005 1:50 pm

losers use credit cards.
if you cant pay cash,
then fuck off.
must suck to be poor

Post by **plained** » Sun Oct 02, 2005 1:53 pm

hehe yea :lol:

Post by **Freakaloin** » Sun Oct 02, 2005 1:54 pm

wow...better tell my millionaire sister and her husband to stop using their credit cards all the time...moron...

Post by **busetibi** » Sun Oct 02, 2005 2:04 pm

debit card,not credit, idiot,

Post by **plained** » Sun Oct 02, 2005 2:05 pm

my best card gives me 2% back and it really adds up yo

ive not come across a better perk,

yet hehe

i use only cards for like 15 years

Post by **Freakaloin** » Sun Oct 02, 2005 2:08 pm

busetibi wrote:debit card,not credit, idiot,

moron...their credit card is also a debit card...duh...u from africa or something?

Post by **plained** » Sun Oct 02, 2005 2:10 pm

why bother lol

Post by **R00k** » Sun Oct 02, 2005 2:50 pm

Nightshade wrote:
R00k wrote:
Grandpa Stu wrote:i don't know where it's like elsewhere, but here in the U.S. you almost have to have a credit card when it comes to making larger purchases such as a house.

if you have no previous history of credit then good luck getting a good rate on your new home or even getting a loan for that matter.
That's true for cars and cellphones, but those are the only quote-unquote "necessities" that are like that.

Home loans do not require that kind of credit. The house isn't going anywhere, and if you wind up not being able to pay it, then the bank can just take it back and sell it to someone else, and keep the money they've gotten off of you.

If you're a first-time buyer, you even get incentives. And once you buy a house, you have great credit, so as long as your debt-to-income ratio isn't bad, you can finance just about anything you need.

No credit history is still a hit to your credit score, as stupid as that is. Just because you're an unknown risk to a bank doesn't mean you're a bad risk. But, not having any history of responsibility with credit will reduce your chances of getting a home loan or getting a good rate. I'd say that debt-to-income ratio is definitely more important, but credit history is a big factor.
I personally don't care if I have to get loans for every cent of my education, it's a damn good investment. Unfortunately, my savings isn't what it should be, due to the fact that my wife and I are both in school. I also don't exercise as much restraint with smaller purchases as I should, but I'm getting better.
My wife and I went through credit hell for several years, and it was WAY too easy to get into. All beacuse we got stupid during my first year in the Marines. Since paying off all those department store credit cards( goddamn that felt good), we haven't financed shit. I've gotten really good deals on my Jeep and my Beetle, I bought them from my grandparents for no interest and cheap payments. I did take out a small loan for the bike, but that will be paid off shortly, and it will be a couple years before I get a new truck.
If I stay in NC for any length of time, we plan on taking out a home improvement loan to redo the deck, some landscaping, and put in a hot tub.

A deck and landscaping I would probably just save up for and do myself - just because I've got experience and know how to do them - but I would have to pay somebody to put in a hot tub.

Another thing I never do myself, as a rule - plumbing. Dirty nasty shit, I'd rather pay money to have someone else do it.

Post by **shadd_** » Sun Oct 02, 2005 3:07 pm

i never touch the plumbing either. it's just not worth it hehe.

Post by **plained** » Sun Oct 02, 2005 3:11 pm

throweing in new lines in no probs

Post by **losCHUNK** » Sun Oct 02, 2005 3:17 pm

Grandpa Stu wrote:i don't know where it's like elsewhere, but here in the U.S. you almost have to have a credit card when it comes to making larger purchases such as a house.

if you have no previous history of credit then good luck getting a good rate on your new home or even getting a loan for that matter.

same here but my mate thinks along the same lines as me

so he went for a mortgage and they said "sorry you have no credit history"

so he went round a load of stores (like topman and burtons) signing up on store credit cards (not credit cards, store credit:) )

so he went back and they said no prob

Post by **Scarface** » Mon Oct 03, 2005 10:30 pm

My use of a credit card is just to build my credit rating to qualify for a decent morgage. I buy stuff with my credit card, go home and pay for it instantly on-line. But then an emergancey came up ( car repairs ) and now i'm paying it off, and have less then $1000 owing on it. After that all i have is my car loan.

And now, I have tons of money and a great credit rating and i'm only 21. I'll be owning my own house without a co-signer in 2 years, bassically once i'm a third year industrial electrician.

It's great to be me

Post by **R00k** » Mon Oct 03, 2005 11:00 pm

Good job man, a lot of people don't have that kind of financial discipline. I didn't when I was that age.

Post by **plained** » Mon Oct 03, 2005 11:50 pm

gj men

ey scarface i read that you carried a balence on a mastercard, while carrying a balence isnt suggested, i'm realistic so i suggest to you to move sideways to a visa card because you will still build a rep, but with visa it'll cost less interest.

jus sayin

Post by **Scarface** » Tue Oct 04, 2005 12:41 am

It was fucking tough, and the bastards keep increasing my limit, even after i told them to keep it capped.

And this is true, Visa>Mastercard, i'll be making the switch once i pay the bloodsuckers off.

I'm still learning purchasing restraint/making smart purchases, and it feels good when you can. But I have 2 costly hobbies, gaming and cars, which I manage not to dip into the credit card for :icon14:

Post by **shadd_** » Tue Oct 04, 2005 1:13 am

i get auto increases on my cards every year. 12 months of on time payments usually qualifies you.

i have 2 mastercards(both 18% or so) i don't use. i keep one in my truck all the time in case i blow a tranny or something retardedly expensive.

mostly i just use my debit card but i'll splurge once in awhile with my 9.9%visa if i see/want something not planned.

Post by **plained** » Tue Oct 04, 2005 1:17 am

ey doen feel bad my first card was a masretcard 19% noone else would even punch me in the face so i was happy.

Post by **bitWISE** » Tue Oct 04, 2005 1:49 am

Charging then instantly paying off a card does not give you excellent credit. It wont give you bad credit but if a lender can't make money off of you they wont give you the highest marks. Three lines of revolving credit, no balances over 50%, and monthly payments slightly over the minimum will give you the best credit.

Excellent versus good credit can make thousands of dollars of difference in high dollar car/home loans. I cosigned with my grandfather for my Eclipse and it saved me 5% interest versus using my own rating of 670.

Post by **plained** » Tue Oct 04, 2005 1:51 am

your infos still worth yo

Post by **Scarface** » Tue Oct 04, 2005 2:20 am

bitWISE wrote: I cosigned with my grandfather for my Eclipse and it saved me 5% interest versus using my own rating of 670.

Well, with my method, I gained a Credit rating of 780. And i'm only 21, this is of 3 years of doing what I'm doing, seems to be working

Post by **[FTF]Pyro** » Tue Oct 04, 2005 2:22 am

credit isnt really a big issue unless youre poor.

Post by **plained** » Tue Oct 04, 2005 2:26 am

grow or die jr