SheepKilla 473 Posted September 7, 2020 Author Share Posted September 7, 2020 8 minutes ago, Saucer said: We're doing Credit Score Wars now? LMAO Quote Link to post Share on other sites
lynux3 2,052 Posted September 7, 2020 Share Posted September 7, 2020 834 Quote Link to post Share on other sites
Tears of the Cows 1,206 Posted September 7, 2020 Share Posted September 7, 2020 The real question is what’s your credit limit? Quote Link to post Share on other sites
Cooke 2,026 Posted September 7, 2020 Share Posted September 7, 2020 1 minute ago, ghostz life matters said: The real question is what’s your credit limit? 30k Quote Link to post Share on other sites
kaz 2,439 Posted September 7, 2020 Share Posted September 7, 2020 im rich, i don't care about such frivolous matters Quote Link to post Share on other sites
SheepKilla 473 Posted September 7, 2020 Author Share Posted September 7, 2020 2 hours ago, ghostz life matters said: The real question is what’s your credit limit? With all my cards combined I have literally lost count. Combined its probably well over $100,000. Quote Link to post Share on other sites
Twinblade★ 3,892 Posted September 8, 2020 Share Posted September 8, 2020 only 644. I always pay my bills on time and shit, but im using low limit credit cards which I think is causing it to plummet because I always end up coming close to my credit limit. 1 Quote Link to post Share on other sites
Cooke 2,026 Posted September 8, 2020 Share Posted September 8, 2020 Just now, Twinblade said: only 644. I always pay my bills on time and shit, but im using low limit credit cards which I think is causing it to plummet because I always end up coming close to my credit limit. Yes if you're over 30% of your credit card limit it will lower your score. Quote Link to post Share on other sites
Goukosan 2,249 Posted September 8, 2020 Share Posted September 8, 2020 800 on the dot Quote Link to post Share on other sites
Goukosan 2,249 Posted September 8, 2020 Share Posted September 8, 2020 (edited) 23 minutes ago, Twinblade said: only 644. I always pay my bills on time and shit, but im using low limit credit cards which I think is causing it to plummet because I always end up coming close to my credit limit. It's about what percentage of your available credit that you are using/managing effectively. Over 30% and your score takes a nose dive. Edited September 8, 2020 by Goukosan Quote Link to post Share on other sites
roflpwnedz 289 Posted September 8, 2020 Share Posted September 8, 2020 But it doesn't matter cause I won't get higher limits if I'm not making a lot of money. Kind of why I can't get a mortgage ;( Also, it's a hassle managing all the cards and putting them to use. I've had 1 account closed cause I didn't use it and a few others almost closed. Quote Link to post Share on other sites
Twinblade★ 3,892 Posted September 8, 2020 Share Posted September 8, 2020 32 minutes ago, Cooke (not admin cant help said: Yes if you're over 30% of your credit card limit it will lower your score. Thats kind of retarded though. if someone has a card with a $10,000 limit, and they owe $3,000 they'll be in a better position than someone who has a card with a $1,000 limit and owes $800? How so when the former person is way more in debt? Quote Link to post Share on other sites
Goukosan 2,249 Posted September 8, 2020 Share Posted September 8, 2020 4 minutes ago, Twinblade said: Thats kind of retarded though. if someone has a card with a $10,000 limit, and they owe $3,000 they'll be in a better position than someone who has a card with a $1,000 limit and owes $800? How so when the former person is way more in debt? You're joking right? Quote Link to post Share on other sites
lynux3 2,052 Posted September 8, 2020 Share Posted September 8, 2020 6 minutes ago, Twinblade said: Thats kind of retarded though. if someone has a card with a $10,000 limit, and they owe $3,000 they'll be in a better position than someone who has a card with a $1,000 limit and owes $800? How so when the former person is way more in debt? Quote Link to post Share on other sites
Cooke 2,026 Posted September 8, 2020 Share Posted September 8, 2020 8 minutes ago, Twinblade said: Thats kind of retarded though. if someone has a card with a $10,000 limit, and they owe $3,000 they'll be in a better position than someone who has a card with a $1,000 limit and owes $800? How so when the former person is way more in debt? The person with the 10k limit usually is I'm a better position financially to pay it off.. That's why the limit is higher. Quote Link to post Share on other sites
Goukosan 2,249 Posted September 8, 2020 Share Posted September 8, 2020 Just now, lynux3 said: How can a grown ass man not know how credit works Quote Link to post Share on other sites
lynux3 2,052 Posted September 8, 2020 Share Posted September 8, 2020 2 minutes ago, Goukosan said: How can a grown ass man not know how credit works He never ceases to amaze; dude legit says the dumbest shit, doesn't matter the subject. Quote Link to post Share on other sites
Twinblade★ 3,892 Posted September 8, 2020 Share Posted September 8, 2020 18 minutes ago, Cooke (not admin cant help said: The person with the 10k limit usually is I'm a better position financially to pay it off.. That's why the limit is higher. I guarantee im better off financially than a lot of people I know who owe thousands of dollars on their credit cards and can barely make the minimum payment every month. The algorithm they use to calculate this is flawed. Quote Link to post Share on other sites
roflpwnedz 289 Posted September 8, 2020 Share Posted September 8, 2020 Life isn't fair or logical 1 Quote Link to post Share on other sites
Goukosan 2,249 Posted September 8, 2020 Share Posted September 8, 2020 20 minutes ago, Twinblade said: I guarantee im better off financially than a lot of people I know who owe thousands of dollars on their credit cards and can barely make the minimum payment every month. The algorithm they use to calculate this is flawed. So to prove your point you use someone who mismanaged their credit? and Twinblade doubles down on the stupidity Quote Link to post Share on other sites
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