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Cop the M3, eat a 19 year old, and get no buns.
The math checks out. It's a go!
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Cop the M3, eat a 19 year old, and get no buns.
What's the point of good credit? You need good credit to get dam near anything now a days...riiiight, i feel like in america credit is very important. But i mean whats the point of credit if u dont even land a good job to pay off loans na mean thats another topic tho.
-Cell phone plan
-Cable/Internet Service
-Apartment
-Car
-Opening a checking/savings account (they are checking credit now a days)
-To get a good job
-To buy a house
All require credit.
Only people that don't know what they are talking about say that credit is not needed. Number 1 myth about credit is that you have to go into debt to get excellent credit. A $250 secured credit card is all you need to build good credit. Sounds like you wasted your money and got finessed on that "financial course".
19 years old, credit score at 729. Am I doing it right yet?
I agree with most of what you said but some of those are not universal
But still, ignore your credit is stupid advice no matter how you slice it
I agree with most of what you said but some of those are not universal
But still, ignore your credit is stupid advice no matter how you slice it
Yeah it's not universal, but it is becoming more common for all of those things. Depending on the company a good/decent credit score is required for every single thing I listed.
I was blown away when verizon asked to do a hard pull to give me cable and Internet service or I had to pay a deposit (based off a soft pull ) . Xfinity doesn't do credit checks yet can't wait to switch back.
Verizon been bout that credit check game
They did it too my room mate for a struggle $30 a month DSL line a few years back.
The look of surprise and disgust on his face when the told him that was priceless
It seems like you have a few options
Instead of spending 5,000 on something you may not like or gettin a loan for something over 15,000 that you do actually like find a car in between .
Say a 9,500 car with 3000 down on a 36 month loan 5 percent interest is like 190 a month ,
You got 2000 in the bank a nice car and a low car note ..
yup you worked hard to save the 5000 no sense in getting something unreliable or a car with a car note you're gonna regret .This is great advice. Pretty much my approach for my next commuter car.
OP here is a car auto loan calculator so you can see what your monthly payments will be
http://www.bankrate.com/calculators...ator.aspx?ic_id=calc-lead_auto_auto_globalnav
In America, you won't be able to do **** unless you have good credit. Like you said, mortgage, future car loans, anything that requires a credit check or anything of that nature won't be an easy slide unless you have good credit.
I'm 22 and been working on my credit for a year or so now. Got 2 credit cards from Capitol One, 1 credit card for Ashley Furniture, and Credit Karma still says I have a "D" grade on how many Credit Accounts i have. I need to open more in order for my credit score to go up. Apparently the Credit Bureaus want to see you manage multiple credit accounts.
I would suggest a loan, as a car loan is the second biggest credit bump there is, right behind a mortgage. It'll help you a lot if you pay it right.
I commend you on trying to keep up with your credit at such a young age. But Credit Karma is hot garbage and far from accurate. You need your FICO scores, not FAKO (which CK uses). Your FICO score is used in all credit checks.
Look into myfico.com and check out the forums. There is a wealth of info on how to manage credit month to month. You're right about having multiple lines of credit, but varying lines is what they like to see (revolving, installment, etc.). And the percentage of credit available to credit used is huge in determining your FICO score.
Oh, and pull ALL 3 credit reports regularly to make sure everything is reporting as it should. I'd also recommend MyFICO Scorewatch--well worth the $15/month IMO.
19 years old, credit score at 729. Am I doing it right yet?