Establishing and Building Good Credit

most viewed right now
 190
Video inside Hell Rell Get's Knocked Out in NYC Street.
174 comments
@misc
most viewed right now
 144
look what energy drink abuse did to this man :imout:
74 comments
@wild'ish
most viewed right now
 116
Image(s) inside Who breaking this 5'10 bi-ch off?
31 comments
@thotsdimesetc
most viewed right now
 103
Image(s) inside Bow Wow Tweet The REAL Death Row Roster Picture We NEVER Seen, Twitter..
185 comments
@hiphop

section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 12 years ago '04        #21
fulgazey 
space
space
space
$319 | Props total: 1 1
Credit is a powerful thing and don't take it lightly when your score is low. Each positive month on your credit history is like a 10 point month. Your score is the past 84 months of your credit history. If you have alot of consecutive good months while your bad months are rolling off of that total your score can make dramitic increases in a 8-10 month span.

Alot of credit card access can also be bad. If you have "liquid access" to a large amount of money banks consider that as debt because you can incur it at anytime you please. When you have cards that are old and accounts you don;t use if you don't need the tradeline open close it. It helps your total outlook.
 02-28-2006, 08:06 AM         #22
Fu7urE101 
space
space
space
$n/a | Props total:  
I have about 3 cards now. A mastercard, visa, and a Gap card all of which I pay off about 3-4 days after I get the statment. But I have a friend who says that might not be enough to really boost my credit score. He said I may have to take out a loan or something.
 12 years ago '04        #23
term0il 
space
space
space
$332 | Props total: 0 0
 sdotty313 said:
my fu*kin credit is shot to death already....
co-sign...but my question is, how do you pay off delinquent accounts already on your credit report?
 12 years ago '06        #24
9.18 5 heat pts
space
avatar space
space
$2,658 | Props total: 645 645
b b b b b bankruptcy


or have ur debt consilodated into a flate fee through a credit broker, pay it off then cancel everything u have and geta secured card for a year or two then ur rdy to go!
 12 years ago '04        #25
ruff 6 heat pts
space
avatar space
space
$26,563 | Props total: 2300 2300
So what's a great recommened start up card for a college student?
 04-12-2006, 02:56 PM         #26
Inhale 
space
space
space
$n/a | Props total:  
if you get more than one card, and pay them off one card with another... as long as you don't mess around and spend more than you have.. that's a good way to build up your credit
 04-17-2006, 05:06 PM         #27
midwestgrittin 
space
space
space
$n/a | Props total:  
will give you a free credit report and will allow you to dispute anything on your credit report. Just a heads up search experian for your credit report. I found them to be the best.
 04-23-2006, 05:42 PM         #28
lakerz 
space
space
space
$n/a | Props total:  
all good info, fyi you can file for bankruptcy once and some companies will still issue you credit cards/loans. however if you file for bankruptcy atleast twice then thats pretty much the end of uf credit history, no bank/cc company will ever take the chance on you.
 11 years ago '06        #29
canal_boys 8 heat pts
space
avatar space
space
$4,294 | Props total: 441 441
 midwestgrittin said:
will give you a free credit report and will allow you to dispute anything on your credit report. Just a heads up search experian for your credit report. I found them to be the best.
wtf dont even work
 06-01-2006, 05:20 PM         #30
stickyknots 
space
space
space
$n/a | Props total:  
i got a cell phone bill in my name with 2 other people on it. i pay on time but they always late. do u think it will still lower my score?
Richierich84 slapped this ish
 
 06-09-2006, 09:57 AM         #31
markus 
space
space
space
$n/a | Props total:  
nah it doesn't lower your score unless you haven't paid for long periods of time and they send your account to the collections department. They usually send u a notice (or maybe a few of them) before they do it though.

actually, paying your cell phone on time or most of the time doesn't effect your credit score. in fact, it doesn't appear on your credit at all. it only appears when you refuse to pay ur unpaid balance.
 06-09-2006, 09:58 AM         #32
markus 
space
space
space
$n/a | Props total:  
 canal_boys said:
wtf dont even work


thats what they meant to put.
 06-09-2006, 04:58 PM         #33
mc_breed 
space
space
space
$n/a | Props total:  
gotta keep that credit clean
 11 years ago '06        #34
anseltmchs 4 heat pts
space
avatar space
space
$513 | Props total: 17 17
i look at credit as a game. i'm 22 and my score is 741 as of may 06.
 11 years ago '04        #35
fulgazey 
space
space
space
$319 | Props total: 1 1
 stickyknots said:
i got a cell phone bill in my name with 2 other people on it. i pay on time but they always late. do u think it will still lower my score?
Yes. Your name is on the account and you are a "owner" of that account. Get your own if someone else is messing up. Don't ride the wave down with them.
 11 years ago '04        #36
jaydee563 
space
space
space
$260 | Props total: 0 0
 xbuix15 said:
dont know if this has been posted, but if you have several credit cards and DONT USE THEM, it will help your credit score. having several cards means that you have access to more money than you would with one card. so having a couple cards on the side will help. just dont get too many, because credit companies will get suspicious


Actually if you have several cards and don't use them that is actually isn't good from a credit card company standpoint. Those credit card companies review your credit card accts pretty regularly and if the see accts that have been used for sometime or even ever they will close them and it will show as closed by the creditor which reflects negatively on your credit(especially if you apply for new credit cards, etc.)
 06-20-2006, 01:48 PM         #37
markus 
space
space
space
$n/a | Props total:  
 jaydee563 said:
Actually if you have several cards and don't use them that is actually isn't good from a credit card company standpoint. Those credit card companies review your credit card accts pretty regularly and if the see accts that have been used for sometime or even ever they will close them and it will show as closed by the creditor which reflects negatively on your credit(especially if you apply for new credit cards, etc.)
agreed, but the creditor will never cancel or close your account without a person's consent. the only way they can do that is if you don't pay your bill...

but yeah, its better to use your credit cards regularly, just make sure u only spend amounts of money you can pay back. Keep doing this and it will show a good credit history. The reason credit companies don't like to see accts that are not active is because they need to see that you know how to pay your bills on time. and if you don't have a credit history, its impossible for them to do this.
 11 years ago '04        #38
Shizz|M 
space
avatar space
space
$7,346 | Props total: 198 198
 markus said:
agreed, but the creditor will never cancel or close your account without a person's consent. the only way they can do that is if you don't pay your bill...

Actually if you have a card that hasnt been used in a 5-6 month period they will close the card out automatically thinking that you never received it or never used it. which will look good on your credit though

i had one card that they did that too
 11 years ago '04        #39
jaydee563 
space
space
space
$260 | Props total: 0 0
 markus said:
agreed, but the creditor will never cancel or close your account without a person's consent. the only way they can do that is if you don't pay your bill...

but yeah, its better to use your credit cards regularly, just make sure u only spend amounts of money you can pay back. Keep doing this and it will show a good credit history. The reason credit companies don't like to see accts that are not active is because they need to see that you know how to pay your bills on time. and if you don't have a credit history, its impossible for them to do this.
The credit card's definition of you giving your consent = you verbally agreeing by phone or signing a credit card application and getting approved for your credit card



The credit card company that I worked for closed unused accts out all the time and then sent you a letter or notice( if you were lucky) to let you know they did it. If you weren't lucky enough to get a letter, you usually found out after pulling your credit report and seeing the "closed by creditor" notice on your credit report. You usually don't want your credit report showing that the credit card company closed the acct for you regardless of what the reason is.


Last edited by jaydee563; 06-21-2006 at 07:13 AM..
 11 years ago '04        #40
Shizz|M 
space
avatar space
space
$7,346 | Props total: 198 198
 jaydee563 said:
The credit card's definition of you giving your consent = you verbally agreeing by phone or signing a credit card application and getting approved for your credit card



The credit card company that I worked for closed unused accts out all the time and then sent you a letter or notice( if you were lucky) to let you know they did it. If you weren't lucky enough to get a letter, you usually found out after pulling your credit report and seeing the "closed by creditor" notice on your credit report. You usually don't want your credit report showing that the credit card company closed the acct for you regardless of what the reason is.
Yeah let me add to that. not matter what you stuff is.. even if you know you owe them.. DOnt let them Close the account out.. if you find out (barring you got a letter.) have them open teh account back up and then you call back a few days later and close it out your self. This will report as "Closes by Client" and this will report good on your credit; giving that you balance is satisfatory
Home      
  
 

 






most viewed right now
 50
Image(s) inside I'm Blem for real I might just say how I feel
22 comments
2 days ago
@thotsdimesetc
most viewed right now
 41
Video inside I'm in tears right now
50 comments
1 day ago
@wild'ish
most viewed right now
 39
Image(s) inside She's workin at the Pyramid tonight
33 comments
21 hours ago
@thotsdimesetc
most viewed right now
 27
Image(s) inside Oct 15 - What will it be this time? Wikileaks gearing up to drop somet..
74 comments
24 hours ago
@news
most viewed right now
 19
Image(s) inside Fine ass single mother
111 comments
2 days ago
@thotsdimesetc
most viewed right now
 17
Video inside Oct 11 - Alleged Illuminati is imploding. They coming for Ben Affleck ..
138 comments
24 hours ago
@news
most viewed right now
 16
Article inside Las Vegas survivor dies after posting her eyewitness account of multi..
155 comments
1 day ago
@wild'ish
most viewed right now
 14
Video inside Tekashi69 aka The Rainbow Gangsta is tired of yall thinking sh-t sweet
232 comments
21 hours ago
@hiphop
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy