Pet peeves

huskers1217 said:
or cancelling a card and showing responbility is suddenly a bad thing and credit risk now.
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It reduces your average age of tradeline. Also likely increases your utilization percentage. Better to keep it open with a zero balance than canceling it.
 
huskers1217 said:
or cancelling a card and showing responbility is suddenly a bad thing and credit risk now.
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When I bought my first house, I didn't have any credit cards and zero debt so when I applied for a mortgage, they seriously recommended I go and open some credit cards and buy stuff with them so that I have some debt and credit history.

Mortgage company: We want to see your credit and make sure your debt to income ratio is adequate.

Also Mortgage Company: You don't have any debt. Definitely high risk. Go take on some debt to help.
 
Skerpokes said:
When I bought my first house, I didn't have any credit cards and zero debt so when I applied for a mortgage, they seriously recommended I go and open some credit cards and buy stuff with them so that I have some debt and credit history.

Mortgage company: We want to see your credit and make sure your debt to income ratio is adequate.

Also Mortgage Company: You don't have any debt. Definitely high risk. Go take on some debt to help.
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They don’t want you to add debt. They want you to add credit management history.
 
steelerssb said:
People who try chit-chatting with you when you're wearing headphones.

Headphones is the universal sign for leave me alone.
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For me it is people who put their phone on speaker and then walk around with it help up horizontally next to their mouth. What is the fucking point? Just hold it up to your ear at that point!
 
Skerpokes said:
I understand the mechanics behind it. I just think it's stupid
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Why? You’re looking to borrow money. Shouldn’t the company have an idea about your track record of paying off money you’ve borrowed? It would be stupid to loan hundreds of thousands of dollars to someone with no idea about whether they’ll pay it back.
 
williewilliejuan said:
Why? You’re looking to borrow money. Shouldn’t the company have an idea about your track record of paying off money you’ve borrowed? It would be stupid to loan hundreds of thousands of dollars to someone with no idea about whether they’ll pay it back.
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Tell that to Biden
 
williewilliejuan said:
It reduces your average age of tradeline. Also likely increases your utilization percentage. Better to keep it open with a zero balance than canceling it.
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Riddle me this...a few years ago I paid off a loan. My credit score decreased!
 
williewilliejuan said:
Average age of tradelines decreased. That’s a factor in the FICO models.
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hey guise, I think I found the person who keeps emailing me that my Experian credit scored changed every other day!
 
fordman84 said:
hey guise, I think I found the person who keeps emailing me that my Experian credit scored changed every other day!
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People should know how their credit scores work. That’s way more important to learn than half of the shit they teach in school.
 
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