***TST's Official "Whatever" Thread*** - Page 195 - TriStateTuners.com :: Home of Tristate Auto Enthusiast

CHAOS · 10-26-2007, 10:56 AM

lol i wish i owed 7 gs on my car... im sitting at around 24k owed

Z3R0 · 10-26-2007, 10:56 AM

Quote:

Originally Posted by redwrxwagon02

start small and get a gas card thats what i did
just keep paying it off though and then move up to a big kid credit card ya gotta put down the ducky sometime zero

I will get one...when I need one...until then, I'm good.

Kiel · 10-26-2007, 10:56 AM

Capital One is considered subprime.

Z3R0 · 10-26-2007, 10:57 AM

Quote:

Originally Posted by Kiel

Capital One is considered subprime.

The keep sending me letters

Kiel · 10-26-2007, 10:57 AM

Quote:

Originally Posted by Z3R0

I will get one...when I need one...until then, I'm good.

No, that's stupid. Length of credit history matters MASSIVELY when it comes to your credit. Open a card now even if you don't spend anything on it. You're only ****ing yourself by waiting.

where'smyturbo? · 10-26-2007, 10:58 AM

hmm. but it will eventually build my credit, right? either way i'm not worried because i took out a loan. that will build my credit.

redwrxwagon02 · 10-26-2007, 10:58 AM

Quote:

Originally Posted by where'smyturbo?

i am assuming capital one would be prime? or subprime?

precisely

Z3R0 · 10-26-2007, 10:59 AM

Quote:

Originally Posted by Kiel

No, that's stupid. Length of credit history matters MASSIVELY when it comes to your credit. Open a card now even if you don't spend anything on it. You're only ****ing yourself by waiting.

I don't want to get raped with intrest...

where'smyturbo? · 10-26-2007, 11:00 AM

use it once or twice a month for gas. pay it off before the statement is due. and you're good.

Kiel · 10-26-2007, 11:00 AM

Quote:

Originally Posted by Z3R0

The keep sending me letters

Yeah because you have no credit. You're not gonna get a Discover Platinum offer in the mail with no established credit.

Z3R0 · 10-26-2007, 11:02 AM

Quote:

Originally Posted by Kiel

Yeah because you have no credit. You're not gonna get a Discover Platinum offer in the mail with no established credit.

I hate credit offers.

where'smyturbo? · 10-26-2007, 11:03 AM

took me 8 months to establish credit after i turned 18. that **** was annoying.

CHAOS · 10-26-2007, 11:08 AM

boobytrap.

Z3R0 · 10-26-2007, 11:08 AM

boobies!!!!!

Kiel · 10-26-2007, 11:10 AM

1) multiple credit lines help your credit, and diversity of credit type (student loan, personal loan, car loan, credit cards) helps your credit score
2) length of credit history (how old your oldest OPEN card is) is a major factor - even if you pay a card balance down to 0, DO NOT CLOSE THE ACCOUNT YOU WILL HURT YOUR CREDIT
3) pay ON TIME EVERY MONTH or you might as well punch yourself in the face
4) the ideal balance/credit limit ratio (known as "utilization") is 3-8% - basically meaning if you have a $1000 credit limit, the ideal balance to maintain is 30-80 dollars. yes it's difficult to maintain and NO you should not freak out if you can't meet that. but DO NOT MAX OUT YOUR CARDS, YOU WILL HURT YOUR CREDIT SCORE
5) the best thing to do with a credit card is keep it active with a low balance. buy coffee every day? put it on your credit card and PAY THE BILL OFF at the end of the month.

Kiel · 10-26-2007, 11:11 AM

Quote:

Originally Posted by Z3R0

I hate credit offers.

https://www.optoutprescreen.com/

opt out - no unsolicited offers for 5 years

Z3R0 · 10-26-2007, 11:13 AM

Hmm a real car....*i need one*

Kiel · 10-26-2007, 11:15 AM

Quote:

Originally Posted by Z3R0

Hmm a real car....*i need one*

Hmm a credit card....*you need one*

redwrxwagon02 · 10-26-2007, 11:16 AM

god i need to drink tonight thats i im getting booze on my lunchbreak
what should i get POLL

A. soco
B. jack
C. Wild Turkey 101
D. Beer of some sort
E. Jose

redwrxwagon02 · 10-26-2007, 11:17 AM

Quote:

Originally Posted by Z3R0

Hmm a real car....*i need one*

i got a 17k car loan a year ago because i already had 2 years of credit under my belt if you want a real car and a car payment (awesome way to build credit) then get a card

10-26-2007, 10:56 AM	#3883
Kiel Tri-State Aficionado Join Date: Aug 2007 Location: Morton, PA Member #5456 My Ride: 2003 WRX - Sonic Yellow iTrader: (0)	Capital One is considered subprime. __________________ TST Work Crew/Saturday Club To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

10-26-2007, 11:10 AM	#3895
Kiel Tri-State Aficionado Join Date: Aug 2007 Location: Morton, PA Member #5456 My Ride: 2003 WRX - Sonic Yellow iTrader: (0)	1) multiple credit lines help your credit, and diversity of credit type (student loan, personal loan, car loan, credit cards) helps your credit score 2) length of credit history (how old your oldest OPEN card is) is a major factor - even if you pay a card balance down to 0, DO NOT CLOSE THE ACCOUNT YOU WILL HURT YOUR CREDIT 3) pay ON TIME EVERY MONTH or you might as well punch yourself in the face 4) the ideal balance/credit limit ratio (known as "utilization") is 3-8% - basically meaning if you have a $1000 credit limit, the ideal balance to maintain is 30-80 dollars. yes it's difficult to maintain and NO you should not freak out if you can't meet that. but DO NOT MAX OUT YOUR CARDS, YOU WILL HURT YOUR CREDIT SCORE 5) the best thing to do with a credit card is keep it active with a low balance. buy coffee every day? put it on your credit card and PAY THE BILL OFF at the end of the month. __________________ TST Work Crew/Saturday Club To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

10-26-2007, 11:16 AM	#3899
redwrxwagon02 Tri-State Post Whore Join Date: Mar 2007 Member #4044 iTrader: (0)	god i need to drink tonight thats i im getting booze on my lunchbreak what should i get POLL A. soco B. jack C. Wild Turkey 101 D. Beer of some sort E. Jose __________________ oh thanks!

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10-26-2007, 10:56 AM	#3881
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	lol i wish i owed 7 gs on my car... im sitting at around 24k owed

10-26-2007, 10:58 AM	#3886
where'smyturbo? Tri-State Addict Join Date: Sep 2007 Location: Seattle, WA/Langhorne, PA Member #5694 My Ride: '99.5 Jetta VR6 iTrader: (1)	hmm. but it will eventually build my credit, right? either way i'm not worried because i took out a loan. that will build my credit.

10-26-2007, 11:00 AM	#3889
where'smyturbo? Tri-State Addict Join Date: Sep 2007 Location: Seattle, WA/Langhorne, PA Member #5694 My Ride: '99.5 Jetta VR6 iTrader: (1)	use it once or twice a month for gas. pay it off before the statement is due. and you're good.

10-26-2007, 11:03 AM	#3892
where'smyturbo? Tri-State Addict Join Date: Sep 2007 Location: Seattle, WA/Langhorne, PA Member #5694 My Ride: '99.5 Jetta VR6 iTrader: (1)	took me 8 months to establish credit after i turned 18. that **** was annoying.

10-26-2007, 11:08 AM	#3893
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	boobytrap.