Quote (MaliceMizer @ Jul 7 2016 11:15pm)
Remember,
Credit score is a measurement of how good you are at being in debt
as long as you pay a tiny bit of that debt, yes.
Quote (AiNedeSpelCzech @ Jul 7 2016 11:15pm)
My ex-wife was once the front office clerk for a chiropractor and him and his long-term live-in girlfriend got a lot of mail that came straight to the office.
The wife had a number of credit cards, which she paid pretty much the minimum balance on most of the time, occasionally freeing up space on one with a big payment but generally just paying minimum balances.
The dude in question had a number of cards which he kept fairly empty, usually paying them off within a month or two.
He got constant offers for cards with 5-10k limits, and she got constant offers for cards with 20-50k limits.
Something I always remember with it, at least. Paying minimums or just a little more is essentially paying a monthly fee for good credit. :P
yeah im actually getting it because i want to build up my credit rating, and the card offers 0.5% cashback on everything (plus additional cashback on selected items)
ive even heard of people getting refused credit because they pay off their cards in full every month, as the bank cant make money when they do that. ive got 0% interest on this card for 12 months so even though i can pay off any debt immediately from my savings accounts ill pay it off gradually to give the illusion that i would do that on a higher interest rate. ive got it all figured out...
