Odd credit card experience.

[RVTECH]

Stop the hemorrhaging of moolah!

Yea! $379 for the RIA was enough!

 

[SCARed]

Credit scores are calculated differently depending on what your getting credit for. A mortgage credit pull is using a different scoring model than say a credit card, which is a different scoring model than an auto loan. Etc. Any monitoring credit pulls, like from your bank, Credit Karma, credit cards, Etc. is yet a different model.

You could get a Credit Karma acct for free and monitor what's going on there, just bear in mind the above. I use Credit Karma and Experian, and have found Experian to be closer to reality, but is still off. I bought a car last Oct and the actual credit pull was about 40pts higher than what the monitoring accts indicated. But I've seen it go the other way too.

 

[Jay Walk]

If you're staying above 720 score, then I would not worry about it.

Besides, a high score just shows that you are good at borrowing money, think about it.

 

[DirectDrive]

If you're staying above 720 score, then I would not worry about it.

Besides, a high score just shows that you are good at borrowing money, think about it.

No, it shows you pay your debts on time.

 

[VinnieBoomBah]

No, it shows you pay your debts on time.

I'm confused on what you think being "good at borrowing money" means.

 

[DirectDrive]

I'm confused on what you think being "good at borrowing money" means.

Let's put it this way.
If you pay your debts on time you are demonstrating that you are a good risk.
Does that help ?

 

[RVTECH]

No, it shows you pay your debts on time.

This must be it because I haven't borrowed any money in over 21 years (and minimal CC usage)

 

[VinnieBoomBah]

Let's put it this way.
If you pay your debts on time you are demonstrating that you are a good risk.
Does that help ?

How is that any different than "good at borrowing money"?

For once a (semi ) serious question because I am genuinely confused

 

[DirectDrive]

How is that any different than "good at borrowing money"?

For once a (semi ) serious question because I am genuinely confused

Simple.
You can be good at borrowing money but not good at paying it back.
They want to weed out the weeds.

Your questions seem to be those of a cash on the barrel head person.
Amiright ?

 

[ilikegunspdx]

Simple.
You can be good at borrowing money but not good at paying it back.
They want to weed out the weeds.

What about pissing $ down a rat hole? I guess they don't like that.

 

[Jay Walk]

I'm confused on what you think being "good at borrowing money" means.

Paying your debts on time.

 

[Stomper]

Yea! $379 for the RIA was enough!

I am tempted on one of those myself!

 

[DirectDrive]

I am tempted on one of those myself!

$251.25 is the low price if you search it.

 

[gmerkt]

I have never known what our credit score is. Never cared.

I've no idea what mine is. We have no standing debt but I use the (3) cards all the time. And they get paid off at the end of the billing cycle. They are simply an instrument of convenience for us. A few months ago, we completely missed a payment on one. Because evidently I never got the statement in the mail. Oh well, I went to their local branch (where I have no other business) and paid it in person. I have no idea if that missed payment lowered my score, and it doesn't matter. If it was serious, they'd pull my card, wouldn't they? Otherwise, I don't have a worry about it.

I suppose in this day and age, I'm making a mistake in not using online bill payment. Not only is it costing me seventy-something cents per bill. A couple of years ago, one of my PUD payments got lost. I figured it would catch up, they would post the late payment to my account and I'd be ahead a payment. To this day, it never has shown up. Over the years, once in a while you read a story in the paper about a letter that got lost and was delivered 60 years later. Found under furniture or similar. What I don't like is the necessity for a bunch of new passwords, security codes, blah blah associated with online payment. The paper statement comes, I pay it. If it gets lost, I'm delinquent a month. Haven't gone to jail over it yet. If it dinged my credit score I've been blissfully unaware.

 

[RVTECH]

I am tempted on one of those myself!

Do it! If ya do get the FS version (which is the one I got) as it has the Beavertail, Vidicki style trigger and Novac style sights. Pretty decent grips too!

 

[Croat]

Live debt free and credit scores be damned.

 

[Croat]

I suppose in this day and age, I'm making a mistake in not using online bill payment.

I asked my bank for a written guarantee that, if I entered into an online banking relationship with them as they seemed to so dearly want me to do, that neither my data nor my account would be hacked/stolen. Surprise surprise, they wouldn't do that. In other words, that "relationship" means all the risk is placed on the customer. Any idiot would tell you that's a stupid idea for a person to undertake that kind of financial/data risk, but look around at how many people do it. As usual, surrounded by brilliance in this society.

 

[gmerkt]

I asked my bank for a written guarantee that, if I entered into an online banking relationship with them as they seemed to so dearly want me to do, that neither my data nor my account would be hacked/stolen.

I'm thinking that's probably not something they can, as a practical matter, guarantee. Cyber things just have a way of going agley.

Although in the many years I've made payments by mail, only twice has it happened that they weren't posted. On the other hand, I can say that I've had to change one or the other of my credit card numbers due to fraud more times than that.

 

[gmerkt]

they seemed to so dearly want me to do

This describes my situation with an ATM card. Which BofA tellers have been trying to convince me to get for over 20 years. Lately, I caved on that one and got such a card. Because increasingly strict counter protocols have made it easier for me to deposit and cash checks with the ATM card. But I won't be using it at a cash machine - I always have cash on hand with me anyway. Who goes anywhere without some cash. I know, one of my daughters. I had to pay her fare recently so we could get into a volleyball game my granddaughter was playing in.

Re. those newer protocols at the teller's window. They are asking for picture ID more and more often and always when dealing with cash. I've been selling Dave's guns that I inherited, so the ATM card helps in dealing with those checks. But one time I had a check to deposit, plus I had some coins rolling around in my pocket. So just to get rid of them, I added them to the check deposit. They asked for my ID for that one because the coins constituted a "cash" deposit.

Now they are trying to get me to use a smart phone to deposit checks. I have to admit, it would save trips to the bank. My son has been doing this for years. Yes, I have a smart phone that he gave me. But I haven't gotten up the gumption to use it for that yet. But that doesn't help when I want to present a check, then take cash back at the same time. The smart phone can't disgorge cash.

 

[gmerkt]

So what's the big deal with cash transactions over $10K? So you have to fill out a few lines on a one page form. Why do people worry about this? If you got the money honestly, why would anyone care? You just have to explain how you got it.