I hate credit cards! - Page 2

I don't really worry too much about my credit score after I have already bought a house.  I think some of that stuff is frickin stupid.  I mean, why should your credit get hurt unless you have something like an outstanding bill you refused to pay, bill collectors after you for other reasons, or a bankrupcy?  If you bought everything cash cause you had the money, your credit score would be horrible even although you were rich!  Just something to think about....

Lol.  I prefer cash, but now I'm looking into gold.  It always has a high value.  I would rather have a milion dollars in gold than a milion dollars in cash because what if the value of the dollar goes down dramatically?  The gold will still be worth about the same.

gold does fluctuate as well...

I guess when it comes to credit you have to prove yourself worthy of handling it.  In order to do so, must have a history of handling credit well.  Kind of makes sense if you really think about it since the person loaning you money doesn't know you in person and just on paper.

And you don't care about your credit score?  Just a thought....what if interest rates plummet 10 years from now and you want to refinance to save money, but you had a philosophy of not caring about your fico score and you can't get approved for the lower rate because your score is teh sux0rz.

Cke ..... please note 00accord's caveats (sp?)

I wasn't trying to attack.  I was just saying that credit, although it may be unfair, just makes it easier for people loaning money since they don't know people individually and probably go through hundrdes if not thousands of applications a day.

And I know he said he said, "I don't really worry too much about my credit score after I have already bought a house.".  I was just showing a reason to worry, or maybe not so much worry but keep tabs on and keeping the score up.  Never know when a reason to take out a loan will come around eg. refinancing a home or a unanticipated medical bill. 

Also, where I work I deal with a lot of fraud so I know how important it is to worry.  I guess I just worry more than other since I see fraud so much and peoples credit scores more than likely being messed up.  Sorry if I came off rude, because that was not my intent.  I just feel credit is so important.  It has the potential to save people or cost people thousands of dollars.  I'm just giving people other things to think about too like 00

What I meant is that he mentioned the absence of bad reports.  For people with bad credit, they need to be mindfull of these things.  If you already have good credit and don't screw it up, it will stay good, thus you don't need to worry.

quote:

ORIGINAL: falkore24

 If you already have good credit and don't screw it up, it will stay good, thus you don't need to worry.

Maybe the person with good credit won't screw it up, but that doesn't mean someone else won't screw it up for ya. 

Devil's advocate?

Nah, just really paranoid about fraud/identity theft.

What about people like me with no credit?

its not as bad as having bad credit, but it is not good.  you are an unknown risk.

quote:

ORIGINAL: falkore24

I'd imagine that you could.  Why not get rid of one card?  It's not good to apply to too many cards .... including store and gas cards.  To the credit companies, it makes you look desparate for money, aka- a risk to them.  Also, every credit check to get these cards lowers your score a few points.  This does not apply to debit cards.

 
*This is a true statement here, my banker told me the same as Falkore 24 is telling you..
 
                              WheelBrokerAng

Having too many credit cards was explained to me like this...
 
Say you're applying for a mortage or something.  You have 2 credit cards that you regularly use, & have a good record.
 
But you have (hypothetically) 3 more credit cards with large credit limits that you 'never' use.  You keep them for emergency use only.
 
The bank has to evaluate your risk, and they do the math to see what TOTAL amount of credit you can afford.  The large credit limits of those 3 'emergency' cards can work against you.  As far as the new lender is concerned, you are capable of going shopping tomorrow and running those cards right up to their limits.  Nothing to stop you from doing that except your own common sense.
 

If any of you have a chance, look at the book Scam Proof your life 

http://www.amazon.com/Scam-Proof-Your-Life-Consumer-Headaches/dp/1402745052/ref=pd_bbs_sr_1/002-0099706-5876013?ie=UTF8&s=books&qid=1191905991&sr=8-1

It goes into detail how your fico score works, how not get get taken advantage of by credit card companies and how to prevent fraud.  Has a bunch of other really good informations too.

I just try not to worry about things in general.  It's not going to help me at all to be constantly worrying about my credit score or if my Identity will be stolen.  Even although I aknowledge that it would suck big time.  The Chase Visa I just got offers "Identity Theft protection" ... you guessed it...for a "low monthly fee."  I guess I'll look into it to see if it is a ripoff or not.
I actually got lucky when I bought my house.  The fixed rates here dipped to about 6% - I seriously doubt they will ever get much lower than that.  A few months after I bought, the market took a dive and now it is said to be almost impossible for buyers to get a loan here in MS.  I'm glad I'm not planning on selling anytime soon!

The insurance mogul hasn't looked into identity theft insurance?

Here's your stick back!!! 

LOL.  I work in insurance claims.  That doesn't mean I am going to purchase every worthless insurance policy offered to me....actually it is quite the contrary.  IMO the only insurance you really need is, Health, Auto (if you have a car), Life Insurance(if you have a family), and Homeowners Insurance (If you live in an apartment you should buy Renter's Insurance, it's dirt cheap).  It's all about risk.  IMO I am not really at a high risk of having my identity stolen 

Don't shake your arse at me!!!  Save that for the ladies ..... uhhh ..... yeah, your married.  Well .... you know what ELSE I always say, "Just because you're on a dite doesn't mean you can't look at the menu!"

Also, I said "looked into" not bought!

Ahhh...I misunderstood.  Since I read commercial policies all the time I don't feel like reading others in my spare time.  Actually I still haven't even read my own homeowners or auto policies! They are still inside the sealed envelopes they came from my agent in!

Here's the rest of the tree!

another side note that someone kinda mentioned about CC and balances, having 3 credit cards with max balances of 10,000 each and carrying a running balance of 3,000 on each card is better for credit ratings than having one card at 9,000 and 2 at 0.  I know it sounds strange but it's true. why?  I have no idea.

1 card at 9g's looks like you spend big money frivolously.  It could be a single purchase.

the dealer i bought my v6 at took amex.  i put 5k of my down payment on my amex (their limit).  That's woth a 50$ gift card at teh cheescake factory!

On a side note, I called AMEX prior to the charge, knowing full well that they would deny it if i didnt.  I kinda like that.

Did the dealer charge you a 3% fee for using your ccd?  When I bought my car I put it on my united mileage card the dealer tried to charge me the 3% fee!!!  I said no way jose and was gonna walk, so he just incurred the fee.  Woo Woo for cards with points!