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Originally Posted by xlogger
Anlike some people, i dont have credit. I am traying to build up credit by using my CC and paying it off every month.
That is why i used my CC to buy scratch off tickers.
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I'll tell you a little secret ( seriously ).
If you want to build credit faster heres how you do it..
First off a bank makes almost no money from people who pay their bills, regardless of how much they spend , likewise they make almost no money from people who dont pay any bills. Where they do make the most money is from people who like to spend more than they have , they pay their bills for a few months then fuck up pay a penalty and interest and THEN pay back their bills..
So get a new credit card rack up the bill , pay the minimum for 6 months , then default the 7th month , pay it all off in the 8th month , rack it all back up in the 9th month , forget to pay for a month or 2 then pay the penalty then pay it all off again , and watch how fast they call to increase your credit limit.. The banks will fight over you.