Do you know what your FICO scores are? I just got mine.
 

It's a real surprise. Get yours for $15 per agency at www.myfico.com

I consider myself to have perfect credit, no late payments or negatives at all on all my reports. But I my score has gone down quite a bit because of all the properties I own and have mortgages on.

:firehair

yes, 669.
wife is 697.

Yeah, it's definitely a good thing to check out once in a while. I typically check once a year to make sure nothing funny is going on.

9 out of 10 lenders use transunion as their decision maker, take your low score throw it out, take your high score throw it and keep the middle score. Being in the real estate/brokerage game for a decade will teach you alot, mine is 792 wifes is 789 last we looked

There's a discount code for Myfico.com, something like MyFico144, saves you a few bucks off each report. I buy mine on the first of every month to try and track changes over time.

i have a providian paypal credit card so i get free credit reporting

http://www.ytcracker.com/images/credit.jpg

steal my identity

Last time we checked ( last year, before we bought this house ) I was at 743 the wife was at 729

I just got it a week ago and its highest its ever been. I watch it closely :thumbsup

Actually i'll check it out as I was about to check my yearly score in a few days might as well get it out of the way...

with an 803 you can walk into a bank
piss on the teller
and get 100k on a finger

Does these numbers show you your credit-worthiness? Never heard of these fico points.

Yeah, I checked mine a few weeks ago. Worse than I thought.
:eek2

5 mortgages here Lens and my score is 752.

How many mortgages do you have?....LOL

I think you have a point though with what they call a debt to income ratio but at the same time I assume it depends on if all those mortgages are rentals or 2nd homes. My rental income that I collect offsets my mortgages.

i will take having a couple million over having a nice credit rating

I'm at around 723 last time I checked.

My father, being a Financial professor, is at 821.

I owe a few million dollars and I never thought it hurt my score. It does help in that my banker returns my calls right away.

:D

How does that saying go? Owe the bank a hundred thousand and the bank owns you. Owe the bank a hundred million and you own the bank ;)

Mine is probably negative 8 million now. My car got repossessed last week.

Mine is horrible thanks to a purchase I made while in college that went to credit... I paid that off and they never reported it on my credit report, which now shows as a "written off debt"... hurts my credit huge.

I've been fighting it, but so far no luck.

Actually I don't think debt to income matters for the score....since the credit reporting agencies don't know your income.
Although it is something banks consider before lending money of course.

Its the debt to credit ratio that brings down your score.
If all your credit cards are maxed it hurts you....if you cancel an account with a high credit limit it hurts you.
If they're fairly new mortgages that can bring the score down since the % of available credit compared to total debt is out of whack.
Once the mortgages get paid down a bit the score goes back up.

:2cents

My score is not to good. Its was 721 the last time I checked :banana

Before I did a bunch of deals, it was 825. Now 800 is no where in site for me.

:xmas-smil

mine is almost 800.... and yes, what you said is true. They pretty much kneel before you with mouth open.

Here we don't have these ratings...they just look if you have current debt yes/no...

What does this "rating" do? what matters is how much you earn or?

nm found it

Yes it is very important to check your score every year. I do on my birthday. Often places will try to charge you more interest that you should be paying as they assume that you don't know your score.

Mine is in the mid 700s ...lower than it could be because I have too much available credit. Not gonna give it up tho.. I don't use credit for much these days. My house is paid off so I got a home equity line of credit (mastercard) to keep something rolling on my credit history from time to time. There's hardly anything on it right now so the scoring agencies see that as potential for that much debt.

If your balances are low or non-existant it shouldnt hurt you at all... as long as you are below 40% of your available credit your golden.

Im in the mid 700's

Didn't sound that way when I read this..

"Having too much available credit can sometimes harm your credit score. Lenders may feel that you have the ability to spend more than you could potentially pay back. You might want to consider closing a few accounts or asking to have your credit limits reduced. Avoid closing too many accounts - especially the oldest accounts on your credit report - because it could harm your credit score. Closing the oldest accounts can damage your score by making the length of your credit use appear shorter. "

Quite interesting, I know/knew what a FICO score is, but not in detail. I wish they had them here. Do companies also have FICO scores or are they only personal?

Cash is King - always will be...

I never use any plastic for day to day living and give nada clue to anyone how money is spent, - nor buy anything unless I have the cash to pay for it, - including properties (that can be a great advantage in other ways). No store accounts or any of that bullshit which allow spending habit tracking.

Do I have a Fico score? Na! Will the bank lend me money? You bet, - but there is always this look of disappointment when I keep refusing their kind offer of facilities that end up costing me money - it's like ya just betrayed them or something and took back your Christmas present.

The credit culture syndrome is nothing but evil for many folks - even the CEO of VISA opened stated "at some time in a clients life, they will extend their credit and that's when we have them". What an outrageous fucking statement which effectively admits they are nothing but legalized loan sharks. (Tho I do have VISA cards - but the issuing banks give nada information to VISA on background - it would be a criminal offense in those jurisdictions.)

Cash in your back pocket is much sweeter and more beneficial to doing deals! :-)

FICO scores mean didly when you look as hot as me

http://www.gl4l.com/images/juicyface.jpg

750

Shit. I have no fucking idea what i need to do to get it to 800.

Even when I have ZERO debt its below 800.

Big Brother Phobia? :cool-as-a

juicylinks:

I know this - you know this. It's some dumb loan sharks that may not get the point, tho ya gotta excuse em , - they only understand a system :-)

I've heard alot of ppl say that as well PK.....but Suze Orman says exactly the opposite....that closing accounts and reducing your available credit hurts you.

BTW....I've been trying to reach you RE:Advertising for quite some time now....what's the best way to get ahold of you?

One of the big things they use to determine your score is how long you've had credit.
There's nothing you can do about your age....but as you get older and continue to have good credit your score will increase. (By that I mean you need 25+ years of credit to have the uber high scores....you can't have that until you're in your 40's at least)

thats why you gotta make sure you find a lonley women banker and seduce her with your looks. Easy approval.
:smilie_we

azguy:

*s* You could say there is a small touch of a phobia, but more based on nosy assholes who think they need to know stuff they don't need to know!

WTF has it got to do with *anyone* what I do or how I spend money as long as it is not something illegal? It has nothing to do with anyone, -anywhere.

The US is probably the worst place for the "nosy" stuff - they even try to track the spending habits of folks in other countries. One such US organization was chucked out of the country where I stay for this - it's against their privacy laws.

Some folks seem to tolerate a lot just because "that is the way it is" :-)

juicylinks:

Now your talking Juicy!! :-) This actually happened twice that I know of - (not involving me tho!) - and sadly the poor bitches were actually being literally conned, - one for about $400K and the other for over a million (Tho hell knows how any bank did not have "procedures" in place to kill that! Duh!)

Merry Christmas all ...

John E. Beacock
AST : Webmaster - @ - AdultSexTechniques.com
aka MasterBlogger/SexEducation

Fuck off pedo!!

Do you not understand the word "banned"?

And a Happy Pedo Christmas to you scumbag!

I bet you it happens all the time , on both sides.... women seducing men and vice versa....... the power of the pussy and penis :costumed-

juicylinks:

Ah.. reminded me!! Then there was the gay bank manager from Grand Cayman... he departed quickly back to Florida after another such incident!! :-) I suspect he may have moved quickly out of there - the bank liquidators are still interested in chatting with him!

Tho.. gotta say - he did have a very nice house which ended up on the market - the detail was impeccable on the design side! Gay folks seem to have a talent for that. I looked at this place and ran a mile - not because of the actual home, but wondered how the hell a bank manager managed to bankrole this place and have all the fittings that must have cost over $1m, excluding the home value. There was too much chance someone was gonna creep out of the woodwork and claim ownership due to some fraud shit or something in his background.

BTW - that bank was closed down in the end - there was some other shit he'd been up to as well.

I check mine every 6 months or so - the first time I seen it, I was shocked as well - it was when I was first starting out with rental properties

[email protected] and put 'advertising' in the subject

yep myfico is great

hahaha..