What's your credit rating?

[Hugh R]

Based on another thread about Creditkarma.com, I went ahead and checked. Mine isn't as good as I thought it would be. What's yours?

[cantdrv55]

When you do one of these things, does it count as an inquiry?

[Ferraripete]

hugh I think you are quite fine. I suspect you are like me and buy things w/ cash and not credit. the rating system prefers you buy w/ credit and pay back in full at the end of each payment cycle.

that said, I don't think you have any issue w/ your 815 score!!

I hope you are well!?

best,

Peter

[Ferraripete]

Originally Posted by cantdrv55

When you do one of these things, does it count as an inquiry?

no.

[aigel]

Anything high 700s and up is the same from what I have seen in terms how it affects your ability and cost to get a loan. And it really only matters if you need a loan. Haha!

G

[porsche4life]

Mid 700s here.

Had someone call the other day wanting to go look at houses. Sure thing, let's get you prequaled with a lender and make sure of your budget.

Lender calls me up and is like dude... 460 FICO! How does it even get that low? Needless to say, we didn't go look at houses.

[sc_rufctr]

Regardless of your score "they'll" lend money to just about any idiot out there regardless of past deeds.

Like 18 months after going bankrupt I see a guy in leased, $80,000 car.
.... Then a few years later he's got a mortgage on a very nice house. How does that work?

[Porsche-O-Phile]

Honestly I don't care anymore. I have my house and I never take car loans. I have a credit card with decent terms. I don't really need or want credit as I don't really want any more monthly payments on anything. Eff the whole game. I could care less what my FICO is anymore. At one time I was a 780, but am likely less now just because I refuse to let the banking industry dictate how I live my life.

I don't consider the measure of a man to be his FICO score. Sad that so many people do.

[onewhippedpuppy]

My wife and I are right in the same ballpark, I think I'm 800 and she's 815. It probably doesn't help that our only debt is the house and we have only one credit card that we pay off every month. My goal is for it to eventually be zero because I haven't used credit in such a long time that they have no history. Once we pay off this house, the plan is to never borrow for another.

[Baz]

IMHO, your FICO score does not 100% reflect the kind of person you are, it is a measuring stick of how well you have handled borrowing - so there's that.

I recognize that if you don't borrow you won't have much of a score but just about everyone at some point in their life has a mortgage and at least one credit card.


My FICO is 812, according to my Discover Card statement.

[gamin]

Wife and I are 800+. Like Porsche-O-Phile could care less. House paid for. Zero debt. Pay cash for just about everything including cars. Credit card for internet purchases. You can get discounts for cash purchases at some retail stores. All you have to do is ask. Don't see where we will ever take out a loan again, never ever.

[911dean]

I bought a new truck a couple of days ago, I'm at 815.

[mreid]

There are many strategies for actively managing your credit score, including logic for some people to keep it low.

[pete3799]

Had not checked mine in a long time......I got an 811

[yetibone]

Low 800's. I found out when I switched insurance co's, and my new agent told me what mine was, with a bit of amazement. I was duly amazed as well.

[widebody911]

[fintstone]

Originally Posted by porsche4life

Mid 700s here.

Had someone call the other day wanting to go look at houses. Sure thing, let's get you prequaled with a lender and make sure of your budget.

Lender calls me up and is like dude... 460 FICO! How does it even get that low? Needless to say, we didn't go look at houses.

I am curious about this. When I bought my current house, I saw it listed on Zillow. I did my research and decided to buy it. I had my wife (who has a real estate license in another state but does not practice now) call the listing realtor (o speakerphone) to set up an appointment to see it. She told her we wanted to buy it...but wanted to see the inside first (sometimes photos don't show everything as they may be old, etc.). The realtor wanted an application, a contract with SSN to pull a credit check and then would show me the house only if I would spend the day (or more) looking at a bunch of other houses that cost less.

We told her that we did not want another house. We knew exactly what was on the market and specifically wanted to buy that only that one and we would come up with whatever money/financing we needed if we did decide to buy it. Without even knowing who we were, she refused to show it to us...and actually had the nerve to tell us that "we could not afford it". Thinking that absurd, I called another realtor and told her what happened and asked her to show it. She called the listing realtor who did not want let her to show it to us either. The new realtor had to threaten this one a bit to get to show it (some sort of ethics thing). We saw the house the next day and bought it...but I was so mad that I played serious hard ball and ended up paying a lot less than I would have. In the end, it cost the seller money and our realtor got a nice commission for showing us one house (about a half hour's work). The listing realtor missed out on a nice commission.

My question is...do you not show houses to people who will not let you make a credit check or agree to spend much more time with you than they want to as this lady did? I had never had that situation before. Personally, My credit is almost 850, but I don't like to give out my SSN unless I am ready to purchase something. I also do not like the person I am buying something from to know how much money I have (I had enough in my account to pay cash, full asking price, for the home (around $600K), although I did want to get a VA loan (and did)...and wanted to make a lower offer (and did). I think it irrelevant if I can easily afford something or not. That should not effect the price...although it seems to.

This was not my first rodeo, as I have bought at least a dozen homes (I own seven right now)...but, previously I had to fight off realtors who wanted to show me homes whether I wanted to see them or not. Is this a new trend?

[Ferraripete]

Originally Posted by fintstone

I am curious about this. When I bought my current house, I saw it listed on Zillow. I did my research and decided to buy it. I had my wife (who has a real estate license in another state but does not practice now) call the listing realtor (o speakerphone) to set up an appointment to see it. She told her we wanted to buy it...but wanted to see the inside first (sometimes photos don't show everything as they may be old, etc.). The realtor wanted an application, a contract with SSN to pull a credit check and then would show me the house only if I would spend the day (or more) looking at a bunch of other houses that cost less.

We told her that we did not want another house. We knew exactly what was on the market and specifically wanted to buy that only that one and we would come up with whatever money/financing we needed if we did decide to buy it. Without even knowing who we were, she refused to show it to us...and actually had the nerve to tell us that "we could not afford it". Thinking that absurd, I called another realtor and told her what happened and asked her to show it. She called the listing realtor who did not want let her to show it to us either. The new realtor had to threaten this one a bit to get to show it (some sort of ethics thing). We saw the house the next day and bought it...but I was so mad that I played serious hard ball and ended up paying a lot less than I would have. In the end, it cost the seller money and our realtor got a nice commission for showing us one house (about a half hour's work). The listing realtor missed out on a nice commission.

My question is...do you not show houses to people who will not let you make a credit check or agree to spend much more time with you than they want to as this lady did? I had never had that situation before. Personally, My credit is almost 850, but I don't like to give out my SSN unless I am ready to purchase something. I also do not like the person I am buying something from to know how much money I have (I had enough in my account to pay cash, full asking price, for the home (around $600K), although I did want to get a VA loan (and did)...and wanted to make a lower offer (and did). I think it irrelevant if I can easily afford something or not. That should not effect the price...although it seems to.

This was not my first rodeo, as I have bought at least a dozen homes (I own seven right now)...but, previously I had to fight off realtors who wanted to show me homes whether I wanted to see them or not. Is this a new trend?

flint, that would have made me furious. to have a realtor (most but not all are just one peg above used car salesmen!) tell you you can't afford it? not sure I would have handled it with the obvious grace that you did.

I had a similar incident occur at foreign cars italia when they opened the Ferrari dealership in charlotte a young punk of a salesman spent about 2 minutes with me showing me around before telling me that it sounded like I was not the type to be a Ferrari owner. funny because I own two. I quickly corrected him and gave him a lesson about being quick to pre-qualify his prospects then helped him understand (just a bit on the abrasive side) that he would never be selling me nor anyone in my circle anything much less a Ferrari.

I hope you are well my friend!

PCB

[fintstone]

Originally Posted by Ferraripete

flint, that would have made me furious. to have a realtor (most but not all are just one peg above used car salesmen!) tell you you can't afford it? not sure I would have handled it with the obvious grace that you did.

I had a similar incident occur at foreign cars italia when they opened the Ferrari dealership in charlotte a young punk of a salesman spent about 2 minutes with me showing me around before telling me that it sounded like I was not the type to be a Ferrari owner. funny because I own two. I quickly corrected him and gave him a lesson about being quick to pre-qualify his prospects then helped him understand (just a bit on the abrasive side) that he would never be selling me nor anyone in my circle anything much less a Ferrari.

I hope you are well my friend!

PCB

Maybe it was just good reverse psychology as I was really determined to buy the house after being dissed...just to prove my point. But, it did certainly cost her money.

When I was a young man, I went to a dealer to buy a new Triumph TR8. I had cash and was ready to buy that day and drive it home (I had just received a military reenlistment bonus and had been saving every penny). I am sure I looked quite young and not especially affluent...so the salesman came out insulted me and the car I drove up in (which I had no intention of trading). I thanked him and walked away, very much peeved.

That night, my neighbors in the next apartment kept us up all night with loud music. I knocked on the wall at 2AM and about half a dozed bikers showed up at my door wanting to fight. Since I wad a broken arm in a sling from shoulder to fingertip...I chose not to come out...and seriously started considering a better neighborhood. We used the money as a down payment on our first house the next day. It was a much better choice (we still own it and rent it out).

I ratted the biker crowd out (as the reason we were moving out) and they were evicted.

I am doing great my friend. I hope you are as well.

[widgeon13]

Never checked, what difference does it make for someone 68 yo and a bad attitude.