How to build credit with a credit card
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Nick1994
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Originally Posted By: Mr Nice
Originally Posted By: Nick1994
I probably was unable to get approved for anything in the past because I wasn't working, I'm a college student. I just got a job so I'm sure that would help with applications for new cards. I've tried department store cards and gas station cards,maneuver approved.
I checked my credit a few weeks ago on Credit Karma. 580 because I've never used my credit, although I have $5500 in student loans and it says I've made 18/18 payments on time for them (I've never made a payment for them though, as I'm still a student). Maybe after a few months of using this card I'll apply for a regular credit card as well.
How is your wife's credit ?
Well, I'm 21 & a college student, not married.
Originally Posted By: Nick1994
I probably was unable to get approved for anything in the past because I wasn't working, I'm a college student. I just got a job so I'm sure that would help with applications for new cards. I've tried department store cards and gas station cards,maneuver approved.
I checked my credit a few weeks ago on Credit Karma. 580 because I've never used my credit, although I have $5500 in student loans and it says I've made 18/18 payments on time for them (I've never made a payment for them though, as I'm still a student). Maybe after a few months of using this card I'll apply for a regular credit card as well.
How is your wife's credit ?
Well, I'm 21 & a college student, not married.
Hi Nick - I spent 17 years working for credit card banks. I worked in Fraud Prevention and later in Fraud Investigation.
Here are a few things I wish someone had told me when I was your age.
Credit cards and the FICO scoring system are designed to abuse you and turn you into a debt serf. A late payment will drop your score way out of proportion. The dropped FICO can trigger punitive interest rates of 30 percent or more! Credit card companies can and will alter the cardholder agreement at will, and this will most likely NOT be in your favor.
I suggest you do the following:
Get a $500 or lower credit limit conventional card. Some secured cards show up as secured on your credit report. Get setup for autopay so you NEVER EVER miss a payment. Use the card to buy a tank of gas or groceries each week. NEVER EVER carry a balance, that is how they rip you on finance charges. Never let the balance get higher than you can pay off with money you have today. After two years of this, your FICO will skyrocket and the vultures will beg you to take on more cards and more credit. Check your FICO and get a free credit report annually. Monitor your account online to make very sure the payment posted, especially on a new account. I would never get a debit card because I worked debit card security. I have seen people threatened with eviction because a crook drained their checking account by cloning the debit card. Sometimes banks do not replace lost funds right away. If I seem to have a negative opinion of credit card banks, it is because I do
Good luck to you Tom
Here are a few things I wish someone had told me when I was your age.
Credit cards and the FICO scoring system are designed to abuse you and turn you into a debt serf. A late payment will drop your score way out of proportion. The dropped FICO can trigger punitive interest rates of 30 percent or more! Credit card companies can and will alter the cardholder agreement at will, and this will most likely NOT be in your favor.
I suggest you do the following:
Get a $500 or lower credit limit conventional card. Some secured cards show up as secured on your credit report. Get setup for autopay so you NEVER EVER miss a payment. Use the card to buy a tank of gas or groceries each week. NEVER EVER carry a balance, that is how they rip you on finance charges. Never let the balance get higher than you can pay off with money you have today. After two years of this, your FICO will skyrocket and the vultures will beg you to take on more cards and more credit. Check your FICO and get a free credit report annually. Monitor your account online to make very sure the payment posted, especially on a new account. I would never get a debit card because I worked debit card security. I have seen people threatened with eviction because a crook drained their checking account by cloning the debit card. Sometimes banks do not replace lost funds right away. If I seem to have a negative opinion of credit card banks, it is because I do
Good luck to you Tom
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Nick1994
$100 site donor 2024
Originally Posted By: Oldtom
Hi Nick - I spent 17 years working for credit card banks. I worked in Fraud Prevention and later in Fraud Investigation.
Here are a few things I wish someone had told me when I was your age.
Credit cards and the FICO scoring system are designed to abuse you and turn you into a debt serf. A late payment will drop your score way out of proportion. The dropped FICO can trigger punitive interest rates of 30 percent or more! Credit card companies can and will alter the cardholder agreement at will, and this will most likely NOT be in your favor.
I suggest you do the following:
Get a $500 or lower credit limit conventional card. Some secured cards show up as secured on your credit report. Get setup for autopay so you NEVER EVER miss a payment. Use the card to buy a tank of gas or groceries each week. NEVER EVER carry a balance, that is how they rip you on finance charges. Never let the balance get higher than you can pay off with money you have today. After two years of this, your FICO will skyrocket and the vultures will beg you to take on more cards and more credit. Check your FICO and get a free credit report annually. Monitor your account online to make very sure the payment posted, especially on a new account. I would never get a debit card because I worked debit card security. I have seen people threatened with eviction because a crook drained their checking account by cloning the debit card. Sometimes banks do not replace lost funds right away. If I seem to have a negative opinion of credit card banks, it is because I do Good luck to you Tom
Thank you so much for your help! I use my debit card for everything else, but will feel better putting a lot more on my credit card at stores where it'll be easier for thieves to steal the number.
Hi Nick - I spent 17 years working for credit card banks. I worked in Fraud Prevention and later in Fraud Investigation.
Here are a few things I wish someone had told me when I was your age.
Credit cards and the FICO scoring system are designed to abuse you and turn you into a debt serf. A late payment will drop your score way out of proportion. The dropped FICO can trigger punitive interest rates of 30 percent or more! Credit card companies can and will alter the cardholder agreement at will, and this will most likely NOT be in your favor.
I suggest you do the following:
Get a $500 or lower credit limit conventional card. Some secured cards show up as secured on your credit report. Get setup for autopay so you NEVER EVER miss a payment. Use the card to buy a tank of gas or groceries each week. NEVER EVER carry a balance, that is how they rip you on finance charges. Never let the balance get higher than you can pay off with money you have today. After two years of this, your FICO will skyrocket and the vultures will beg you to take on more cards and more credit. Check your FICO and get a free credit report annually. Monitor your account online to make very sure the payment posted, especially on a new account. I would never get a debit card because I worked debit card security. I have seen people threatened with eviction because a crook drained their checking account by cloning the debit card. Sometimes banks do not replace lost funds right away. If I seem to have a negative opinion of credit card banks, it is because I do
Good luck to you TomThank you so much for your help! I use my debit card for everything else, but will feel better putting a lot more on my credit card at stores where it'll be easier for thieves to steal the number.
Originally Posted By: eljefino
Why are people trying to manipulate their credit score into being better? I started with a stupid $500 unsecured card when I was 19 and got all the credit I ever wanted and a phenomenal score as well. It's just a thing that happens, don't try to get inside the banks' heads.
Buy everyday stuff on credit, pay the card off every paycheck using online banking so you don't get too deep in the hole. All the churning will hook you up.
Yep; it's not rocket science....
1) Don't carry a balance.
2) Use the card frequently
pretty soon, once they're satisfied you are responsible, your limit will go up and/or it will no longer be a secured card....continue in the same manner. Once your credit score is above 600 or 650, apply for another card.
The utility thing DOES work over time, your payment history for recurrent bills is factored into your score.
Just remember it won't happen immediately, but it WILL happen eventually.
What's your goal here?
Why are people trying to manipulate their credit score into being better? I started with a stupid $500 unsecured card when I was 19 and got all the credit I ever wanted and a phenomenal score as well. It's just a thing that happens, don't try to get inside the banks' heads.
Buy everyday stuff on credit, pay the card off every paycheck using online banking so you don't get too deep in the hole. All the churning will hook you up.
Yep; it's not rocket science....
1) Don't carry a balance.
2) Use the card frequently
pretty soon, once they're satisfied you are responsible, your limit will go up and/or it will no longer be a secured card....continue in the same manner. Once your credit score is above 600 or 650, apply for another card.
The utility thing DOES work over time, your payment history for recurrent bills is factored into your score.
Just remember it won't happen immediately, but it WILL happen eventually.
What's your goal here?
If you're in college get a card NOW before you graduate. They love college kids because they assume either daddy will bail you out or you'll get a "real job" sometime and charge up a storm before then in preperation.
Plus they get to capture a new market.
The app will have a space for "student." When I was in school there were credit card recruiters on campus often.
Plus they get to capture a new market.
The app will have a space for "student." When I was in school there were credit card recruiters on campus often.
Try Capital One for a normal credit card. They are about the easiest card to get. Credit cards are one piece, car loans are another and mortgages a third. At this point you might be able to get a car loan as its secured. Keep in mind everytime you apply for credit is a "hard pull" on your credit report. They stay on for 2 years.
The is another factor that is length of credit. So if you have 2 credit cards for a year, your length of credit is 12 months. Add a 3rd credit card a year after you got the first two, your length drops from 12 to 8.
The is another factor that is length of credit. So if you have 2 credit cards for a year, your length of credit is 12 months. Add a 3rd credit card a year after you got the first two, your length drops from 12 to 8.
Originally Posted By: Nick1994
Well, I'm 21 & a college student, not married.
Don't be in such a hurry to get yourself on the debt treadmill. You're already $5500 in the hole and still in school.
Why were't you working until now? I worked part time all through college. My 15 year old niece is in high school and works part time.
FICO scores, CC cards and all, while important, and useful are ultimately set up to get people to spend more than they can afford. Be careful, never, ever charge more than you can pay off in full at the end of the month.
Read "Oldtom's" post again, lots of good info there.
Well, I'm 21 & a college student, not married.
Don't be in such a hurry to get yourself on the debt treadmill. You're already $5500 in the hole and still in school.
Why were't you working until now? I worked part time all through college. My 15 year old niece is in high school and works part time.
FICO scores, CC cards and all, while important, and useful are ultimately set up to get people to spend more than they can afford. Be careful, never, ever charge more than you can pay off in full at the end of the month.
Read "Oldtom's" post again, lots of good info there.
Nick1994
$100 site donor 2024
Originally Posted By: Rock_Hudstone
Originally Posted By: Nick1994
Well, I'm 21 & a college student, not married.
Don't be in such a hurry to get yourself on the debt treadmill. You're already $5500 in the hole and still in school.
Why were't you working until now? I worked part time all through college. My 15 year old niece is in high school and works part time.
FICO scores, CC cards and all, while important, and useful are ultimately set up to get people to spend more than they can afford. Be careful, never, ever charge more than you can pay off in full at the end of the month.
Read "Oldtom's" post again, lots of good info there.
I haven't needed a job. I still don't, but it looks good on my resume and it's a decent job. I work on the IT Help Desk for [removed] part time.
I thought I was gonna need the student loan money and got it and stuck it in my savings account, that was in September and I haven't touched a dime of it. I just finished my Associate's degree and am starting at the university next month. I don't think I'll need any student loans throughout college.
I just have the money sitting in there for a rainy day and I could repay it back today. I'm real level headed when it comes to finances, I'm not a frivolous spender, drive an old beater, and won't keep a dime on my credit card.
Originally Posted By: Nick1994
Well, I'm 21 & a college student, not married.
Don't be in such a hurry to get yourself on the debt treadmill. You're already $5500 in the hole and still in school.
Why were't you working until now? I worked part time all through college. My 15 year old niece is in high school and works part time.
FICO scores, CC cards and all, while important, and useful are ultimately set up to get people to spend more than they can afford. Be careful, never, ever charge more than you can pay off in full at the end of the month.
Read "Oldtom's" post again, lots of good info there.
I haven't needed a job. I still don't, but it looks good on my resume and it's a decent job. I work on the IT Help Desk for [removed] part time.
I thought I was gonna need the student loan money and got it and stuck it in my savings account, that was in September and I haven't touched a dime of it. I just finished my Associate's degree and am starting at the university next month. I don't think I'll need any student loans throughout college.
I just have the money sitting in there for a rainy day and I could repay it back today. I'm real level headed when it comes to finances, I'm not a frivolous spender, drive an old beater, and won't keep a dime on my credit card.
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Originally Posted By: VeeDubb
The key is to never have late payments. At minimum, make the minimum payments on time. Then over time as your credit improves, start applying for other credit cards to build your credit capacity. Aim for reward cards (with no annual fees) in particular because you reap benefits.
You can be late ... provided you phone the CC issuer FIRST, and let them know what is going on. They may allow you to skip the payment altogether, although probably this won't be offered more than once a year. Regardless, they really like it when you keep them informed.
It may be different in the US but in Canada CC companies don't report an account 30 days past due to the credit reporting agencies. If you are 60 days past due, it goes on your Credit Report, though.
You could try applying for a Gas Company card, and pay it off every month. They are relatively easy to get approval, although the interest rate is higher. I would suggest that over a store card, which is easier to get into trouble with in my opinion, and has high interest.
Wait 6 months after you were approved for the card you now have before you apply for anything else. Every time someone (bank, business) access your Credit Report it degrades your credit rating, so applying for multiple cards is a mistake. (This is a bit in your future, but if you buy a house and choose to go through a Mortgage Broker, be sure the broker doesn't shop your loan in such a way that multiple lenders get a credit report at the same time).
The key is to never have late payments. At minimum, make the minimum payments on time. Then over time as your credit improves, start applying for other credit cards to build your credit capacity. Aim for reward cards (with no annual fees) in particular because you reap benefits.
You can be late ... provided you phone the CC issuer FIRST, and let them know what is going on. They may allow you to skip the payment altogether, although probably this won't be offered more than once a year. Regardless, they really like it when you keep them informed.
It may be different in the US but in Canada CC companies don't report an account 30 days past due to the credit reporting agencies. If you are 60 days past due, it goes on your Credit Report, though.
You could try applying for a Gas Company card, and pay it off every month. They are relatively easy to get approval, although the interest rate is higher. I would suggest that over a store card, which is easier to get into trouble with in my opinion, and has high interest.
Wait 6 months after you were approved for the card you now have before you apply for anything else. Every time someone (bank, business) access your Credit Report it degrades your credit rating, so applying for multiple cards is a mistake. (This is a bit in your future, but if you buy a house and choose to go through a Mortgage Broker, be sure the broker doesn't shop your loan in such a way that multiple lenders get a credit report at the same time).
The CC companies want you to be late so they charge you a $20 late fee. The credit report won't pick up late payments until they're 30 days behind. At 16 days behind you'll get a phone call from the company wanting to know what's going on.
Using a credit card can help your credit If you establish on time payments over 6 months especially. When the account posts to your credit you will get a credit score increase. Try to use less than 30% (i think 24% or less is the sweet spot) of the total amount of credit card(s) limit. You score will suffer if you have them maxed out.
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Worry about paying it off monthly and on time not about what percentage of your limit your spending initially. If you have $400 in expenses spend up to but not over the limit, you'll start getting periodic bumps. If you don't, don't overspend to bump the limit.
Keep in mind every hard pull that gets denied will work against your next application. If you want another card, in addition to the store cards I'd look at cards specifically targeting students, the lack of income will work against you when applying for other cards.
Keep in mind every hard pull that gets denied will work against your next application. If you want another card, in addition to the store cards I'd look at cards specifically targeting students, the lack of income will work against you when applying for other cards.
Originally Posted By: Nick1994
I haven't needed a job. I still don't, but it looks good on my resume and it's a decent job. I work on the IT Help Desk for Swift Transportation part time.
I thought I was gonna need the student loan money and got it and stuck it in my savings account, that was in September and I haven't touched a dime of it. I just finished my Associate's degree and am starting at the university next month. I don't think I'll need any student loans throughout college.
I just have the money sitting in there for a rainy day and I could repay it back today. I'm real level headed when it comes to finances, I'm not a frivolous spender, drive an old beater, and won't keep a dime on my credit card.
Okay, sounds good.
I haven't needed a job. I still don't, but it looks good on my resume and it's a decent job. I work on the IT Help Desk for Swift Transportation part time.
I thought I was gonna need the student loan money and got it and stuck it in my savings account, that was in September and I haven't touched a dime of it. I just finished my Associate's degree and am starting at the university next month. I don't think I'll need any student loans throughout college.
I just have the money sitting in there for a rainy day and I could repay it back today. I'm real level headed when it comes to finances, I'm not a frivolous spender, drive an old beater, and won't keep a dime on my credit card.
Okay, sounds good.
Originally Posted By: Nick1994
You guys have a lot more experience than I do with credit stuff. I'm 21 and trying to build credit, I always get denied for a regular credit card so I applied for a Bank of America secured credit card and was approved, got the card last week. I put $400 in for basically the deposit. I'm unsure of how much to put on this every month? Some people say 30% others say 50%. I'll be paying it off every month and will never carry a balance. I'm considering upping the limit already, I've just got to put more in for the deposit, no big deal.
What percentage of it do I use? Any other tips?
Thanks.
Cancel it and get your money back. Debt is stupid.
You guys have a lot more experience than I do with credit stuff. I'm 21 and trying to build credit, I always get denied for a regular credit card so I applied for a Bank of America secured credit card and was approved, got the card last week. I put $400 in for basically the deposit. I'm unsure of how much to put on this every month? Some people say 30% others say 50%. I'll be paying it off every month and will never carry a balance. I'm considering upping the limit already, I've just got to put more in for the deposit, no big deal.
What percentage of it do I use? Any other tips?
Thanks.
Cancel it and get your money back. Debt is stupid.
Originally Posted By: Jarlaxle
Cancel it and get your money back. Debt is stupid.
What's stupid is your comment. It's possible to use a credit card without going into debt at all. It's only bad for irresponsible people with no self control. I've used credit cards for years, never went into debt for them, never paid a penny in interest, currently have 5 cards, and my credit score is over 750.
Nick, keep your utilization as low as possible. Under 30% is good, but even lower is even better. My utilization is typically 5% or less. To keep utilization down, pay the card down before the billing cycle is over. The credit bureaus only see your final balance when the billing cycle ends. So even if you racked up a ton of charges, the credit bureaus will never know about it if you paid them off before the billing cycle ends.
To make sure you can pay off the balance in full, pretend you're writing a check: If you don't have the money in your checking account to buy something, then don't buy it. If you do have the money, and you decide to buy the item, then set that money aside in your checking account, as if you're expecting the "check to clear." Then when it comes time to pay the card off, use that money you set aside for it.
Cancel it and get your money back. Debt is stupid.
What's stupid is your comment. It's possible to use a credit card without going into debt at all. It's only bad for irresponsible people with no self control. I've used credit cards for years, never went into debt for them, never paid a penny in interest, currently have 5 cards, and my credit score is over 750.
Nick, keep your utilization as low as possible. Under 30% is good, but even lower is even better. My utilization is typically 5% or less. To keep utilization down, pay the card down before the billing cycle is over. The credit bureaus only see your final balance when the billing cycle ends. So even if you racked up a ton of charges, the credit bureaus will never know about it if you paid them off before the billing cycle ends.
To make sure you can pay off the balance in full, pretend you're writing a check: If you don't have the money in your checking account to buy something, then don't buy it. If you do have the money, and you decide to buy the item, then set that money aside in your checking account, as if you're expecting the "check to clear." Then when it comes time to pay the card off, use that money you set aside for it.
I don't trust autopay that's initiated from the credit card side. Providing them my checking account number doesn't seem secure.
Instead, what I do is to use online banking to pay the CC balance due plus $20-30. By exceeding the balance due, I've already made the minimum payment for the following month. So if I forgot to pay, there is no late payment. In reality I've never forgotten to pay a card in 20+ years, but better safe than sorry
Instead, what I do is to use online banking to pay the CC balance due plus $20-30. By exceeding the balance due, I've already made the minimum payment for the following month. So if I forgot to pay, there is no late payment. In reality I've never forgotten to pay a card in 20+ years, but better safe than sorry
Originally Posted By: Jarlaxle
Cancel it and get your money back. Debt is stupid.
I presume you are a renter? You either rent or get mortgage and payoff. I am living in a nearly paid off home at age 44 because of 3% down loan at age 21 on a starter property in the right town sold 2.5 times price and then in normal home.
Cancel it and get your money back. Debt is stupid.
I presume you are a renter? You either rent or get mortgage and payoff. I am living in a nearly paid off home at age 44 because of 3% down loan at age 21 on a starter property in the right town sold 2.5 times price and then in normal home.
Originally Posted By: Nick1994
I probably was unable to get approved for anything in the past because I wasn't working, I'm a college student. I just got a job so I'm sure that would help with applications for new cards. I've tried department store cards and gas station cards,maneuver approved.
I checked my credit a few weeks ago on Credit Karma. 580 because I've never used my credit, although I have $5500 in student loans and it says I've made 18/18 payments on time for them (I've never made a payment for them though, as I'm still a student). Maybe after a few months of using this card I'll apply for a regular credit card as well.
It's because you're *** broke with no credit history, without a real job, earning wayyyy less then your student loan requires.
Let me simply this for you:
You want a $1million dollar house. You have $995,000 in the bank. But no real job.
Guess what? The bank isn't going to give you a penny with an "unstable income". Even though you can cover 95% of the purchase price. You need a real, full-time job, with at LEAST a year's history, before someone even remotely reputable is going to give you any sort of real credit.
So instead of dithering on how to make a numeric value - your credit score - go artificially up, focus on getting secure employment, with a real wage, in a non-basket-weaving business.
This thread to me of a certain political party affiliation where certain folks talk about how "smart" they were to get an RSP loan at 1%, while the bank pays back 2%...
Ignoring their line of credit at 9% worth ten times the yearly RSP contribution.
Seriously folks, you are, in fact, NOT more intelligent than banks, no matter how many times a certain wing of government would have you believe!
I probably was unable to get approved for anything in the past because I wasn't working, I'm a college student. I just got a job so I'm sure that would help with applications for new cards. I've tried department store cards and gas station cards,maneuver approved.
I checked my credit a few weeks ago on Credit Karma. 580 because I've never used my credit, although I have $5500 in student loans and it says I've made 18/18 payments on time for them (I've never made a payment for them though, as I'm still a student). Maybe after a few months of using this card I'll apply for a regular credit card as well.
It's because you're *** broke with no credit history, without a real job, earning wayyyy less then your student loan requires.
Let me simply this for you:
You want a $1million dollar house. You have $995,000 in the bank. But no real job.
Guess what? The bank isn't going to give you a penny with an "unstable income". Even though you can cover 95% of the purchase price. You need a real, full-time job, with at LEAST a year's history, before someone even remotely reputable is going to give you any sort of real credit.
So instead of dithering on how to make a numeric value - your credit score - go artificially up, focus on getting secure employment, with a real wage, in a non-basket-weaving business.
This thread to me of a certain political party affiliation where certain folks talk about how "smart" they were to get an RSP loan at 1%, while the bank pays back 2%...
Ignoring their line of credit at 9% worth ten times the yearly RSP contribution.
Seriously folks, you are, in fact, NOT more intelligent than banks, no matter how many times a certain wing of government would have you believe!
Nick1994
$100 site donor 2024
Originally Posted By: firemachine69
Originally Posted By: Nick1994
I probably was unable to get approved for anything in the past because I wasn't working, I'm a college student. I just got a job so I'm sure that would help with applications for new cards. I've tried department store cards and gas station cards,maneuver approved.
I checked my credit a few weeks ago on Credit Karma. 580 because I've never used my credit, although I have $5500 in student loans and it says I've made 18/18 payments on time for them (I've never made a payment for them though, as I'm still a student). Maybe after a few months of using this card I'll apply for a regular credit card as well.
It's because you're *** broke with no credit history, without a real job, earning wayyyy less then your student loan requires.
Let me simply this for you:
You want a $1million dollar house. You have $995,000 in the bank. But no real job.
Guess what? The bank isn't going to give you a penny with an "unstable income". Even though you can cover 95% of the purchase price. You need a real, full-time job, with at LEAST a year's history, before someone even remotely reputable is going to give you any sort of real credit.
So instead of dithering on how to make a numeric value - your credit score - go artificially up, focus on getting secure employment, with a real wage, in a non-basket-weaving business.
This thread to me of a certain political party affiliation where certain folks talk about how "smart" they were to get an RSP loan at 1%, while the bank pays back 2%...
Ignoring their line of credit at 9% worth ten times the yearly RSP contribution.
Seriously folks, you are, in fact, NOT more intelligent than banks, no matter how many times a certain wing of government would have you believe!
Wow. Somebody woke up on the wrong side of the bed.
Originally Posted By: Nick1994
I probably was unable to get approved for anything in the past because I wasn't working, I'm a college student. I just got a job so I'm sure that would help with applications for new cards. I've tried department store cards and gas station cards,maneuver approved.
I checked my credit a few weeks ago on Credit Karma. 580 because I've never used my credit, although I have $5500 in student loans and it says I've made 18/18 payments on time for them (I've never made a payment for them though, as I'm still a student). Maybe after a few months of using this card I'll apply for a regular credit card as well.
It's because you're *** broke with no credit history, without a real job, earning wayyyy less then your student loan requires.
Let me simply this for you:
You want a $1million dollar house. You have $995,000 in the bank. But no real job.
Guess what? The bank isn't going to give you a penny with an "unstable income". Even though you can cover 95% of the purchase price. You need a real, full-time job, with at LEAST a year's history, before someone even remotely reputable is going to give you any sort of real credit.
So instead of dithering on how to make a numeric value - your credit score - go artificially up, focus on getting secure employment, with a real wage, in a non-basket-weaving business.
This thread to me of a certain political party affiliation where certain folks talk about how "smart" they were to get an RSP loan at 1%, while the bank pays back 2%...
Ignoring their line of credit at 9% worth ten times the yearly RSP contribution.
Seriously folks, you are, in fact, NOT more intelligent than banks, no matter how many times a certain wing of government would have you believe!
Wow. Somebody woke up on the wrong side of the bed.
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