Author Topic: Whats ewer credit score?  (Read 2861 times)

Silver Mercenary

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Whats ewer credit score?
« on: November 15, 2017, 02:37:41 pm »
I finally got mine to 755 after several years. 750+ is excellent

I missed 2 mortgage payments recently, because my rates went up ( iwasnt aware), and I had it on autopay.

so I was paying less than what was due, and my credit went down a whopping 73 pts. I think thats a bit irrational for missing 2 payments
Meat IS Murder. How can you have any pudding, if you don't eat your meat?

Gooey

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Re: Whats ewer credit score?
« Reply #1 on: November 15, 2017, 06:03:37 pm »
Equifax = 806
TransUnion = 811

My FICO score fluctuates between 793 and 821 because of my student loans.

You get dinged when youíre late paying on any loan, so make a habit of paying all your bills on a specific day. I usually sit down and pay all my bills on the 11th of every month online.

SpaceMonkey

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Re: Whats ewer credit score?
« Reply #2 on: November 15, 2017, 07:49:18 pm »
I'm at 400. I was laid off for 5 months. But I'm coming back!

MUFDVR

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Re: Whats ewer credit score?
« Reply #3 on: November 16, 2017, 07:19:30 am »
816, 814 and 810. 

It went down to 720ish last year because I was paying everything with cash and not using any credit.   Kinda messed up the way that works.
I mongered Dillver's mom.

Silver Mercenary

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Re: Whats ewer credit score?
« Reply #4 on: November 16, 2017, 05:54:18 pm »
Those are some good scores..is there a major diff in getting qualified for loans or better rates at the 800 levels?

I may have to make that my new goal..but not give a shit if 750-800+ is more of a cluster than a value

I noticed when I corrected the payment error..the score jumped from 682 to 755. 73 point spread for hypothetically missing 2 payments
Meat IS Murder. How can you have any pudding, if you don't eat your meat?

Ogre

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Re: Whats ewer credit score?
« Reply #5 on: November 17, 2017, 11:12:02 am »
Mine is crap right now, right around 600 I think.


Credit utilization is through the roof (80%+) due to a whole lot of unfortunate events over the past two years, and an expensive 10 year anniversary trip that went largely on credit and couldn't be paid quickly due to previously mentioned unfortunate events, and age of accounts has dropped since I re-organized some things. 


It's going to be a couple of years of pain to dig out.


That said, I'm actually acquiring wealth, finally. With home equity and savings, I'm net positive. I considered pulling some of that out to pay down debt, but it would require a re-mortgage at an unfavorable rate, or pulling from retirement savings with a penalty.

MUFDVR

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Re: Whats ewer credit score?
« Reply #6 on: November 17, 2017, 12:53:42 pm »
Those are some good scores..is there a major diff in getting qualified for loans or better rates at the 800 levels?


I really don't know.  I haven't applied for a loan in years.  The 720-740 range is where the magical "excellent" cutoff is.  I don't think there's any bonus to be being higher than that.
I mongered Dillver's mom.

Silver Mercenary

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Re: Whats ewer credit score?
« Reply #7 on: November 18, 2017, 06:43:20 am »
I guess at the end of the day credit score is moot unless you're ready to make a major purchase or employment.

Ogre where did u go on honey moon? I saw some pics of aurora borealis?

Here is range, I hear FICO is out the door and Vantage is the norm

Meat IS Murder. How can you have any pudding, if you don't eat your meat?

Ogre

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Re: Whats ewer credit score?
« Reply #8 on: November 20, 2017, 12:42:31 pm »
We toured the Pacific Northwest a bit and spent a week in Fairbanks, AK in March.

Pervarotti

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Re: Whats ewer credit score?
« Reply #9 on: November 20, 2017, 03:48:42 pm »
Mine is down from 800 last year to 756.    i have never ever paid anything late, but my student loans are starting to affect my credit.   i did not know it was possible. 

200k growing like a monster.  The comment is it appears I will have a very difficult time paying that high of an amount back.   It's only $1 in interest alone a month.  I can't even afford the interest once I pay all of my other bills. 


Gooey

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Re: Whats ewer credit score?
« Reply #10 on: November 20, 2017, 04:32:32 pm »
My interest on my student loans in like 80% of my monthly payment.

Pervarotti

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Re: Whats ewer credit score?
« Reply #11 on: November 21, 2017, 10:23:39 am »
Sorry I meant my interest is $1,000 a month.  I can't afford that at all.   

Captain Caveman

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Re: Whats ewer credit score?
« Reply #12 on: November 22, 2017, 06:40:29 am »
Damn. That's a bunch of money!!

I was fortunate. The military paid for about 50% of my school. I worked and my grandmother helped with the rest. I didn't have debt when I graduated.

Gooey

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Re: Whats ewer credit score?
« Reply #13 on: November 22, 2017, 10:07:16 am »
No doubt, thatís the bitch of student loans. It is not the principle amount, but the interest they bury you under, so that you never get out of the red. The only way to pay it off is to save money on the side while paying your monthly payments, then drop large sums on it to lower the principle.

I am fine paying my loan debt, but why is the interest on student loans so crippling as opposed to car loans, mortgages, etc.?

Captain Caveman

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Re: Whats ewer credit score?
« Reply #14 on: November 22, 2017, 07:14:53 pm »
What is the rate?