I mowed my entire Backyard last evening and my Front thismorning!
On 2021-05-04 7:38 p.m., cshenk wrote:
> Graham wrote:
>
>> On 2021-05-04 9:20 a.m., Dave Smith wrote:
>>> On 2021-05-04 11:12 a.m., Sheldon Martin wrote:
>>>> On Tue, 4 May 2021 Dave Smith wrote:
>>>
>>>
>>>>> Some people can't. I had a good friend who owed so much his
>>>>> credit card that he had a hard time making the minimum payment.
>>>>> One of my nephews owed a lot and later told me it was over
>>>>> $30,000.Â* His parents helped him get it consolidated and a bank
>>>>> loan to pay off the credit cards. As soon as that was done he
>>>>> was out there charging up a storm again.
>>>>
>>>> Credit card companies set a limit on how much one can charge, the
>>>> most one can charge on plastic is about $15,000.Â* Get to half
>>>> that amount and they place a stop on the card and they phone you
>>>> at the register for approval.Â* I had my Visa set to a $10,000
>>>> limit.Â* Normal people don't want a high maximum, credit card
>>>> interest is absurdidly high.Â* I pay my Visa every month, I've
>>>> never paid any interest.Â* The main reason I have a credit card is
>>>> so I can make purchases on line.
>>>
>>>
>>> I doubt these guys only had one credit card.
>>>
>>> Normally I only use my credit card for a few things, like
>>> subscriptions. In days of yore it was a pain in the butt to write
>>> a cheque, so I used credit cards for convenience. It was easier
>>> than writing a cheque where you had to fill out all sorts of
>>> information and show multiple IDs. I occasionally used one if I
>>> wanted to buy something and we were a little short but had money
>>> coming in.Â* Now I use it for online purchases.Â* I always pay it
>>> off at the end of the month. AAMOF, my wife was at the bank to pay
>>> MasterCard yesterday. She had the statement but had the teller
>>> check the current balance and paid the extra.
>>>
>>
>> What I can't understand is that my credit rating, obtainable when I
>> do any online banking, has just dropped to just below 800. It usually
>> sits at 870 but should be 900 as I have no debts, apart from modest
>> credit card balances that I pay off promptly every month.
>
> Different systems. Mine does the 1-850 scale. I was riding at 841 for
> a long time then paid off the car and it dropped to 833. 'I didn't owe
> enough'. Now it's hampered but 13,500 or so owed on the house on a 33K
> loan. It will go lower when I pay that off as 'I don't owe anything'.
> Silly but humans figure it out.
>
Perhaps because you owe something. it means that to get that loan, you
are considered credit-worthy. Therefore your rating goes up:-)
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