Quote:
Originally Posted by huncho
ironically you need to take on debt to get into the highest tier of credit scores (800+). when i got out of college i couldn't get a credit card anywhere so i got a secured card from citi which is basically a prepaid card and was able to get a regular card after. i never missed a single payment and even paid in full every month, not just the last statement balance. i couldn't break mid 700s for 5 years until i took a car loan out last year and then i jumped from mid-high 700s to 850 in 2 months lol
you don't get rewarded for being clean in the US. the best part is that on my income the car loan i took out would be considered stupid by most people (and it is), yet it lets you beat the credit score game. go figure
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Yup… whenever I pull my report I always get nailed for not having any installment loans. That system is so very broken.
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