Quote from: cr1776 on August 05, 2014, 02:11:11 AM

Quote from: BitchicksHusband on August 04, 2014, 08:55:56 PM

Quote from: RodeoX on August 09, 2012, 05:28:07 PM

Quote from: URSAY on August 09, 2012, 04:51:13 PM

Quote from: Bees Brothers on August 08, 2012, 09:49:04 PM

Quote from: RodeoX on July 31, 2012, 06:07:04 PM

I just think it is sort of a sucker score.

Therefore a higher credit score just shows that you are losing money to the banks.

Get a credit card. Pay your balances in full, monthly, then there are NO FEES. Free credit score.

Free low credit score. Banks do not want you if you pay off with no fees. That's the thing, a high score means you will borrow more than you can pay off and will go into debt. The credit business is about getting you in debt, not lending you money.

Not true at all. At one point I wrote credit software for 5 years and I can tell you that I know EXACTLY how every action affects your score. Borrowing and paying off every month will get you a very high score.

This is correct. I use my card and pay it off each month in full so it is a zero interst loan with 1-2% cash back and in March this year it was 849/850.

Debt on cards is at too high a rate.

They want most people pay on time, so they will have a low risk income, but also want people that sometimes delay the payments, so they can charge more interests and gain with taxes.

I know some people that work in risk management for banks.

Maybe the attitude varies from bank to bank, or from country to country, or depends on the trust on the economy