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Old 11-28-2007, 06:49 PM
bluef0x bluef0x is offline
Senior Member
 
Join Date: May 2005
Location: Sacramento
Posts: 2,295
Default Re: How to build credit

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Why would you disclose such information if you are afraid of people "judging" you? I don't remember any conversation I've had where someone has said "I have 20 credit cards making me $8,000 a year" and I certainly wouldn't tell anyone about an app-o-rama if I ever did one

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Well if you feel it should be kept secret that implies there is something shameful. I don't believe in doing something that if it became public I'd be embarrassed.

Also it is on your credit report. So anyone with access to that will know. If you rent the landlord will know. Your bank will probably know. Somebody who is a few degrees of separation away from your group will know.

Mail gets delivered to the wrong address. I've received my neighbour's credit card statement and bank statement by mistake. People snoop when they come over so you'd basically have to be careful to never leave anything out.

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It really has nothing to do with making $500k or any amount. Assuming the individual wanted minimal risk they would make a 5-6% return. To make the $6k they would need $100k in credit. To get that much credit I assume they have to have considerably above average incomes.

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You seriously don't make sense. Not disclosing information doesn't mean you are embarrassed. I don't tell random people that I play poker, love hockey, and hate ketchup. Am I embarrassed by any of those? No.

How often do you talk to your landlord or bank teller? Not only that, but they see that you have a high amount of $ tied up.... IS THIS THE END OF THE WORLD? Are they going to publish your name in the local newspaper and label you a pedophile for being resourceful? I don't think you understand that the credit card companies are OFFERING 0% balance transfers. You aren't holding a gun to their head and raping every employee, they are willing to give you 0%.

Also, you don't need a high income to have high credit. I don't even have an income and have a high amount of credit. How does having no income and high credit fit into your theory?

It's so hard to understand how someone can be as stupid as you. "$16/day is worth nothing!#!~" How much do you make? If it's $500,000, that's less than a $1/minute. Are you telling me picking up 10 dimes off the ground every minute is worth it?
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