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#1
11-28-2007, 09:26 AM
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Re: How to build credit
Henry,
[ QUOTE ] You do realize you can't make an act less sketchy by pointing out that the person / company you are taking advantage of also engages in questionable behaviour. If you rob a drug dealer you are still a thief. [/ QUOTE ] it's not stealing because you are working within the system, and not breaking any rules. plus, we all know that robbing a criminal isn't as "sketchy" as robbing an old lady. [ QUOTE ] If this was an acceptable method of making money then high net worth individuals would take advantage of it. [/ QUOTE ] Right. The reason high net worth individuals don't take part is because its not "acceptable" because we never see high net worth individuals doing things that aren't acceptable. Nice connection you made there. [ QUOTE ] While I full realize it is legal it nevertheless has a tinge of impropriety. To me avoiding that is certainly worth considerably more than $6k. [/ QUOTE ] Do you play poker? [ QUOTE ] f $6k/year is worth that to most of the people in BFI [/ QUOTE ] I'm pretty sure nobody in BFI would turn down a free $6k. Obviously, not everyone is doing this and its not "free" because you're investing time, but $6k for what could amount to filling out some forms and keeping tabs, I'm pretty sure that if there was a laid out plan a lot would do this. [/ QUOTE ] [ QUOTE ] involved with sketchy actions [/ QUOTE ] You sure do love that word "sketchy" huh? So where do you draw the line? Say I have $5k on a credit card and I get an offer for 0% for 6 months and I transfer. Then, 5 months later, I get another offer for 0% and I transfer again. Am I wrong to do so? Am I just being "sketchy" and gaming the system? I'm screwing over the second CC company out the interest they deserve after they were so generous to give me 6 months at 0%! What about if a bank offers a extra 1% on CDs for people that have a checking account with them. Would it be wrong to open a checking account with them just to get the higher rate on the CD? I know you think that your stance is on some moral high ground, but in reality, it seems to be based on a pretty sketchy understanding of how this all works. 
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#2
11-28-2007, 10:14 AM
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Re: How to build credit
It has less to do with morality and more to do with self-respect. I know for a fact that doing something like this would make me feel like a complete failure. I enjoy spending money. I couldn't enjoy spending it if I knew I had to resort to a scam-like method to supplement it.
I also know that if I did something like this all my friends would judge me as I would judge them if they did something like this. You are thinking $6k. Reality is it is $16/day. That has zero impact on quality of life. If someone offered you $10k to wear a clown suit would you do it?
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#3
11-27-2007, 11:05 AM
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Re: How to build credit
[ QUOTE ]
I'd like to know some ways in which I can build a good credit rating. I've never had a cc or taken out a loan. I've never needed a cc and don't think I'll ever need one. I just want to get a good credit rating so that I can start doing the App-O-Rama. I'm intrigued by anything that involves legally making money without working. I've done some searching, and people recommend getting a cc where you deposit like $500 and then that's your credit limit. I'd rather not do that because I don't want to tie up $500 unnecessarily. I hope there's another way. [/ QUOTE ] Ron, You need pretty good credit to do an app-o-rama that is worth the effort. Check out your credit score on one of the sites. If it is good, apply for one credit card and begin charging and paying off the balance each month. Talking to your present bank was a great idea. They might be able to get you setup with a non-secured credit card right off the bat depending on your credit score. Everyone who is responsible with money should have a credit card. You are basically losing 1-2% on every transaction by paying cash or using a debit card.
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#4
11-27-2007, 11:10 AM
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Re: How to build credit
[ QUOTE ]
wtf are you two talking about? He's not talking about signing up for tons and getting free t-shirts, he will be making $$$. [/ QUOTE ] Yes so? You can make money doing a lot of things. Doesn't make it any less pathetic.
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#5
11-27-2007, 11:28 AM
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Re: How to build credit
[ QUOTE ]
[ QUOTE ] wtf are you two talking about? He's not talking about signing up for tons and getting free t-shirts, he will be making $$$. [/ QUOTE ] Yes so? You can make money doing a lot of things. Doesn't make it any less pathetic. [/ QUOTE ] You said "whatever free stuff you get" which implies a fundamental misunderstanding of what he was considering and how it works. I'm sorry that you're "above" interest free loans. How pathetic.
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#6
11-27-2007, 11:42 AM
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Re: How to build credit
It isn't just me. When this topic was discussed before I actually brought it up to get some opinions from my friends and they agreed. Pathetic might not have been the best choice of words but it is certainly bottom feeder behaviour. To get involved in all this for an extra $6k a year isn't worth it.
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#7
11-27-2007, 12:01 PM
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Re: How to build credit
[ QUOTE ]
To get involved in all this for an extra $6k a year isn't worth it. [/ QUOTE ] Henry, Lets just agree that you hate money.
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#8
11-27-2007, 12:05 PM
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Re: How to build credit
[ QUOTE ]
It isn't just me. When this topic was discussed before I actually brought it up to get some opinions from my friends and they agreed. Pathetic might not have been the best choice of words but it is certainly bottom feeder behaviour. To get involved in all this for an extra $6k a year isn't worth it. [/ QUOTE ] We are glad you and your friends do not wish to make thousands of dollars in risk free money each year. You guys are obviously too baller for this forum.
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#9
11-27-2007, 05:37 PM
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Re: How to build credit
[ QUOTE ]
It isn't just me. When this topic was discussed before I actually brought it up to get some opinions from my friends and they agreed. Pathetic might not have been the best choice of words but it is certainly bottom feeder behaviour. To get involved in all this for an extra $6k a year isn't worth it. [/ QUOTE ] Well excuse me, Mr. Gates, but us commoners in the 15% tax bracket consider $6K to be well worth a little effort. If you're so filthy rich and can't be bothered to make an extra $6K a year, then why did you bother to spend your precious valuable time responding to this thread?
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#10
11-28-2007, 11:13 PM
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Re: How to build credit
[ QUOTE ]
It isn't just me. When this topic was discussed before I actually brought it up to get some opinions from my friends and they agreed. Pathetic might not have been the best choice of words but it is certainly bottom feeder behaviour. To get involved in all this for an extra $6k a year isn't worth it. [/ QUOTE ] henry, i APPLAUD people who do stuff like this and just based on the law of averages i most likely have a > net worth than any of the friends you talked with. an extra 6k this year is an 'extra' 50k 25 years from now. the fact that it is 'extra' money makes it even more appealing. also if anybody 'found out' i was doing this and looked down on me i would just assume they are an idiot.
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