What's your FICO score? - Page 6

DonkeyKongSr · #51 05-10-2007, 12:55 AM

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Keep in mind the difference between 7% and 9% on $100,000 mortgage is about $140 a month for 30 years. Totaling about 50K.

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[censored] that is a lot of money. How can people afford to buy houses again?

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I dunno. In California, if that's accurate, that 2% difference likely means about $300K-$500K more over the life of the loan. That's [censored] sick.

Having good credit is a HUGELY important thing. I don't think this gets emphasized enough to the youth. With all those other lame orientation things they have for freshman in college, they seriously need to spend a few hours going over this [censored]. And they need to stop allowing those damn credit card companies to set up booths on campus giving away T-Shirts and crap in exchange for years of screwed up credit.

young Nut · #52 05-10-2007, 12:58 AM

where is a good site to get a free FICO score?

Pokeraddict · #53 05-10-2007, 01:12 AM

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where is a good site to get a free FICO score?

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Clark Howard always talks about www.myfico.com , just cancel before the 30 days. FWIW I believe 720+ is considered excellent. 678-680 is average.

mdeck · #54 05-10-2007, 01:26 AM

You're required to be given a free credit report from each of the three bureau's every year. The gvt-contracted site to do this is https://www.annualcreditreport.com/ IIRC

Pokeraddict · #55 05-10-2007, 01:36 AM

Do these give scores and reports? I was under the impression you only got a report.

jumpthru · #56 05-10-2007, 04:02 AM

Question: Is there ANY disadvantage to paying the minimum payment instead of paying in full (besides the obvious answer that you will pay more in interest). Does not paying in full, affect your credit score, or have any negative impact?

Question 2: Does bouncing a check have any impact on your credit score?

Pokeraddict · #57 05-10-2007, 04:13 AM

1. Your balances affect your credit score. The more money you owe the more risk you are. Once you have paid the card off it actually looks better though as your report will show your high balance.

2. Only if you don't pay it.

x2ski · #58 05-10-2007, 04:16 AM

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Do these give scores and reports? I was under the impression you only got a report.

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Just the report.

theblackkeys · #59 05-10-2007, 05:32 AM

780! A lot better than I thought.

Someone please bump this in a couple of weeks so I don't forget to cancel my free trial at myfico.com.

jkpoker · #60 05-10-2007, 07:01 AM

mines been over 800 for about 6 months. been steady at 804 and bumped to 805 last couple