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So, yeah, I just checked my credit score and...
- Thread starter sawastea
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feisty11975
New member
sawastea said:I have a 780. Not sure why it isn't higher, but that's cool. No deliquent pmt's. I feel overjoyed, that I'm about to d/l porn when I get home and enjoy it over a glass of Pinot Noir and some Tortilla chips with salsa.
780 is a terrific score. It is not too often that I run across anyone with scores over 720 or so and I work in a lending institution..
You must not own any property.
Congrats bor, look forward to it going down for no reason.
Congrats bor, look forward to it going down for no reason.
pitbullstl
New member
MattTheSkywalker said:
Even with real estate and businesses, you can easily keep your score in the mid 700's.
hamstershaver
New member
string_bean00
New member
Can I find out my credit score without paying for it?
pitbullstl said:Even with real estate and businesses, you can easily keep your score in the mid 700's.
Maybe YOU can, but not I.
I pay off all my credit card balances the same month I use them. I have very high limits. From what I understand, having low balances on high limit cards lowers your score because it represents "potential" to take on a lot of debt. I have good credit, but not mid 700's. It doesn't matter, I have all of my arrangements through a bank our company deals with; we keep a lot of our business's cash there, so key people get prime rate on every product we need. You do this with your biz?
Also...if you are not aware...there is a program whereby you can get your credit report "sealed" so that potential creditors can't see it. No one can see it. You just live on a stated income basis. You looking into this? You might want to, especially if you get an insane amount of solicitations for shit.
feisty11975
New member
string_bean00 said:
yep, find someone you know who can pull credit. they will have to do a dummy application or something but it can be done. that is the only way.
the credit bureaus have to give you one per year but there are no scores on the free ones. you may even have to pay the credit bureau fee if you know someone who can pull it for you. make sure you get a tri-merge credit report so you know all 3 of your credit scores.
sawastea
Well-known member
patsfan1379
New member
holy fuck, sawastea can talk?!
chewyxrage
New member
jackangel said:
I have the exact same thing. 769 biatches!! lol
chewyxrage
New member
jnevin said:
I don't have a score in the 800's, I said 769.....
Seems like a high score, I'm not lying though, have no reason to. I've been paying off my balance every month for the last 6 years. I got my CC in highschool when I was a sophmoore. My limit started at $500 and now it's $15,000.
jnevin
New member
ChewYxRage said:I don't have a score in the 800's, I said 769.....
Seems like a high score, I'm not lying though, have no reason to. I've been paying off my balance every month for the last 6 years. I got my CC in highschool when I was a sophmoore. My limit started at $500 and now it's $15,000.
Sorry chewbaca, I meant Lestat.
enduser007
New member
there is a lot of BS on this board man. "even if youre in the real estate business, its easy to keep ur score in the 700's" GET THE FUCK OUTTA HERE!
all of you with the 750+ you MUST not have and home loans...car loans, recreational vechicle loans..such as boats and things, or even major credit card. maybe a house and a car..but thats about it.
mattheskeywalker: ur right man.
once u got a few properties in ur name..a few cars..some credit cards..even if you've never had a late payments EVER. you score will eventually fall under 700. thats my promise to ya.
DIV: bro, don't believe that shit. you MUST have credit in order to do anything these days. cars....and lil things like that can be purchased with cash. but what about when u want big things, and the best rates possible. there's HUGE difference in paying 5% for a long than paying say...7 or 8%.
you MUST keep ur credit score in check. dont ever get it checked by these online companies, they put u in their data base. this is nothing to be fucked with folks. go to a proper banker, make an appointment. they MUST provide u with a free credit report. most of them will do that because they want ur busines. have them explains what every line means and how to keep it in good standing and how to remove the BULLSHIT off ur report.
all of you with the 750+ you MUST not have and home loans...car loans, recreational vechicle loans..such as boats and things, or even major credit card. maybe a house and a car..but thats about it.
mattheskeywalker: ur right man.
once u got a few properties in ur name..a few cars..some credit cards..even if you've never had a late payments EVER. you score will eventually fall under 700. thats my promise to ya.
DIV: bro, don't believe that shit. you MUST have credit in order to do anything these days. cars....and lil things like that can be purchased with cash. but what about when u want big things, and the best rates possible. there's HUGE difference in paying 5% for a long than paying say...7 or 8%.
you MUST keep ur credit score in check. dont ever get it checked by these online companies, they put u in their data base. this is nothing to be fucked with folks. go to a proper banker, make an appointment. they MUST provide u with a free credit report. most of them will do that because they want ur busines. have them explains what every line means and how to keep it in good standing and how to remove the BULLSHIT off ur report.
enduser007 said:
Already looked in to it, holmes. I'm a military veteran, so I could get a VA home loan if I wanted, it cuts out alot of the bullshit closing costs and I can basically do what I want in terms of buying a home in the area I choose or have one build for me choosing a contractor.
To this point I've never needed credit.....not even for college. I'm paying my way through college.
DIV
pitbullstl
New member
jnevin said:
It doesn't get higher than 850 to my knowledge.
I own 3 homes, 5 businesses, and still maintain a 747 so anyone with an 832 has to be debt free and over 30 in my opinion.
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pitbullstl
New member
jackangel said:to all those with a higher score
my SAT score kicks your SAT score's ass.
Wanna bet...???
pitbullstl
New member
enduser007 said:
WRONG...
3 homes (paid cash for one)....never had a car loan (own car dealerships) and two credit cards.....and believe me it is possible to keep your score above 700.
marshallmadman
New member
Hell, people. Mine is 686, and I filed Chapter 13 Bankruptcy coming up on 3 years ago now. I didn't do any credit repair B.S. either. What can I do with a 686? Could I buy a house on this kind of credit, or are they going to climb up my ass with a microscope. This is something I've been very concerned about lately. Any help will get massive amounts of Karma! Like, I'm talkin' I'll hit ya more than once if I can.
vansmack2000
New member
www.annualcreditreport.comstring_bean00 said:
you have to cut and paste the link, this one is the ONLY government sponsored
site that has ALL 3 of the credit agencies. YOu get everything for free except
the actual fico score which is like $5
forgot to mention it depends on where you live, its not open to all people quite yet
enduser007
New member
pitbullstl said:WRONG...
3 homes (paid cash for one)....never had a car loan (own car dealerships) and two credit cards.....and believe me it is possible to keep your score above 700.
my point EXACTLY. you BARELY got two credit cards. most banks won't even talk to you if you don't have ATLEAST three major credit cards in good standing for the last 3-5 years. (i'm talking about good reputated banks with PRIME rates, not lil mom 'n pop shops).
you NEVER had a car loan. my point Exactly. you got 3 homes...only 2 of which you took out loans on. that's it. your credit is nothing my man.
there's no reason for ur credit to fall below 700.
in the creditor's eyes, you haven't yet proven to them that you can take out loans and have the ability and the consistent income to make payments on time over long periods of time.
when u got 6-7 properties on ur name..and ur doing a 1031 exchanges month after month, there's no way in hell you can keep ur credit score over 700. its just not possible.
pitbullstl
New member
enduser007 said:
WTF???
Hey slick, I have $5,000,000 line of credit. One CitiAdvantage American Airlines Card....and one Black AmEx.
Let's see.....a $2.2 million dollar home here in St. Louis, and another in Highland Beach Florida.
Not quite sure where it is you gather your facts, but keep checking. With my two measly credit cards, I can walk into any and all financial institutions and be approved for a Leer in about 5 minutes.
Oh yeah, and my credit score is a 747.....just like the jumbo jet I could purchase on credit if I so chose. Asshat.
pitbullstl
New member
sawastea said:
I own a few car dealerships.
AlphamaleStS
New member
AlphamaleStS
New member
Its all about debt to income ratio....dosent matter how many cc you have etc...
U
Ulcasterdropout
Guest
thanks for that karma message
don'rt rub it in...
don'rt rub it in...
patsfan1379
New member
I had a score in the mid 700's before I bought my car... Now I bought a condo... I'm sure it still aint up there!!!
pitbullstl said:
Not yet bor, on the jet.
Not yet. I think they're like $100M new. But I am impressed with a 747 score, because my real estate is similar to yours, I have similar limits, and I am in the upper 600s.
BTW I have the word of the developer that my place in WPB will be ready THIS MONTH. I know you just went to Bike Week - any FL trips planned in the near future? I am going to be down there a lot before it gets too too hot.
enduser007
New member
pitbullstl said:
u know what....i posted something on here. but I'm gonna edit it cuz i'd rather not say stuff on the net like that. congrats on everything you got bro. i wasn't trying to get personal. i aplogize if it hurt your ego. you probably worked very hard for everything u got. so congrats again.
i think ur too eager to show what u got and do all the 'big guy' talk thats why u didnt quite understand what i was saying.
we were talking about lending based on credit scores, and what kind of importance they hold. in that acpect of it, i'm 100% right. are there other means of getting a loan? absolutely. For 95% of the public, banks must review their credit history and lend to them accordingly.
as far as my reply about being in real estate and keeping a 700+ fico score. that's highly unlikely. everytime they check ur credit score it goes down by atleast 10 points. doesn't recover for like 6 months or so unless u get after them urself. so if a person is buying 10+ properties a year, shopping around for a decent rate every now and again...how is it that they can keep a 700+ fico?
you just took it too personal to realize what i was talking about, i was trying to stick to the topic of this thread. Not talking about alternative means of lending such as...credit lines for equity in businesses, homes, other investments etc.
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marshallmadman
New member
Not to hijack your little fued here, but I asked for help in a previous post. Since this is your game, and I offered a shitload of Karma for help, why ain't you helpin' me? It looks like you could use the Karma.
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enduser007
New member
you know what brother. I made a huge mistake by typing all of that. and i JUST edited the post. i'm so sorry that you got here before i got done editing my post. if you want u can delete my qoute from ur post. cuz i really dont think i want it on here.
i know i know i shouldn't have typed it. but as soon as i hit, "POST" i decided to edit it. i'm sorry man.
i know i know i shouldn't have typed it. but as soon as i hit, "POST" i decided to edit it. i'm sorry man.
enduser007
New member
u can go back and read my earlier reply now. i think it would make better sense about what this thread is about. sorry agian my friend.
pitbullstl
New member
enduser007 said:
Why edit, unless a figure is wrong there's never a reason to edit. Opinions are always welcome. At any rate, I didn't take it personally (it's the internet bro) and in fact I gave a very basic insight as to my finances, as the majority of my wealth is liquid not leveraged like most real esate types.
You may have decent handle on how lenders view people in the real estate arena, I however am a car dealer, and never made a claim to being in the real estate bizz. I do own other properties, but nothing I don't own outright other than the 3 homes mentioned. In terms of people in real estate or any leveraged business I can 100% understand why they would have trouble keeping a level score. With my business, everything is done with one bank and MAFS (Manheim Finance) , deals are closed on a phone call.
As for the 747 (the airplane) I was talking out of my ass.
I have no problems with first class. 
Unless of course there's money to be made on the deal.....that is afterall the name of the game.
pitbullstl
New member
tiger88 said:
You watch to much TV.
Celebrity status has nothing to do with it. You have to spend more than $100,000 a year on it, that's it.
enduser007
New member
pitbullstl said:Why edit, unless a figure is wrong there's never a reason to edit. Opinions are always welcome. At any rate, I didn't take it personally (it's the internet bro) and in fact I gave a very basic insight as to my finances, as the majority of my wealth is liquid not leveraged like most real esate types.
You may have decent handle on how lenders view people in the real estate arena, I however am a car dealer, and never made a claim to being in the real estate bizz. I do own other properties, but nothing I don't own outright other than the 3 homes mentioned. In terms of people in real estate or any leveraged business I can 100% understand why they would have trouble keeping a level score. With my business, everything is done with one bank and MAFS (Manheim Finance) , deals are closed on a phone call.
As for the 747 (the airplane) I was talking out of my ass.
that wasn't my reason to ask him to edit my qoutation. I didn't want to get into that kind of conversation over the internet because everyone's finances are different. and my post didn't quite agree with the topic of this thread, so i wanted to change it and re-word it somehow so its best suited for the person started the thread and not get in some kind of finances comparision with other posters. I misjudgement my ownself. got a lil butt-hurt when i read the "hey slick" and "check ur facts" comments. lol
pitbullstl said:You watch to much TV.
Celebrity status has nothing to do with it. You have to spend more than $100,000 a year on it, that's it.
its a 150,000
Yet for all of its snob appeal, the Centurion is still a thing of mystery. Though we located numerous references to it on the American Express web site, nothing we came across explicitly outlined its eligibility requirements or benefits. The card cannot be applied for; it is either proffered by AmEx or it is not. As to how the company decides whom it should offer the preferred plastic to, according to American Express their applications for Centurion cards are generally provided to customers who annually charge $150,000 or more to other AmEx cards. Centurion cards are not offered to anyone who has been a cardholder for less than a year.
how did u get one?
pitbullstl
New member
tiger88 said:
Nope it's $100,000, or at least that's what they told me. I had two AMEX's one for my business and one personal, I now just have one (Black) and I charge roughly $120,000 a year on it. As far as how I got it, two years ago they contacted me, that's it nothing more, nothing less.
T
The Shadow
Guest
KillahBee said:
that score would be like a 1400 now......revised scoring standards
bran987
New member
yep, italians get curved up killah, to account for the lack of questions with names you would understand i.e. Niccolo & Giovanni. Back then all the names were "Tom" and "Alice" and other incomprehensible white names. Now all the names are "Tyrone" and "Jose", so you probably still would've been confused today. someday they will recognize you. but yeah with that curve you would've scored just fine.The Shadow said:
pitbullstl said:
They've since raised it to $250,000/yr to get it, and you can't get it with a corporate card, unless you have an AMEX "small business" corporate card. I went through a lot of this shit when Visa started breaking my balls about charging construction supplies on the Visa. We were spending like $50K / month so I figured what the fuck, let's see if we can get the black Amex. But we use Amex as a corporate card, too. I'm still trying to work out that situation.
A 767 is about $100M, new. I'm not sure how much a 747 is.
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I think mine is 740 that is what they told me at bmw place. I can't believe I smartbuyed that car. But since I am making 12% on rental properties it would have been silly to pay cash since they are financing it at 7.2%. I bet it is lower now since I bought that car on credit and I got a dillards credit card so I could save 10% on some polo shirts I just bought.
What is the lowest score you can have and still buy a 70k sportscar? Anybody know?
What is the lowest score you can have and still buy a 70k sportscar? Anybody know?
T
The Shadow
Guest
curling said:
I think the most weighted factor is current salary and what %age the payments of the car would be as compared to the income
pitbullstl
New member
MattTheSkywalker said:They've since raised it to $250,000/yr to get it, and you can't get it with a corporate card, unless you have an AMEX "small business" corporate card. I went through a lot of this shit when Visa started breaking my balls about charging construction supplies on the Visa. We were spending like $50K / month so I figured what the fuck, let's see if we can get the black Amex. But we use Amex as a corporate card, too. I'm still trying to work out that situation.
A 767 is about $100M, new. I'm not sure how much a 747 is.
Again with the jet......lol.....I was talking out my ass bor.....Ambassador's Club is just fine by me.
As for my Amex, I have had it for two or three years, and it's the company's name. I know that when I got it, the previous years charges were just over $100k. This year I'm closer to two.
pitbullstl said:
I'm just fucking around on the jet bor, I remember this thread from way back. I read that some Russian oil dude bought a 767 for $100M.
AMEX has been increasing their strictness - it was $100K, they moved it to $150K and now to $250K, and it can't be a corporate card anymore except if a small business. I only know all this because my assistant was working on this like 2 days ago for me.
have a taco on me.
pitbullstl
New member
MattTheSkywalker said:I'm just fucking around on the jet bor, I remember this thread from way back. I read that some Russian oil dude bought a 767 for $100M.
AMEX has been increasing their strictness - it was $100K, they moved it to $150K and now to $250K, and it can't be a corporate card. I only know all this because my assistant was working on this like 2 days ago for me.
have a taco on me.
I had several fish tacos from Flaco's Taco's on Saturday......mmmmm.........tacos.
MattTheSkywalker said:I'm just fucking around on the jet bor, I remember this thread from way back. I read that some Russian oil dude bought a 767 for $100M.
AMEX has been increasing their strictness - it was $100K, they moved it to $150K and now to $250K, and it can't be a corporate card anymore except if a small business. I only know all this because my assistant was working on this like 2 days ago for me.
have a taco on me.
I would gladly make you both a taco.
ChefWide said:
Only time stands between you posting that and the realization of this taco.
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