What is your credit score?

**bjl584** · 02-26-2013, 04:00 AM

780 last I checked.

**breathemusic** · 02-26-2013, 04:27 AM

I haven't gotten my score in about a year, but between the 3 agencies the average was about 775. I imagine that it's probably still about the same now.

**kork13** · 02-26-2013, 04:51 AM

When I bought my house in September, I think it was in the 760-780 range... I forget exactly. Honestly, I didn't really care too much, as long as it was high enough to get me a good rate on my mortgage (which it did). Realistically, as long as your credit score is above about 750, the exact number doesn't matter too much. It fluctuates almost daily anyway, and lenders only really care that you have a top-rated score (750+). Almost nobody actually had an 850 score. Don't stress about not being one of the (maybe) dozen in the world that does.

**JoeP** · 02-26-2013, 05:03 AM

It's pretty much a fact that most people need some form of credit, and the credit score is a factor.

But after a while, we should all get to a point where credit is unnecessary and even undesirable. When this happens, one's credit score becomes irrelevant because you'll be using cash.

**bjl584** · 02-26-2013, 05:07 AM

Originally posted by JoeP View Post

It's pretty much a fact that most people need some form of credit, and the credit score is a factor.

But after a while, we should all get to a point where credit is unnecessary and even undesirable. When this happens, one's credit score becomes irrelevant because you'll be using cash.

Some car insurance companies will set your rate based on your credit score. It's also becoming more common for potential employers checking a candidate's score before extending a job offer. So, your score is important even if you no longer have a need to take out loans.

**rennigade** · 02-26-2013, 05:31 AM

How many of these "whats your credit score" threads are there going to be?

Stop with the reposts.

**disneysteve** · 02-26-2013, 06:26 AM

I posted mine a while ago when we refinanced our mortgage. I think it was 815. I'd have to search back to find it but I'm pretty sure that was it.

**~bs** · 02-26-2013, 02:40 PM

Low, like around 700. Credit report dont take into co I sideration wheyher or not balances are paid monthly, only stmt balances. I charge most business purchases on the personal cards so my report shows 40 to 50k in debt despite the fact its paid off monthly.

**disneysteve** · 02-26-2013, 06:21 PM

Originally posted by ~bs View Post

Credit report dont take into co I sideration wheyher or not balances are paid monthly, only stmt balances.

That's true, but they do take into account whether or not you pay on time. They also take into account what percentage of your available credit you are using.

There is no negative impact to your score from using your credit cards as long as you pay the bill on time and don't charge more than 25-30% of your credit line.

**KTP** · 02-26-2013, 06:32 PM

We are about where disneysteve is....in the 810 to 815 range.

Probably because we use our credit cards like checks and money...pay them off each month and carry no balance. I haven't written a check in like 3 years...not even sure if I even still have checks left in my checkbook

I tried to put a new car on the CC but the auto dealer balked at having to pay the fee to the CC company. I was wanting the cash back on the $34,000 charge

**disneysteve** · 02-26-2013, 06:41 PM

Originally posted by KTP View Post

I haven't written a check in like 3 years

I wish I could manage that. There are still enough places that don't take credit cards (or charge a fee to do so) that it isn't feasible. I suppose I could set some of those places up as payees with online banking and send payments that way. I probably ought to do that. That wouldn't eliminate everything though. I still write 4-5 checks per month typically. Most go to our synagogue (which does accept CC but charges a fee). I also pay the landscaper by check. Then there are occasional school functions or youth group events for our daughter, gifts (weddings, Bar Mitzvahs), auto registration, etc.

**KTP** · 02-26-2013, 07:07 PM

Originally posted by disneysteve View Post

...Most go to our synagogue (which does accept CC but charges a fee)

Be awesome if God gave double miles!

**QuarterMillionMan** · 02-26-2013, 08:52 PM

Interesting information about payments via credit cards/cash/checks, etc. I just returned from a Los Angeles County library. I went to pick up tax forms (more economical for me to get it from the library than to print it from home). While at the library I inquired about getting a lost/replacement library card. They issued me a replacement card and the fee was $3. They would not accept a credit card payment, they only accepted cash or check payments. The library is either ingenious in that they won't pay the credit card fees to process such a credit card payment or way behind the times. My guess is that the library doesn't want to pay the credit card fees (ie, I believe Mastercard charges the merchant (library) a minimum of 3%). That 3% credit card fee can add up over time and I admire the County of Los Angeles not wanting to pay that additional fee it that is in fact the case.

**disneysteve** · 02-27-2013, 07:30 AM

Originally posted by QuarterMillionMan View Post

My guess is that the library doesn't want to pay the credit card fees (ie, I believe Mastercard charges the merchant (library) a minimum of 3%). That 3% credit card fee can add up over time and I admire the County of Los Angeles not wanting to pay that additional fee it that is in fact the case.

Absolutely. That's why some places, like our synagogue, charge a convenience fee for credit card transactions. Or why some gas stations charge more for paying with a credit card vs. cash.

I use my credit card for everything I possibly can but I refuse to pay for the privilege. If the cost isn't the same, I'll use cash or check to avoid the fee.

What is your credit score?