What is your credit score?

[QuarterMillionMan]

I was in the camp for many years, after listening to DR, that didn't care about my credit score. I still don't but it's good to know it's good. I was actually nervous about it leading up to our home purchase last year, and it was a smile-inducing experience when the loan officer ran my numbers for the first time and told me that my credit score was in the 92nd percentile.

Do I hear an echo in here? (lol)

[scottgriffin]

Got Credit Score?

The last I checked my credit score was 892 which is awesome! I always make sure I am making my payments before the actual due date. I pay things off very slowly so I can have it on my credit for a while which can be bad and good. It shows I am paying it off but not in a quick way though.

[DorindaD]

Low here, Last time i checked it was only 730. still rebuilding after i got cancer the bills crashed my credit rating.

[shaggy]

Mine's 811-815. I don't have any debt, pay all cards in full each month, and my credit history goes back 30 years.

[natewebco]

816. No debt other than mortgage. I use a credit card to pay for everything and pay it off every paycheck (twice per month).

[elfen lied]

A credit score is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information typically sourced from credit bureaus.

[elessar78]

I was in the camp for many years, after listening to DR, that didn't care about my credit score. I still don't but it's good to know it's good. I was actually nervous about it leading up to our home purchase last year, and it was a smile-inducing experience when the loan officer ran my numbers for the first time and told me that my credit score was in the 92nd percentile.

[~bs]

Guess it varies place to place. None of the stations do it around here. Although chevron gives you 5 cents cheaper by paying with a gift card (cash).

[disneysteve]

Normally the stations add 2-3% onto the price if you're paying by credit card but when Chase's card is offering 5% on gas purchases I'll use it and pay the higher price since I'd be getting back more than I'd be saving.

Same here, though I still try to stick with the stations that don't charge extra for credit just because I'm opposed to the practice. I'll do that even if it means paying a couple cents more.

[disneysteve]

Yeah. I wish the report only shows debt carried month to month

Theres no way the cc companies would extend enough credit to make a difference, that would be like 200k of unsecured credit, dont think my income is high enough for that. Lol

There really isn't any way for them to just report debt carried month to month. My balance is never zero because as soon as one billing cycle is over, the next begins and new charges accrue before I make my payment. I guess that's why they do it the way they do.

My combined credit limit on all of our cards is about 100K but we rarely charge more than about 4K in a month.

[kv968]

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.

Normally I'd refuse to pay for the privilege too but gas stations can be a different story at times.

Normally the stations add 2-3% onto the price if you're paying by credit card but when Chase's card is offering 5% on gas purchases I'll use it and pay the higher price since I'd be getting back more than I'd be saving.

[~bs]

That will affect your score. If you are concerned about the score, keep the charges lower or get your limit increased.

Yeah. I wish the report only shows debt carried month to month becaise if you charge 1k and pay it off monthly, its not really debt is it? I did refinance my home into a shorter term and lower rate. What I had to do was push down baalances on each card down to 0 before the stmt closing date. also had to swing 20k or so i hold in cash into the cc accounts. That pushed the score up by 40 pts or so for the refi. Theres no way the cc companies would extend enough credit to make a difference, that would be like 200k of unsecured credit, dont think my income is high enough for that. Lol

[disneysteve]

my report shows 50k of debt which is well over yoir 25%. My account has no deficiencies.

That will affect your score. If you are concerned about the score, keep the charges lower or get your limit increased.

[~bs]

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.

my report shows 50k of debt which is well over yoir 25%. My account has no deficiencies.

[disneysteve]

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.