Do You know yours?

[FROG MAN]

In todays economy if you want a job,loan,insurance,etc. It all may depend on your credit worthiness. Do you know your score? Here is an interesting comparison by state. Looks like Texas needs to sell those second gens and pay down some debt. Maybe get a first gen instead.

 

http://www.creditreport.com/info/credit-scores/average-credit-scores.asp

[Bubber]

I see that Minnesota is 707 (and in the lead)

because we are frugel........... ya go with that!

Not cheap. LOL

[Schlepporello]

I don't know how accurate the chart is, but if it IS correct that would explain to me why so many people have so much nicer stuff than I do when I work harder and make more mney than they do. While I'm currently only paying off one credit card, one pick-up and one personal loan, these other folks must be in debt to their eyeballs.

[FROG MAN]

It's like a juggling act to monitor your credit score. The guy who has no debt probably has a much lower score then the guy up to his eyeballs but can manage it. Banks want to see a high score and so don't auto insurance company's etc.If you have little credit history then you may have a low score.

[Schlepporello]

Oh we've got a high score all right. We try to pay out as much as we can when the monthly statements hit and we pay them on time. It's funny to me though. To me, we're knee deep in debt. But when I hear of other people's debts I wonder what prevents them from going bankrupt.

[FROG MAN]

The problem is not the people it's the lenders. I heard on the news a analyst talking about ninja loans. No Income,No Job, and No Assets but you still get the money. Some people will take it just because it's approved. Living with credit options is nice but living on credit is a disaster in the making.

[Venturous Randy]

Well, when you consider that to some people, they figure the amount of money they have in savings is the amount left on their credit card before it maxes out.

RandyA

[Redneck]

I don't know mine or if I even have one. If I can't pay for it in full I can't afford it. I can't even imagine financing anything other than a house.

[mtman]

Also puzzling, and with some exceptions, the lower scores are from the lower half of the states and the better scores are from the upper half. Not sure I have a clue why but I know wages are generally lower in the bottom half of the country. Just an observation

[Bubber]

I don't know mine or if I even have one. If I can't pay for it in full I can't afford it. I can't even imagine financing anything other than a house.

 

Not all people can pay cash for everthing. I subscribe to living within your means and not useing a credit card except when absolutly needed. Then pay it off at the end of the month.

I have heard of people with 40,000 dollars on their credit cards. How is that even possible? I don't spend what I don't have and can't afford.

 

Sometimes I just have to go without. Just life!

 

Steve

aka Bubber

[Dano]

We fell into that trap after I closed my business in 99. Wife forgot that the income changed, but her spending habits didn't. Got that taken care of, I haven't had a credit card in over 5 years. She has one in her name and can't pay it off. If I need something, I go do another side job!!! Agree with Redneck, and my dad. "If you don't have the money to pay for it, you don't need it!"

 

Dan

[Redneck]

Not all people can pay cash for everthing. I subscribe to living within your means and not useing a credit card except when absolutly needed. Then pay it off at the end of the month.

I have heard of people with 40,000 dollars on their credit cards. How is that even possible? I don't spend what I don't have and can't afford.

 

Sometimes I just have to go without. Just life!

 

Steve

aka Bubber

If people can't pay cash then they sure can't afford interest and extra insurance for the bank.

[Eck]

If people can't pay cash then they sure can't afford interest and extra insurance for the bank.

 

 

Ditto that !!!!!!!!!