What is your available credit?

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Aug 21, 2017
5:41:22pm

Bert609 All-American

What is your available credit?

I could never seem to get.out of the 700s in credit score.

My BIL is in the 800s. The difference? I use two credit cards exclusively and he has a plethora of cards (open lines) that he doesn't use but are available.

I'd pay off the 4 runner after a few months of making interest payments and then open up more credit cards.

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Bert609

Bio page: Bert609
Joined: Oct 25, 2004
Last login: Apr 26, 2024
Total posts: 55,337 (25,372 FO)

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Messages

Author

Time

Financing/credit score question

valleus

8/21/17 5:24pm

I think you still need to make the 'minimum payment' each month even if you make

rggee

8/21/17 5:27pm

correct, but you'd only have a couple of months of remaining payments to make

scottpete

8/21/17 6:50pm

Check to see whether you must still make your same monthly payment

Tricky

8/21/17 5:27pm

Mine did.

Bert609

8/21/17 5:46pm

It wont work out like you think it will. Your monthly payment is ~$560. So you

BYUinTX

8/21/17 5:29pm

I think you are correct. They won't re-amortize it. But it won't matter

Negative Equity

8/21/17 5:47pm

Not sure it will help that much more than having a fully paid credit account.

boogers

8/21/17 5:31pm

That should work

Negative Equity

8/21/17 5:35pm

Or you could invest the $24k in Bitcoin Cash, and make standard payments

AF Cougar

8/21/17 5:40pm

What is your available credit?

Bert609

8/21/17 5:41pm

I don't know... I'm in the 800s and I only have 2 credit cards...

Hotty-Toddy-Reb

8/21/17 6:06pm

Jealous. One day, I want to join the 800 club.

Bert609

8/21/17 6:08pm

Yes. Combined I'm over 25k on those 2 cards.

Hotty-Toddy-Reb

8/21/17 6:44pm

RE: Yes. Combined I'm over 25k on those 2 cards.

valleus

8/21/17 7:30pm

I've got USAA as well. No idea what my credit limit is though.

colton

8/21/17 9:42pm

Doubt that's it. I only have two credit cards and am in the 800's

colton

8/21/17 9:41pm

Thanks

valleus

8/21/17 5:41pm

You don't need to do anything else to qualify for a mortgage. If your mortgage

Pick-Six Coug

8/21/17 6:08pm

Thanks, good to know

valleus

8/21/17 7:29pm

Update

valleus

8/23/17 4:11pm

Make sure the interest accrual is correct. Probably is tho'

boogers

8/23/17 5:01pm

Yes it reports as you suspect EXCEPT in the field where it states date of last

Pick-Six Coug

8/23/17 6:11pm

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