Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

I finally have a credit score

I finally have a credit score

Old Nov 27th 2005, 5:00 pm
  #1  
BE Forum Addict
Thread Starter
 
Joined: Jul 2002
Location: Arizona
Posts: 3,113
Pimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond reputePimpbot has a reputation beyond repute
Default I finally have a credit score

Just did the annual free report and then paid $6.95 to Equifax to get the actual score and I'm 700 plus. Not bad considering I haven't had my secured card quite 6 months and the new car only got put on in august.

Yeh! I'm somebody again in the eyes of lenders.
Pimpbot is offline  
Old Nov 27th 2005, 6:12 pm
  #2  
Ping-ponger
 
dunroving's Avatar
 
Joined: Jul 2002
Location: Dreich Alba
Posts: 11,964
dunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond reputedunroving has a reputation beyond repute
Default Re: I finally have a credit score

Originally Posted by Pimpbot
Just did the annual free report and then paid $6.95 to Equifax to get the actual score and I'm 700 plus. Not bad considering I haven't had my secured card quite 6 months and the new car only got put on in august.

Yeh! I'm somebody again in the eyes of lenders.
Yeehaw!!! Spend, spend, spend! Live the American dream! SUV's! Holidays! Large screen TV's!! XBox!

No, I know you have better sense than that.
dunroving is offline  
Old Nov 28th 2005, 4:52 pm
  #3  
 
Joined: Oct 2002
Posts: 1,750
Chorlton is an unknown quantity at this point
Default Re: I finally have a credit score

Originally Posted by Pimpbot
Just did the annual free report and then paid $6.95 to Equifax to get the actual score and I'm 700 plus. Not bad considering I haven't had my secured card quite 6 months and the new car only got put on in august.

Yeh! I'm somebody again in the eyes of lenders.

Now you just need to work on the APRs. I hate to think what the APR might be with a bad credit score
Chorlton is offline  
Old Nov 28th 2005, 4:54 pm
  #4  
Account Closed
 
Joined: Sep 2005
Posts: 8,271
Angry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to behold
Default Re: I finally have a credit score

Originally Posted by Chorlton
Now you just need to work on the APRs. I hate to think what the APR might be with a bad credit score
our 1st mortgage was acquired with a fico of 720 after 6 months here and we got 5.35%
Angry White Pyjamas is offline  
Old Nov 28th 2005, 5:03 pm
  #5  
Back where I belong!
 
Partystar's Avatar
 
Joined: Aug 2005
Location: Melbourne, Oz to Banbury, England to El Mirage, AZ & now back to England!
Posts: 5,989
Partystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond repute
Default Re: I finally have a credit score

Originally Posted by Angry White Pyjamas
our 1st mortgage was acquired with a fico of 720 after 6 months here and we got 5.35%
Nice!
Partystar is offline  
Old Nov 28th 2005, 5:16 pm
  #6  
 
Joined: Oct 2002
Posts: 1,750
Chorlton is an unknown quantity at this point
Default Re: I finally have a credit score

Originally Posted by Angry White Pyjamas
our 1st mortgage was acquired with a fico of 720 after 6 months here and we got 5.35%

Sure, mortgages are pretty easy to get, but I meant those 12% + credit card APRs. They think I'm going to call every six months to get it lowered?? F*** that. Especially when everyone offers 2-5% balance transfers! Why does it have to be so complicated?!
Chorlton is offline  
Old Nov 28th 2005, 5:28 pm
  #7  
Forum Regular
 
Joined: Nov 2005
Posts: 113
jamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud ofjamjar has much to be proud of
Default Re: I finally have a credit score

Originally Posted by Chorlton
Sure, mortgages are pretty easy to get, but I meant those 12% + credit card APRs. They think I'm going to call every six months to get it lowered?? F*** that. Especially when everyone offers 2-5% balance transfers! Why does it have to be so complicated?!
Ahhhh but doing the balance transfer thing can come back to bite you in the ass because if you open too many credit accounts it will lower your credit score. Even the ones that are paid off or closed stay on your credit report for 7 years.
When we found this out Hubby was paying 9% on bank credit so he called the bank and told them if he could get a lower rate that wasn't temporary he'd transfer other balances. They lowered the rate to 6%
jamjar is offline  
Old Nov 28th 2005, 5:33 pm
  #8  
Septicity
 
fatbrit's Avatar
 
Joined: May 2004
Posts: 23,762
fatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond reputefatbrit has a reputation beyond repute
Default Re: I finally have a credit score

Originally Posted by Pimpbot
Yeh! I'm somebody again in the eyes of lenders.
The only question would be: why did it take you so long to go and get it started?

I think it's something you should start in your first week or two here, not get round to after a year or two. Still, better late than never!
fatbrit is offline  
Old Nov 28th 2005, 6:29 pm
  #9  
Account Closed
 
Joined: Sep 2005
Posts: 8,271
Angry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to behold
Default Re: I finally have a credit score

Originally Posted by Partystar
Nice!
Played the game, did the initial very careful credit balancing act, then stepped up the credit little by little. Now we can play with the big(er) boys and manouver for better rates when we go shopping.
Angry White Pyjamas is offline  
Old Nov 28th 2005, 6:42 pm
  #10  
Back where I belong!
 
Partystar's Avatar
 
Joined: Aug 2005
Location: Melbourne, Oz to Banbury, England to El Mirage, AZ & now back to England!
Posts: 5,989
Partystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond reputePartystar has a reputation beyond repute
Default Re: I finally have a credit score

Originally Posted by Angry White Pyjamas
Played the game, did the initial very careful credit balancing act, then stepped up the credit little by little. Now we can play with the big(er) boys and manouver for better rates when we go shopping.
Us too, I've been working on it for 6 years, it's pretty good now. I brought it back from the dead, hubby had killed his credit by the time I met him. Silly hubby was a boy with no worries & no idea about how his lack of paying bills would impact his life down the road, it's a good job I came along when I did. I started doing all his accounts a couple of months after we started dating & it's a bloody good job I did.

I'm still in charge of all the money, he has no idea how much money we do or don't have, he doesn't even want to know!!!
Partystar is offline  
Old Nov 28th 2005, 10:32 pm
  #11  
Forum Regular
 
redlobster's Avatar
 
Joined: Jan 2005
Posts: 121
redlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to behold
Default Re: I finally have a credit score

We arrived here in Tampa exactly one year ago. We took out a small bank loan $5000,and it was put into a high intrest account. 3% lol. We have been paying it back for 9 months now. We also got a US credit card,and used it up to a third of its limit each month, then paid it off.
I have just done our first Fico score and it was 740. Not bad. But you do need to work at it, and not be tempted by to many cards, as this can bring your score back down.
Redlobster
redlobster is offline  
Old Nov 29th 2005, 12:42 am
  #12  
sas
Forum Regular
 
sas's Avatar
 
Joined: Mar 2004
Location: Scotland
Posts: 106
sas is just really nicesas is just really nicesas is just really nicesas is just really nicesas is just really nicesas is just really nicesas is just really nicesas is just really nicesas is just really nice
Default Re: I finally have a credit score

I hate to burst the bubble, but a decent credit score does notmean much if you don't have a good long credit history to back it up. Don't get me wrong having a decent score gets you in the door but.....
sas is offline  
Old Nov 29th 2005, 12:56 am
  #13  
Arrogant ****
 
dbj1000's Avatar
 
Joined: Jan 2004
Location: Plano, TX
Posts: 4,323
dbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond reputedbj1000 has a reputation beyond repute
Default Re: I finally have a credit score

Originally Posted by sas
I hate to burst the bubble, but a decent credit score does notmean much if you don't have a good long credit history to back it up. Don't get me wrong having a decent score gets you in the door but.....
...what? Would you elaborate?

What would I be getting if I had a good long credit history to back up my already good credit score?

Certainly I can see from my credit report that my credit score is being held back a little by my lack of credit history, but since it's already quite good enough to get me prime interest rates on loans, credit cards and a mortgage, what more can I expect once I have a more extensive history?
dbj1000 is offline  
Old Nov 29th 2005, 2:25 am
  #14  
Forum Regular
 
redlobster's Avatar
 
Joined: Jan 2005
Posts: 121
redlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to beholdredlobster is a splendid one to behold
Default Re: I finally have a credit score

Originally Posted by dbj1000
...what? Would you elaborate?

What would I be getting if I had a good long credit history to back up my already good credit score?

Certainly I can see from my credit report that my credit score is being held back a little by my lack of credit history, but since it's already quite good enough to get me prime interest rates on loans, credit cards and a mortgage, what more can I expect once I have a more extensive history?
Hear Hear..
Redlobster
redlobster is offline  
Old Nov 29th 2005, 11:16 am
  #15  
Account Closed
 
Joined: Sep 2005
Posts: 8,271
Angry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to beholdAngry White Pyjamas is a splendid one to behold
Default Re: I finally have a credit score

Originally Posted by dbj1000
...what? Would you elaborate?

What would I be getting if I had a good long credit history to back up my already good credit score?

Certainly I can see from my credit report that my credit score is being held back a little by my lack of credit history, but since it's already quite good enough to get me prime interest rates on loans, credit cards and a mortgage, what more can I expect once I have a more extensive history?
I think what he means is that a lot of lenders want to see 3 years or more of 3 or more revolving credit lines managed well before they will give you the good stuff in terms of credit cards, etc.

The other thing is a short credit history means that your score will ding more from things like credit checks than would a longer history.

So although an average FICO (700+) will mean lenders will be interested enough in you to not just ignore you completely you wouldnt get the real juicy stuff for another couple of years.
Angry White Pyjamas is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.