/biz/ - Business & Finance

>>201121
I don't B)

Great. What does that allow you to purchase, exactly? A poorfag with a good credit score is still a poorfag.

>>201163
Some employers do credit checks now. Getting a security clearance is heavily dependent on your credit. Helps for getting approved for loans and credit cards obviously but more importantly gets your lower interest rates. There are a few other things I cant remember right now. Basically it makes you look good in a lot of situations.

What the hell is a credit score.

>>201121
proud of something you have to pay to pay for things

740 with 18k in school loans
Fuck paying back the loans asap. Reinvesting the money to make a higher return and gain the tax credits from loan payments

It's about 760-770.

Recently got an interest rate that's basically nothing on my auto loan. feels good man

I honestly don't know how people manage to have a lower rating than 700. Just pay your obligations, it's not that hard

feels good man

663. All I have is student loans that I don't have to pay back yet and I am getting my first credit card next week, so hopefully my score will improve over the next 1.5 years I still have left of uni.

>>201121

>Not getting a good credit score, then savagely burning every bank that will lend you money

>>201814
I don't have any obligations though, I pay everything in full. I guess i'll have to use a credit card for small purchases until I get my credit rating up

>>202113
paying your bills on time is a good way to build credit too, gas electricity internet stuff like that.

Just tried to open my first bank account yesterday, and was told my credit score is 561.
Fuck me, I didn't even know I had any credit.

>>202555
That's fucking funny

>>202555
Do your parents influence your credit card rating?

What's a credit score?
Is that some american-only inside joke?

>>202591
>Do your parents influence your credit card rating?

how does that work

>>202489
Thats only IF the companies you use report to credit bureaus. Most don't. Learn how credit works. Most utility companies only deal with your credit if you're several months late.

>>203152
It is a financial statistic which reduces your interest rates.

While a video game character might have a strength stat which lets him carry more loot, ameriburgers have a credit score stat which lets them borrow more money more cheaply.

>>202591
Not unless they cosign or back you up in a similar way.

>>201121
567
>thank you horrible 18yr old decisions

746 with no debt and relatively short history

Feels swell, mang.