Be Careful Where you use your credit card.... - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 28 (permalink) Old 04-27-2010, 02:50 PM Thread Starter
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Be Careful Where you use your credit card....

I think I posted this before...but was just chatting with somebody that just had a card cancelled...
Shopping at (evil) walmart (and other discounters) can affect your credit worthiness and your credit score.

http://www.thedebtgazette.com/2009/0...-credit-score/

I always use cash or debit anyways, except online, but this might be helpful for some, especially now that creditors are getting even more finicky.

i have zero outstanding credit debt

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post #2 of 28 (permalink) Old 04-27-2010, 02:52 PM
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Re: Be Careful Where you use your credit card....

Wow. That's ridiculous.

But I have ZERO outstanding credit debt as well!!!


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post #3 of 28 (permalink) Old 04-27-2010, 02:57 PM
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Re: Be Careful Where you use your credit card....

:x

When I read your first line I thought no way can this be true. That is just fucking insane, and more evidence showing why the financial sector needs more regulation and oversight. This shit should not be allowed to continue.



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post #4 of 28 (permalink) Old 04-27-2010, 02:58 PM
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Re: Be Careful Where you use your credit card....

fuck off... really? How can shopping at Wal-Mart affect your credit score? As long as you pay it off, it shouldnt affect it at all.


Either way, I love being completely debt free.


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post #5 of 28 (permalink) Old 04-27-2010, 03:00 PM
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Re: Be Careful Where you use your credit card....

[quote author=casey.weber link=topic=171615.msg3635534#msg3635534 date=1272394729]
Either way, I love being completely debt free.
[/quote]

ME TOO! it's awesome!!!


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post #6 of 28 (permalink) Old 04-27-2010, 03:11 PM
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Re: Be Careful Where you use your credit card....

i hate credit scores....it is a completely ambiguous number that completely controls your life...and you cant even see it for free...you have to pay to monitor it...and on top of that there are really 3 different credit scores....this is retarded...really another reason why i dont have a credit card and will only finance large purchases


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post #7 of 28 (permalink) Old 04-27-2010, 03:16 PM Thread Starter
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Re: Be Careful Where you use your credit card....

you can get your score for free once a year. it's the law.

http://www.ftc.gov/bcp/edu/pubs/cons...dit/cre34.shtm

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post #8 of 28 (permalink) Old 04-27-2010, 03:16 PM
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Re: Be Careful Where you use your credit card....

[quote author=John_in_the_LBC link=topic=171615.msg3635573#msg3635573 date=1272395792]
you can get your score for free once a year. it's the law.
[/quote]

Your credit report, yes. Your credit score, no.
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post #9 of 28 (permalink) Old 04-27-2010, 03:22 PM Thread Starter
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Re: Be Careful Where you use your credit card....

[quote author=casey.weber link=topic=171615.msg3635534#msg3635534 date=1272394729]
fuck off... really? How can shopping at Wal-Mart affect your credit score? As long as you pay it off, it shouldnt affect it at all.


Either way, I love being completely debt free.
[/quote]

some credit card companies determine your credit worthiness depending on your shopping habits.
for example, if your credit usage spikes quickly, or you go from shopping at expensive places to discount stores, this can indicate (to them) financial difficulties (even if you are paying your monthly bills).

in any case, they can lower your limit, which affects your debt to credit ratio, which can affect your credit score.

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post #10 of 28 (permalink) Old 04-27-2010, 03:24 PM Thread Starter
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Re: Be Careful Where you use your credit card....

[quote author=fatabbot link=topic=171615.msg3635574#msg3635574 date=1272395815]
[quote author=John_in_the_LBC link=topic=171615.msg3635573#msg3635573 date=1272395792]
you can get your score for free once a year. it's the law.
[/quote]

Your credit report, yes. Your credit score, no.
[/quote]

sorry, you're right...but at least it's only 8 bucks.

2006 Whitewater Pearl Mazda 3 S GT Hatch: Garage Vary Valiant Lip, Grill and Eyelids : Custom JL/Alpine Audio : MazdaSpeed Accessory Springs and Swaybars : JDM MazdaSpeed Strut Bar : Koni Yellows : 5Zigen Pro Racer zr520 : Continental ExtremeContact DW : Buddy Club Condenser : XE Pedals : Black Rays Lugs : HP Tint : Stubby :
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