How do I build my credit without loan?

**nFiniteTuning** · 01-31-2005, 05:25 PM

Originally Posted by wizardPC

again, tell me how you had a credit rating of 720 when you were 17? How's that work exactly?

Never said my car was perfect, just that it's PAID FOR!

I'm not saying anything is wrong with your car. I actualy like the SC2's. But I'm saying every car is going to have its problems.

I dont know anything about credit, except that I need it. I took out a few loans, paid them off either ahead of time or on time. I just recently checked out my credit history, and my credit peaked at one time at 720. Then when I went and got approved for the Scion tC...I had a score of 698....then when I went to get approved for a RX8, they rejected me for 25k...and showed me that I have a score of 598 right now. And they told me that it will drop with inactivity. Its just regular credit, not automotive credit. I dont have bad credit, I just have low credit.

**cbergeron** · 01-31-2005, 05:26 PM

That's impossible. I don't think it's possible to have a 700+ with less than 7 years of credit history.

If you log onto yahoo credit manager and get your reports, it will tell you the things that raise and lower your score. I _just_ hit the 7 year mark, and my credit rating shot up nicely.

Also, another factor that affects your score is the debt/income ratio, and having high-balance account(s).

**jjh221** · 01-31-2005, 05:27 PM

yeah 720 is high. I had 712 6 months ago. Now its down to 598 like yours because of stupid credit card company. Will take me from a week to 60 days to get it fixed. Or if i keep *****ing about it. Any ways 800 is perfect credit. The only way you will obtain credit it by paying money or cheating at it. What ever way you do it, it will take time. How old are you? dont waste your money on a car right now and get stuck with it like a dumb ***. Save your money and invest it in something you know and believe in.

Oh and they dont make perfect cars because we are not perfect and wheres the money in something that never needs to be fixed? we live in a stupid world. Suck it up and stick with what ya got. Ya dont need anything else.

**nFiniteTuning** · 01-31-2005, 05:37 PM

I started at 17...and I'm 20 now. Around the time I turned 19 is when my credit score was 720. and 6 months later it was 698 and now its 598. I have no issues on my credit meaning - something or whatever, Everything was paid on time and paid off. I have no debts....

I think the vehicle I "want" is a great investment, Its an aniversary car, a special edition car, and the last generation of its kind...

**jjh221** · 01-31-2005, 05:37 PM

and hey im not trying to be an *** i just dont want to see anyone make a mistake like i have. Plus i try not to buy anything that loses value. until i can afford to waste money...

**nFiniteTuning** · 01-31-2005, 05:39 PM

Originally Posted by jjh221

and hey im not trying to be an *** i just dont want to see anyone make a mistake like i have. Plus i try not to buy anything that looses value. until i can afford to waste money...

I know.

**Laidback** · 01-31-2005, 05:43 PM

Originally Posted by jjh221

and hey im not trying to be an *** i just dont want to see anyone make a mistake like i have. Plus i try not to buy anything that loses value. until i can afford to waste money...

Don't knock it! Wasteing money is what most of us are best at!!!

**jjh221** · 01-31-2005, 05:46 PM

Originally Posted by Laidback

Don't knock it! Wasteing money is what most of us are best at!!!

sure makes for a complete carputer.

But if i were you nFinite, id get a credit card and use it for gas and other things in small amounts. Mostly because you will only get a credit limit of prob 200-300 right now. That is if you can get a credit card with your credit. Then pay the min. monthly payment due. Or you could cheat. But thats not the best thing to do.

If you do apply for one and dont get it. Do not apply for another one. To many credit pulls can also hurt your credit.

**nFiniteTuning** · 01-31-2005, 05:49 PM

Originally Posted by Laidback

Don't knock it! Wasteing money is what most of us are best at!!!

But isn't wasting money to you, still concidered someone else's treasure? Think about it, think about our main hobby here...Carputers..Spending the money to build a bad *** carputer system that makes our car like a space ship..and we'll spend any ammount of money for it...But other people see it as a huge waste of money. My oldest brother, he's obsessed with having the best of the best in computer hardware. a few months ago he bought a MSI Neo mainboard and the best 64 bit amd cpu you can get...a month later there was the MSI Neo2 and a better cpu...he bought that too...he constantly spends his money to have the best, because its his hobby, his obsession...but to alot of people, thats a major waste of money.

**nFiniteTuning** · 01-31-2005, 05:51 PM

Originally Posted by jjh221

sure makes for a complete carputer.

But if i were you nFinite, id get a credit card and use it for gas and other things in small amounts. Mostly because you will only get a credit limit of prob 200-300 right now. That is if you can get a credit card with your credit. Then pay the min. monthly payment due. Or you could cheat. But thats not the best thing to do.

If you do apply for one and dont get it. Do not apply for another one. To many credit pulls can also hurt your credit.

I like that idea...alot!