Boredz V49 - Canucks optional :P - Page 326 : Suzuki GSX-R Motorcycle Forums: Gixxer.com
» Insurance
» Suzuki GSX-R Prices
» Sponsors
Go Back   Suzuki GSX-R Motorcycle Forums Gixxer.com > General Discussion > Anything Goes

Closed Thread
 
Thread Tools Display Modes
Old 12-04-2012, 07:05 PM   #6501
Goobersbro
Club Racer
 
Goobersbro's Avatar
 
Join Date: Feb 2011
Location: Nor-Cal
Motorcycle: 07 GSX-R 600
Posts: 3,152
Re: Boredz V49 - Canucks optional :P

Only way to get to a 830 credit score is to have a ton of money and if you have a ton of money you don't need credit.

When I talked to the loan specialist last year my credit was around 720 I started building credit at 16 and have never missed a payment. I have paid off 3 loans at this point.

Which the last loan I paid off and my credit didn't budge still hasn't credit is really stupid IMO how the whole thing is set up.

For instance paying off a mortgage early reflects bad upon your credit. That males zero sense to me
__________________
__________________
|^^^^^^^^^^^^^| |___
|. SUZUKI RACING.---| ||'|";,__.
|_..._...___________| ||_|_|...,]
"(@)'(@)""""*|(@)(@)******(@)
Goobersbro is offline  
Sponsored Links
Advertisement
 
Old 12-04-2012, 07:05 PM   #6502
Mr. Fluffer
Boredz Crackhead
 
Mr. Fluffer's Avatar
 
Join Date: Aug 2010
Location: Wrong Side of the Road
Motorcycle: K9 600
Posts: 11,508
Re: Boredz V49 - Canucks optional :P







Mr. Fluffer is online now  
Old 12-04-2012, 07:06 PM   #6503
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P

Quote:
Originally Posted by GSXR6Mac View Post
Damn man. Sounds like that storm did everyone in! Sorry to hear about the job loss, but at least you picked up another pretty quick. Hope shit turns around.
+1
93goatfucker04 is offline  
Old 12-04-2012, 07:07 PM   #6504
Mr. Fluffer
Boredz Crackhead
 
Mr. Fluffer's Avatar
 
Join Date: Aug 2010
Location: Wrong Side of the Road
Motorcycle: K9 600
Posts: 11,508
Re: Boredz V49 - Canucks optional :P



I can't wait to ride this place, and go over said jump in first gear, at a measly 3 MPH.
Mr. Fluffer is online now  
Old 12-04-2012, 07:07 PM   #6505
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P

Quote:
Originally Posted by Goobersbro View Post
Only way to get to a 830 credit score is to have a ton of money and if you have a ton of money you don't need credit.

When I talked to the loan specialist last year my credit was around 720 I started building credit at 16 and have never missed a payment. I have paid off 3 loans at this point.

Which the last loan I paid off and my credit didn't budge still hasn't credit is really stupid IMO how the whole thing is set up.

For instance paying off a mortgage early reflects bad upon your credit. That males zero sense to me
No kidding

Quote:
Originally Posted by GSXR6Mac View Post






Thats illegal in the USA isnt it?
93goatfucker04 is offline  
Old 12-04-2012, 07:10 PM   #6506
Mr. Fluffer
Boredz Crackhead
 
Mr. Fluffer's Avatar
 
Join Date: Aug 2010
Location: Wrong Side of the Road
Motorcycle: K9 600
Posts: 11,508
Re: Boredz V49 - Canucks optional :P

This one is for Joe. He's always talking about "Rubbing is racing, and close passes, etc".

Mr. Fluffer is online now  
Old 12-04-2012, 07:39 PM   #6507
Moto_Joe
Serial Comma Rapist Admin
 
Moto_Joe's Avatar
 
Join Date: Apr 2002
Location: Macon Ga
Motorcycle: 2006 GSXR 600 Racebike
Posts: 117,093
Quote:
Originally Posted by 93goatfucker04 View Post
No kidding



Thats illegal in the USA isnt it?
Not that I know of . Why would it be
Moto_Joe is offline  
Old 12-04-2012, 07:40 PM   #6508
Moto_Joe
Serial Comma Rapist Admin
 
Moto_Joe's Avatar
 
Join Date: Apr 2002
Location: Macon Ga
Motorcycle: 2006 GSXR 600 Racebike
Posts: 117,093
Quote:
Originally Posted by GSXR6Mac View Post
This one is for Joe. He's always talking about "Rubbing is racing, and close passes, etc".

. If I don't fit, force it
Moto_Joe is offline  
Old 12-04-2012, 07:46 PM   #6509
dylanjacobus
Club Racer
 
dylanjacobus's Avatar
 
Join Date: Sep 2008
Location: Northeast Kansas
Motorcycle: 2005 GSXR 1000
Posts: 1,959
http://www.gixxer.com/forums/showthread.php?t=345725

Oh my.
dylanjacobus is offline  
Old 12-04-2012, 07:51 PM   #6510
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P

Quote:
Originally Posted by Moto_Joe View Post
Not that I know of . Why would it be
A guy I was talking to a little while ago said it was because of the spikes on the tires being a danger but it was legal in canada Just what I was told by someone who could be completely wrong lol
93goatfucker04 is offline  
Old 12-04-2012, 08:04 PM   #6511
GriffinD
...just like sex with Shane
 
GriffinD's Avatar
 
Join Date: Oct 2008
Location: Strong Island
Motorcycle: 2006 GSXR 750 (street), 2007 GSXR 750 (track)
Posts: 12,038
Re: Boredz V49 - Canucks optional :P

GriffinD is offline  
Old 12-04-2012, 08:05 PM   #6512
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P

93goatfucker04 is offline  
Old 12-04-2012, 08:06 PM   #6513
GriffinD
...just like sex with Shane
 
GriffinD's Avatar
 
Join Date: Oct 2008
Location: Strong Island
Motorcycle: 2006 GSXR 750 (street), 2007 GSXR 750 (track)
Posts: 12,038
Re: Boredz V49 - Canucks optional :P

Quote:
Originally Posted by GSXR6Mac View Post
This one is for Joe. He's always talking about "Rubbing is racing, and close passes, etc".

Vale back on a Yamaha FTMFW
GriffinD is offline  
Old 12-04-2012, 08:36 PM   #6514
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P



93goatfucker04 is offline  
Old 12-04-2012, 08:49 PM   #6515
Mr. Fluffer
Boredz Crackhead
 
Mr. Fluffer's Avatar
 
Join Date: Aug 2010
Location: Wrong Side of the Road
Motorcycle: K9 600
Posts: 11,508
Re: Boredz V49 - Canucks optional :P

Quote:
Originally Posted by GriffinD View Post
Vale back on a Yamaha FTMFW
We will see.
Mr. Fluffer is online now  
Old 12-04-2012, 08:54 PM   #6516
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P

93goatfucker04 is offline  
Old 12-04-2012, 08:57 PM   #6517
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P

93goatfucker04 is offline  
Old 12-04-2012, 09:03 PM   #6518
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P



That has to be death for the pelican
93goatfucker04 is offline  
Old 12-04-2012, 09:06 PM   #6519
93goatfucker04
Sphincter Pincher
 
93goatfucker04's Avatar
 
Join Date: Jul 2011
Location: South Central Wiscanada?
Motorcycle: 04 GSX-R 600
Posts: 7,843
Re: Boredz V49 - Canucks optional :P

93goatfucker04 is offline  
Old 12-04-2012, 09:11 PM   #6520
Wag
Constantly in trouble now
 
Wag's Avatar
 
Join Date: Dec 2005
Location: Rio Rancho, NM
Motorcycle: '06 Gixxer 1000, Hayabusa
Posts: 16,003
Re: Boredz V49 - Canucks optional :P

What up, Boredz, and optional Canucks?

Quote:
Originally Posted by Goobersbro View Post
Only way to get to a 830 credit score is to have a ton of money and if you have a ton of money you don't need credit.
Not true, 'Bro. People with very low incomes and banked cash can get to very high credit scores. What matters most, above all else, is that you pay your bills on time. Do that one thing alone, and you can probably crack 800. Of course, that assumes that you're making payments on some form of trade/revolving credit.

Quote:
Originally Posted by Goobersbro View Post
When I talked to the loan specialist last year my credit was around 720 I started building credit at 16 and have never missed a payment. I have paid off 3 loans at this point.
That will help immensely.

Quote:
Originally Posted by Goobersbro View Post
Which the last loan I paid off and my credit didn't budge still hasn't credit is really stupid IMO how the whole thing is set up.
Nobody really knows how the credit scores are calculated. None of them are calculated the same way and they guard their secret formulations very closely. Generally, we can assume what is being done by the effect your actions have on your credit score.

Quote:
Originally Posted by Goobersbro View Post
For instance paying off a mortgage early reflects bad upon your credit. That males zero sense to me
That's because it's not exactly correct. If you pay off a mortgage early and still pay on other debt, the payoff on the mortgage will actually help you. But if that was your ONLY debt, you could see your score fall. (See comments on debt availability ratios next.)

The second most important part of the credit score is how you manage your credit. That includes how you pay your bills, but also how much credit you have available vs. how much you have used. If you have $10,000 in credit limits on some credit cards but you've used up $9,000 (90%) of it, you'll take a hit. If you use only $1,000, (10%) you'll actually see your score increase.

This is why they say not to just close accounts without thinking it through. If you close a $6,000 card and now only have $4,000 of credit available of which you've used $1,000 (25%), your ratio just dropped a HUGE amount and it's going to ding your score pretty severely.

Of course, paying it off every month can only help. If you typically run your balances up a bit high every month, use your online bill pay and set up a recurring payment for each week to keep that average balance down between statements.

If you apply for credit too frequently, your score will fall.

So, some background:

We consider ourselves very fortunate to have no debt. We have about $90K in credit available of which we've used about $20K at any time, including the car payment (which I'm going to comment on further in a bit). Our income is not all that high, relatively speaking. Enough to live on without many luxuries beyond the thrills of the bikes and a couple of other things. Enough to be content, actually.

When we paid off the house ($230K at the time) six years ago, we had enough profit from the sale to pay for the new house in cash. As we concluded those transactions, my credit score was 820. (The highest you can get is 850.) We promptly paid off all remaining debt.

With no debt, my credit score started to fall and got down to 805-ish. As a result, when I bought the Vette last year, I went ahead and financed it instead of paying cash. Between then and now, it has gone back up to 830.

It's just the credit management. I should mention, too, that when I bought the Vette, they financed more than the value of the car, gave me a 3.85% interest rate and demanded that I finance as much as possible. A major bank, too, not just a local community bank or credit union. They did it all over the phone in about 20 minutes and I was driving away with it.

Credit, like fire, is very powerful. Just don't let it burn you!

There are other factors in your credit score, too, but discussions on those things are all over the interwebz. www.justfuckinggoogleit.com

--Wag--
__________________
"Great genius will always encounter fierce opposition from mediocre minds." --Albert Einstein
Wag is offline  
Sponsored Links
Advertisement
 
Closed Thread

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Powered by vBadvanced CMPS v3.2.2

All times are GMT -5. The time now is 10:57 AM.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright 2008 2013 Gixxer.com
Motorcycle News, Videos and Reviews
Honda Grom Forum Harley Davidson Forum Honda 600RR Kawasaki Forum Yamaha R6 Forum Yamaha FZ-09 Forum
1199 Panigale Forum Roadglide Forum Honda CBR1000 Forum Vulcan Forum Yamaha R1 Forum Yamaha R3 Forum
Ducati Monster Forum Harley Forums Honda CBR250R Forum ZX10R Forum Star Raider Forum Yamaha Viking Forum
Suzuki GSXR Forum V-Rod Forums Honda Shadow Forum Kawasaki Motorcycle Forum Star Warrior Forum KTM Duke 390 Forum
SV650 Forum BMW S1000RR Forum Honda Fury Forum Kawasaki Versys Forum Drag Racing Forum Ducati 899 Panigale Forum
Suzuki V-Strom BMW K1600 Triumph Forum Victory Forums Sportbikes BMW NineT Forum
Volusia Forum BMW F800 Forum Triumph 675 Forum MV Agusta Forum HD Street Forum Suzuki GW250 Forum
Yamaha Motorcycles Victory Gunner Forum Honda Vultus Forum HD LiveWire Forum