Author Topic: sign up for discover & Get a free Garmin nÃ¼vi 200 portable GPS Navigator (Read 12137 times)

Yitzter · « **Reply #20 on:** June 01, 2008, 11:13:38 PM »

Don't worry, I have great credit. I just don't like signing up for credit cards just because they offer something.

Yitzter · « **Reply #21 on:** June 01, 2008, 11:14:24 PM »

I'll just cancel it in a couple of months, I don't like discover anyway.

coralsnake · « **Reply #22 on:** June 02, 2008, 11:39:54 AM »

Quote from: ash on June 01, 2008, 11:11:34 PM

yes but unless he goes bankrupt he cant really screw it up too bad
in other words too many credit crads just brings him too the limit of his capacity doesnt nessaraly give him a terrible score

I agree that having a bunch of cards doesnt kill his score, but if you dont pay your bills on time (miss a couple of payments here and there) and max out some cards (even $400 on the $500 limit card is considered maxed out) your credit will suffer even without anything to do with bankruptcy.
This is very common for younger people using credit. And many people do screw it up reall bad- I see it all the time.

E · « **Reply #23 on:** June 02, 2008, 02:13:30 PM »

Quote from: Yitzter on June 01, 2008, 11:14:24 PM

I'll just cancel it in a couple of months, I don't like discover anyway.

whats worng with discover

Yitzter · « **Reply #24 on:** June 02, 2008, 02:58:28 PM »

Quote from: E on June 02, 2008, 02:13:30 PM

whats worng with discover

Just don't like them.

AsherO · « **Reply #25 on:** June 04, 2008, 12:20:54 AM »

Quote from: ash on June 01, 2008, 02:29:49 AM

because i will explain dont be so worried abt ruining your credit open a you are young natrualy your credit will get better even if you screw up now
so just get these cards and close them dont be so worried

AFAIK (please feel free to CMIIW), activity like opening and closing accounts doesn't stick around for too long on your credit file, probably not for longer than a year at most.

Yitzter · « **Reply #26 on:** June 04, 2008, 04:14:55 PM »

Quote from: AsherO on June 04, 2008, 12:20:54 AM

AFAIK (please feel free to CMIIW), activity like opening and closing accounts doesn't stick around for too long on your credit file, probably not for longer than a year at most.

QFT. Dan said the same thing in one of his articles.

coralsnake · « **Reply #27 on:** June 04, 2008, 04:31:57 PM »

Quote from: AsherO on June 04, 2008, 12:20:54 AM

AFAIK (please feel free to CMIIW), activity like opening and closing accounts doesn't stick around for too long on your credit file, probably not for longer than a year at most.

Quote from: Yitzter on June 04, 2008, 04:14:55 PM

QFT. Dan said the same thing in one of his articles.

Im not sure what Dan said, but I look at credit reports all day long and heres how it goes:
-Any inquiry on your credit remains for 12 months- meaning I can see how many times you applied for any credit card, loan, mortgage, or any other time a financial institution ran your credit in the last 12 months. (If you run it yourself with myfico or similar, it does not show up).

-Any closed account even if only open for a month stays on your credit report for at least 5 years (maybe 7- I have to check) AFTER it is closed.

I am not saying that it affects your score if the account is closed- It doesnt really do much either way after 12 months, but it is still there. Unless you missed payments on the closed acocunt, then it still hurts you after 12 months.

Chaim171 · « **Reply #28 on:** June 13, 2008, 01:27:33 AM »

Quote from: CharlesLight.com on June 04, 2008, 04:31:57 PM

-Any inquiry on your credit remains for 12 months- meaning I can see how many times you applied for any credit card, loan, mortgage, or any other time a financial institution ran your credit in the last 12 months. (If you run it yourself with myfico or similar, it does not show up).

Actually, inquiries stay on credit reports for 2-years, but after 12-months they no longer have a derogatory effect on the score.

Quote from: CharlesLight.com on June 04, 2008, 04:31:57 PM

-Any closed account even if only open for a month stays on your credit report for at least 5 years (maybe 7- I have to check) AFTER it is closed.

It's 7 years from the "Last Activity Date".

Quote from: CharlesLight.com on June 04, 2008, 04:31:57 PM

I am not saying that it affects your score if the account is closed- It doesnt really do much either way after 12 months, but it is still there. Unless you missed payments on the closed acocunt, then it still hurts you after 12 months.

The closed account will have a positive effect on your score even if it's closed more than 12 months ago. That's especially true when credit report is manually reviewed. Just as it would lower the score if there were late payments in the past. However, I agree that as it ages more and more the negative impact on the scores lessens.

Na Nach · « **Reply #29 on:** June 18, 2008, 01:50:52 AM »

I Have 729 Score And Got Turned Down. Is That A Good Score

Dan · « **Reply #30 on:** June 18, 2008, 02:43:42 AM »

Discover is notorious for turning down people even with excellent credit.

Their loss, not yours, as their cards generally stink.

coralsnake · « **Reply #31 on:** June 26, 2008, 12:00:33 AM »

Quote from: yismeflo on June 18, 2008, 01:50:52 AM

I Have 729 Score And Got Turned Down. Is That A Good Score

Yes, that is a good score.
But where did you find out that your fico is 729?

Na Nach · « **Reply #32 on:** June 26, 2008, 12:05:54 AM »

I Did The Free Trial Last Month

Charles The Govenor · « **Reply #33 on:** July 17, 2008, 02:29:29 AM »

What's wrong with maxing out if you always pay your bill on time?

Charles The Govenor · « **Reply #34 on:** July 17, 2008, 02:37:08 AM »

If I already have a discover card is there any way I can get it??

ash · « **Reply #35 on:** July 29, 2008, 02:21:30 PM »

yes you can

by the way i just received my nuvi and for some odd reason they sent me two of them
but i am not complaining..........

Dan · « **Reply #36 on:** July 30, 2008, 12:39:14 AM »

Quote from: ash on July 29, 2008, 02:21:30 PM

yes you can

by the way i just received my nuvi and for some odd reason they sent me two of them
but i am not complaining..........

Sell 'em both and buy a real GPS...the Nuvi 200 is a joke.

Charles The Govenor · « **Reply #37 on:** July 30, 2008, 02:33:09 AM »

How can I get it?

Yoel · « **Reply #38 on:** July 30, 2008, 12:43:36 PM »

Quote from: Charles The Govenor on July 17, 2008, 02:29:29 AM

What's wrong with maxing out if you always pay your bill on time?

Because the credit card company reports to the credit bureau's at the end of each billing cycle how much you owe and how much you have available, this is regardless if you end up paying the whole bill on time. According to your credit report you have no available credit.

Charles The Govenor · « **Reply #39 on:** July 30, 2008, 02:23:46 PM »

so it screws up your credit major?