Author Topic: credit score (Read 842508 times)

pixi · « **Reply #2080 on:** January 06, 2016, 11:01:20 PM »

Quote from: etech0 on January 06, 2016, 10:56:15 PM

So basically you need a friend who's into credit score.

Once you become a joint there is no way you can go off it except of closing the card for both of you. That ties you to the guy who you become a joint to.

ya · « **Reply #2081 on:** January 06, 2016, 11:04:16 PM »

Do u mean authorized user?

Zalc · « **Reply #2082 on:** January 06, 2016, 11:07:35 PM »

Quote from: pixi on January 06, 2016, 10:46:32 PM

Make sure he doesn't spend more then 10-20-30 % of his credit line, if he does then rather don't become a joint it will only hurt you.

If he doesn't spend anything at all on this card, what does it make a difference how much he spends on his other cards?

pixi · « **Reply #2083 on:** January 06, 2016, 11:13:25 PM »

Quote from: Zalc on January 06, 2016, 11:07:35 PM

If he doesn't spend anything at all on this card, what does it make a difference how much he spends on his other cards?

I was referring to that particular card

pixi · « **Reply #2084 on:** January 06, 2016, 11:13:34 PM »

Quote from: ya on January 06, 2016, 11:04:16 PM

Do u mean authorized user?

No

etech0 · « **Reply #2085 on:** January 06, 2016, 11:20:30 PM »

Quote from: pixi on January 06, 2016, 11:01:20 PM

Once you become a joint there is no way you can go off it except of closing the card for both of you. That ties you to the guy who you become a joint to.

Sounds risky to me

PillanSmye · « **Reply #2086 on:** January 06, 2016, 11:35:19 PM »

Quote from: etech0 on January 06, 2016, 07:41:36 PM

Is that possible even with a credit history that's only 4-5 years old?

My wife has a 780 FICO 08 TU score. She hasn't even had a SSN for a year.

Zevwolf · « **Reply #2087 on:** January 07, 2016, 07:22:48 PM »

What is the differences between the 08 and the 04 scores?

newdealseeker · « **Reply #2088 on:** January 07, 2016, 10:02:19 PM »

Quote from: pixi on January 06, 2016, 10:46:32 PM

Make sure he doesn't spend more then 10-20-30 % of his credit line, if he does then rather don't become a joint it will only hurt you.

I am very careful to pay off my balances before statement closing every month. I have one card with a joint and he doesn't pay off his balance and leaves it at about 18% every month, but seldomly at about 35%.
Does it still affect my score if this card is only about 10-11% of my overall credit limit?

pixi · « **Reply #2089 on:** January 07, 2016, 10:11:25 PM »

Quote from: newdealseeker on January 07, 2016, 10:02:19 PM

I am very careful to pay off my balances before statement closing every month. I have one card with a joint and he doesn't pay off his balance and leaves it at about 18% every month, but seldomly at about 35%.
Does it still affect my score if this card is only about 10-11% of my overall credit limit?

Yes

newdealseeker · « **Reply #2090 on:** January 07, 2016, 10:28:56 PM »

Quote from: pixi on January 07, 2016, 10:11:25 PM

Yes

So what is more important, to look at overall utilization, or at each card individually?

pixi · « **Reply #2091 on:** January 07, 2016, 10:38:36 PM »

Quote from: newdealseeker on January 07, 2016, 10:28:56 PM

So what is more important, to look at overall utilization, or at each card individually?

Both.

newdealseeker · « **Reply #2092 on:** January 07, 2016, 10:39:30 PM »

Quote from: pixi on January 07, 2016, 10:38:36 PM

Both.

So I guess my only option is to ask him to pay off his balance too...

WAM · « **Reply #2093 on:** January 08, 2016, 12:14:16 AM »

Quote from: newdealseeker on January 07, 2016, 10:39:30 PM

So I guess my only option is to ask him to pay off his balance too...

Get 30 more cards with high credit lines. It should help fwiu.

Zalc · « **Reply #2094 on:** January 08, 2016, 09:29:59 AM »

Quote from: newdealseeker on January 07, 2016, 10:39:30 PM

So I guess my only option is to ask him to pay off his balance too...

Or try to get him his own card and leave the shared one unused.

Jacobos · « **Reply #2095 on:** January 11, 2016, 12:01:08 AM »

Does it make sense for a credit score to go in one month from 750 something to 719

pixi · « **Reply #2096 on:** January 11, 2016, 12:02:04 AM »

Quote from: Jacobos on January 11, 2016, 12:01:08 AM

Does it make sense for a credit score to go in one month from 750 something to 719

Yes. It can even go down much more.

TimT · « **Reply #2097 on:** January 11, 2016, 12:03:03 AM »

Quote from: Jacobos on January 11, 2016, 12:01:08 AM

Does it make sense for a credit score to go in one month from 750 something to 719

yup

Jacobos · « **Reply #2098 on:** January 11, 2016, 12:03:42 AM »

Applied for two cards is that enough reason or should i request my credit report and find out whats going on

pixi · « **Reply #2099 on:** January 11, 2016, 12:04:18 AM »

Quote from: Jacobos on January 11, 2016, 12:03:42 AM

Applied for two cards is that enough reason or should i request my credit report and find out whats going on

Had a high balance?

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Author Topic: credit score (Read 842508 times)