....to my surprise turns out it's 822.

I think the max is 900 in Canada.

Maybe its 850 in the US? I don't know how they max the score down there.

Anyway I consider myself very lucky.

At one time in my life I was just 425. I was in the cellar.

However I never gave up

Nor did I declare bankruptcy nor make a debt settlement

Glad too because I think that shows up on the credit report

However some friends of mine have not been so lucky. I've known several people who either had to file for bankruptcy or do a debt settlement. I feel sorry for them because i had almost been there.

So....while im certainly not rich at least I got good decent credit now. And if I pay the off an existing loan should be able to push it up to 850 or so

Credit is essential in our Western society. Man if you don't got no credit its hard ta git by

Having once been on the brink I'll try ta stay outta deep debt for the rest of my life. Id rather not go there ever again

But you have to use the credit wisely. Dude I used to know had five credit cards all maxed out. Anything he wanted he would buy and put on the card. He would see something and think "That's neat" and put it on the card. He would hear about an upcoming concert and he would buy tickets and put them on the card. We walked into a 7-11 one time and he put a Slurpee on his credit card.

Anyway we got talking about it and turns out he had 40 grand of debt on his cards (this was back in the 90s). I said "Hey have you ever thought about cutting back, you know maybe paying down the cards a bit?"

He said "Nah I figure that I'll never have it paid off and I'll always be in debt anyway so it really doesn't matter how high it gets".

Dunno whatever happened to him but it wouldn't surprise me if he's working in some D.C. Budget Office right now.

 

Quote from: Oliver the Second on December 07, 2023, 05:04:37 PMBut you have to use the credit wisely. Dude I used to know had five credit cards all maxed out. Anything he wanted he would buy and put on the card. He would see something and think "That's neat" and put it on the card. He would hear about an upcoming concert and he would buy tickets and put them on the card. We walked into a 7-11 one time and he put a Slurpee on his credit card.

Anyway we got talking about it and turns out he had 40 grand of debt on his cards (this was back in the 90s). I said "Hey have you ever thought about cutting back, you know maybe paying down the cards a bit?"

He said "Nah I figure that I'll never have it paid off and I'll always be in debt anyway so it really doesn't matter how high it gets".

Dunno whatever happened to him but it wouldn't surprise me if he's working in some D.C. Budget Office right now.

 

Jo Jo doesn't make any wise financial decisions. But, he is so adorable.

Quote from: Oliver the Second on December 07, 2023, 05:04:37 PMBut you have to use the credit wisely. Dude I used to know had five credit cards all maxed out. Anything he wanted he would buy and put on the card. He would see something and think "That's neat" and put it on the card. He would hear about an upcoming concert and he would buy tickets and put them on the card. We walked into a 7-11 one time and he put a Slurpee on his credit card.

Anyway we got talking about it and turns out he had 40 grand of debt on his cards (this was back in the 90s). I said "Hey have you ever thought about cutting back, you know maybe paying down the cards a bit?"

He said "Nah I figure that I'll never have it paid off and I'll always be in debt anyway so it really doesn't matter how high it gets".

Dunno whatever happened to him but it wouldn't surprise me if he's working in some D.C. Budget Office right now.

 

I was there once Ollie.

I had $40,000 in cc debt too. But I never declared bankruptcy. A person may suffer payin it off but in the end its worth it. i never gave up paying it down.

Bankruptcies and debt settlements affect a persons future credit. Credit is something a person should only uses in emergencies. Good ta have but don't break the glass unless absolutely necessary.

Going inta debt is like gambling actually.

Quote from: JOE on December 06, 2023, 11:14:07 PMAnd if I pay the off an existing loan

You have a loan?

At your age?!??!?!?

What the fuck is wrong with you?

Quote from: JOE on December 08, 2023, 01:10:28 PMI was there once Ollie.

I had $40,000 in cc debt too. But I never declared bankruptcy. A person may suffer payin it off but in the end its worth it. i never gave up paying it down.

Bankruptcies and debt settlements affect a persons future credit. Credit is something a person should only uses in emergencies. Good ta have but don't break the glass unless absolutely necessary.

Going inta debt is like gambling actually.

Fuck, you are a loser, Retard Joe.

And a simpleton.

Quote from: TheProwler on December 08, 2023, 06:09:25 PMFuck, you are a loser, Retard Joe.

And a simpleton.

Prowler, I have friends who've gone bankrupt and never recovered.

It's sad to see them where they are, having lost everything and now they are in a rut like that. One of them was from your Province. He's dead now & a large part the killed him was trying to escape debt and poverty.

Lotta times it's hard to avoid that if they were born poor, went through a divorce or had children to support or child support to pay.

What do I call these people for the fate I managed to avoid?

Losers?

Cripes for all the things said about him, even Donald Trump has more compassion than you. He said on many occasions wants to help those people, the forgotten working class, but you just wanna keep em down.

You're a conservative without a soul. I refer to those types as NeoCons.

Quote from: TheProwler on December 08, 2023, 06:09:25 PMFuck, you are a loser, Retard Joe.

And a simpleton.

True, but I have had worse lays.

Quote from: TheProwler on December 08, 2023, 06:06:28 PMYou have a loan?

At your age?!??!?!?

What the fuck is wrong with you?

Actually I could pay it off today if I wanted tp Prowler.

But thanks for the reminder.
I don't mind actually as I'm procrastinating and putting it off.
Not good, eh? I shouldn't really do that.
I got lazy that's all.

Probably get it paid off sometime by earlynext year tho.

No sense in draining the account tho when the money could be invested right now like gic's, eh?

I figger a bit a time, likely have it licked by the spring of 2024

I live debt free.

Quote from: JOE on December 08, 2023, 07:08:32 PMNo sense in draining the account tho when the money could be invested right now like gic's, eh?

GICs are not paying a higher interest rate than a loan would be costing you, you idiot.

Not to mention that the interest earned with a GIC is taxable.

What was the loan for, Senile Joe?

Quote from: Oerdin on December 08, 2023, 07:44:21 PMI live debt free.

As do I.

It makes no sense for an old fucker like Senile Joe to take out a loan.

Quote from: TheProwler on December 08, 2023, 08:26:52 PMGICs are not paying a higher interest rate than a loan would be costing you, you idiot.

Not to mention that the interest earned with a GIC is taxable.

What was the loan for, Senile Joe?

It was a student loan I took out for a course.

actually I did it to avoid the Pandemic.
And that's what the government and health authorities wanted us to do anyway. Stay Inside. Stop the spread.

Turns out, that was the height of the spread and it was hitting people hard.

Several People were coming to class sick, coughing and wheezing away.

Even some of the instructors.

It was really quite bad around 2021/22.

COVID was real. It wasn't bullshit.

Luckily when I finished the class the Pandemic appeared to wane and the cases dropped quite dramatically.

The end of the Pandemic was like comin out of a storm.

Didn't you say members of your family came down with it quite hard, prowler?

They don't seem to count a Student Loan towards the Credit Score as much Prowler.

In fact, it didn't even seem to put a dent into mine

So I guess it gets a lower interest rate as well when paying it back. It doesn't seem to be a punitive debt, unlike consumer debt. As long as the student loan is paid off regularly they don't seem to mind if a person has just a little bit.

But I plant to get rid of it or most of it by next year. Maybe bringing it down 75% at very least. Getta get serous and get rid of it altogher before 2025, eh.

Quote from: JOE on December 08, 2023, 09:14:09 PMIt was a student loan I took out for a course.

You needed to take a loan for a school course?!!?!?!?

Get your fuckin' shit together, old man.