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Old 11-14-2008, 12:14 AM   #33
hyrum
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Quote:
Originally Posted by TripletDaddy View Post
What are the people at 800 doing that the ones at 730-760 are not? I know the rate benefit differential at that level is going to be negligible, but out of curiosity, how do some folks get up past 800? Do I have to open a few more cards, use them, and pay them off on time?
I dunno what specifically, but the old saying is people who can get credit don't need it. So the wife and I do things like take advantage of 90-days same as cash from time-to-time (like for furniture or electronics, average maybe once per year) and recently went for 0% for 3 years on a Toyota (50% cash paid) -- I don't guess anyone who watches sports has missed those commercials, ugh. Rather low debt to equity in the house, use credit cards but rarely carry a balance, keep the same cards a long time. Pay on time - most bills automated because I get forgetful in my old age

Does 800 make a difference? Somehow I thought thresholds for deals were more like 750.
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