cashnocredit

Me too! I also noticed a drop that averaged about 15 when a paid off mortgage I'd co-signed long ago fell off. I only have CCs. While I never carry a balance, I have fairly high balances reporting, averaging about 10% of my total lines. Might have been a bigger drop If I bothered to maximize FICO but I have only done this a few times over 2 decades to see the effect. FICO's average just over 800 but bounce around a lot from large balance changes. I've never had any adverse action other than cards that didn't renew when I stopped using them thinking debit cards were simpler with no monthly bill. That was really dumb of me but at the time I had no idea how credit worked. Like trying to rent a car with a debit card (hard). Then I had to start from scratch with no credit history.

That's one weird survey. Strangest thing is they exclude credit card interest! And they include principal and interest on mortgages, car loans, and such. Why should any principal be considered in the cost of debt? Someone that buys a car and pays it off the next month (a strategy used to get the lowest price) has this big "debt" while someone that just buys the car outright has incurred no debt? Real question is how much interest one pays during a lifetime for the benefit of acquiring stuff using debt.

Fannie Mae Ending Its Hard 620 Score Cutoff – NMP As per the GSE's latest Selling Guide Announcement, the minimum representative credit score requirement of 620 will be removed for new loan case files created on or after November 16, 2025 Starting next week, Fannie Mae is eliminating its minimum 620 credit score requirement for borrowers seeking loans that will be sold to the government-sponsored enterprise (GSE). The move, which is in line with a previous change at Freddie Mac, is designed to expand access to mortgage credit, particularly among borrowers with so-called “thin” credit files or non-traditional credit histories.

While adverse credit info drops off well before 10 years, each bank/creditor can refer to their own records without age restriction. Looks like that's what Chase is doing. If it was from a credit report they would have to reference that. If you have older credit rep[orts, you should be able to find what CC's you had in the past listed on them. Alternately, you can apply for CCs with a new issuer or bank you are sure you hadn't used.

Federal Housing Finance Agency director Bill Pulte just announced this.

After I swapped it out I examined the old breaker. The problem turned out to be a poor contact on one side of the leaf sliders internal to the breaker. This produced a high resistivity contact that, over time, caused the breaker to heat up enough that it tripped at low current (about 25% of rating). It was one of the very hot days (99F) where the ACs were running. My current probe indicated that it was tripping with only about 50 Amps. Breakers operate by a combination of heat and current sense.

South Korea's repro rate is even lower. Lots of this is Europe as well. Check out the average age of Ukranian soldiers.

The electricity shut off at mid-day when it was about 100F outside. So I went out to check the breakers. They appeared OK. We have a "smart meter" since we have PV's installed. No way to turn off the power going to the breaker panel which I found weird. The smart meter is behind a second panel that has a SDGE tie on it to prevent anyone from opening it except SDGE personnel. So called SDGE about the power outage. Service person showed up and found the main breaker had tripped (which I'd missed) and suggested we should replace the whole panel. My wife had been talking to a neighbor that had recently gotten a panel upgrade to fast charge her EVs so she got a reference. Called the reference who came out and suggested a new panel. Cost about 10k. I looked up the breaker (225 amp) part number and bought a replacement for just under $200. I had to change the breaker "hot" since there was no way to turn off the power w/o calling SDGE back and scheduling a turn-off that would take a 3 week delay. Fairly simple and safe even though the incoming wires are hot. Checked the current and voltage drop across the new breaker and it was just a few mVs with about 60 amps load. No reason I could see to change the panel. We aren't planning to get EVs let alone fast chargers.

If you decide to stop paying them but want to rent a studio apt. in the near future, consider applying before your credit is shot as they almost certainly will run your credit. Rent should be a lot less than the credit card payments. Then move and live with debit cards for a while to get used to matching outgo to income. Then, after BK, get a secured card or two at low limits just to restart your credit in the future. Will help a ton to get new credit after the negatives drop off.

I got 5 alerts. The details on each were quite varied and old with errors in names, addresses and such. Not one was a match for my current address, name, etc. Looks like a really bad database. Apparently, the stuff was (poorly) copied from public databases.

My partner and I started a C corp back in 1980 on one side of his tool shed. No employees. We would usually use checks to pay for things but every so often he would use his CC. and write a check to himself to re-imburse. After a few years we were big enough he could quit his job and run the biz full time. It kept growing and 5 years after we had started it I quite my regular job and joined the company too. In the 90's we were large enough to get a line of credit w/o personal guarantees (we never did PGs). We also got corporate credit cards for the execs and sales people that had to travel. I never used the CC for personal stuff except for getting hotel rooms. But I never paid with it and always paid with my debit card since I didn't have personal CCs at the time. Never had any issue with the IRS or State. We were pretty careful not to mix any personal expenses with legit biz expenses.

If you want to buy a timeshare, do it in the aftermarket. In some cases people will even pay you to take their timeshare, And that tells a lot about the timeshare biz.

Yeah. Car dealers are known for that because they get a cut from the financing. It's actually a good negotiating practice to go along even if you intend to pay cash because they think they will make more money on the back end. Once you have the price locked in you then spring a check on them.

Huh? Why would it be a policy. You make an offer that includes a large cash down with terms of cash to close. You don't come up with the cash, the seller keeps it. Now if you make an offer contingent on financing, expect a credit pull since you get the down back if financing isn't approved.

Odd. The piece suggests he was also a cash buyer. I also bought a house after I retired and didn't need to live near work with neighbors 20' on each side of me. Woke up one day, wandered into a real-estate place, and asked to see some houses. Wound up liking a place that was rural enough* and spacious enough. Made an offer and closed in a week. I was never asked for a credit check and I had no idea what one was at the time. If one had been pulled it would have borne a strong resemblance to that of a homeless person. I'd stopped using CCs 10 years earlier in favor of a debit card. * What I didn't know at the time was my new home was in a part of the county where mail wasn't delivered. You had to get a POB which at least was free to make up for the USPS not delivering mail.