The Master DO NOT Just Jump Into B* Thread

[BobWang]

Understand the process first:

 

http://creditboards.com/forums/index.php?showtopic=485958

[Guest]

Bob, was this thread intended or invited for B*-related discussion?

 

And, if it was, then who (which group of creditee) would stand to benefit from B* the most, since you should point out that those with few INQs would not see anything beneficial from B*.... Assuming some may see this for the first time...

[BobWang]

Discussion is the main point of this thread.

 

It has always been the case that some people attempt B* before fixing more important issues.

 

It feels to me like, that that population is increasing.

 

Slow down peeps,

 

B* is one of the LAST things you should be doing.

[RBinAK]

But it's the only thing that costs money! We all know people who have backed themselves into a credit corner LOVE TO SPEND MONEY.

[patz2009]

[lemonlimez]

Discussion is the main point of this thread.

 

It has always been the case that some people attempt B* before fixing more important issues.

 

It feels to me like, that that population is increasing.

 

Slow down peeps,

 

B* is one of the LAST things you should be doing.

Thank you ~ newbie here and kept reading so much about B* it sort of side tracked me.. I have other issues to fix. Thanks for this!

Edited April 21, 2013 by lemonlimez

[Rebuilding2010]

You jest, but people in desperate measures take desperate actions. A lot of times our problem was just trying to deal with the problem at hand that got us into credit problems in the first place, not thinking about the future. People think spending money means results, it's the reason why all those debt consolidation places work, but that's part of the problem, thinking money solves all problems. I think one of the biggest lessons this board (hopefully) gives people is that it is a slow process, you didn't wake up one morning with bad credit, it took a while to get there and it's gonna take a while to get out.

 

You found the place to escape the tunnel you've found yourself in, you can finally see the light, but don't try to run to it or else you're gonna trip fall and maybe hurt yourself too much to get out. Take it slow, look around (in the newbie section!), watch your step. You'll get there eventually. One year will pass before you know it.

 

We should have a survey, how long did it take you to (relatively) get out of credit purgatory (another time, not trying to derail this thread. Bob needs at least one thread to stay on topic lol).

[TrevorHere]

And please do not assume a big score jump.

[BobWang]

Notice the tiny little blips WAY over on the right?

 

THOSE are the FICO effects of inquiries.

 

[BDK]

not trying to derail this thread. Bob needs at least one thread to stay on topic lol).

 

NOT!!

 

[RBinAK]

I am spending to bump TU even though its probably only to have a 5-10 point affect. As I am desperate to get my TU to 640 for mortgage reasons, this 10 points could make a difference.

[Guest]

You jest, but people in desperate measures take desperate actions. A lot of times our problem was just trying to deal with the problem at hand that got us into credit problems in the first place, not thinking about the future. People think spending money means results, it's the reason why all those debt consolidation places work, but that's part of the problem, thinking money solves all problems. I think one of the biggest lessons this board (hopefully) gives people is that it is a slow process, you didn't wake up one morning with bad credit, it took a while to get there and it's gonna take a while to get out.

 

You found the place to escape the tunnel you've found yourself in, you can finally see the light, but don't try to run to it or else you're gonna trip fall and maybe hurt yourself too much to get out. Take it slow, look around (in the newbie section!), watch your step. You'll get there eventually. One year will pass before you know it.

 

We should have a survey, how long did it take you to (relatively) get out of credit purgatory (another time, not trying to derail this thread. Bob needs at least one thread to stay on topic lol).

Rebuilding 2010 is my friend.

[Guest]

And Bob, please (on the other thread!!!!!!!) please analyze my prospectus?

[Guest]

I am spending to bump TU even though its probably only to have a 5-10 point affect. As I am desperate to get my TU to 640 for mortgage reasons, this 10 points could make a difference.

 

You better have SCP, or SmartCredit Premium!!!! - ?

[BobWang]

Definitely, if you are at the margin of getting better interest rates, or approvals,

 

by all means, go for it.

 

If nobody B*'d, there'd be a lot of unemployed BIs.

[BobWang]

And Bob, please (on the other thread!!!!!!!) please analyze my prospectus?

 

Joseph, I admire your energy, but I'd be hesitant to invest in your venture.

[BDK]

Definitely, if you are at the margin of getting better interest rates, or approvals,

 

by all means, go for it.

 

If nobody B*'d, there'd be a lot of very sad unemployed BIs.

[RBinAK]

Joesph and those concerned with Joseph http://creditboards.com/forums/index.php?showtopic=510712

[candiceena]

This is a great point/thread.

 

I'm a newbie. I started to read about B* and was like OH WOW YAY TIME TO START B*ING AWAY!!

 

Then I was like oh wait. Maybe I should work on some other things first. I just opened 4 new TLs and I figure while I let them age and begin to show positive history, for say, six months, during that time I can begin to work on other aspects of my credit repair journey.

[futurehomeowner?]

yes I agree I would not pay for 3 services to get my inquiries off at this point but I am pulling daily on MBM so I can at least work on the ones on TU but If I had the money to do it right now I would B* everything that I could now instead of waiting till next year. I would be mad if in 6 months the CRA's changed something and B* disappeared.

[BobWang]

It's a game of cat and mouse.

 

I think the CRAs half-heartedly try to shut B* down,

 

but leave open backdoors and loopholes for the dedicated.

[RBinAK]

I don't see why they would shut it down. It costs them maybe $.05 and they bill us $24.99. Pretty good mark up.

[BobWang]

Well, there's the whole accuracy in reporting part.

[Rebuilding2010]

 

You jest, but people in desperate measures take desperate actions. A lot of times our problem was just trying to deal with the problem at hand that got us into credit problems in the first place, not thinking about the future. People think spending money means results, it's the reason why all those debt consolidation places work, but that's part of the problem, thinking money solves all problems. I think one of the biggest lessons this board (hopefully) gives people is that it is a slow process, you didn't wake up one morning with bad credit, it took a while to get there and it's gonna take a while to get out.

 

You found the place to escape the tunnel you've found yourself in, you can finally see the light, but don't try to run to it or else you're gonna trip fall and maybe hurt yourself too much to get out. Take it slow, look around (in the newbie section!), watch your step. You'll get there eventually. One year will pass before you know it.

 

We should have a survey, how long did it take you to (relatively) get out of credit purgatory (another time, not trying to derail this thread. Bob needs at least one thread to stay on topic lol).

Rebuilding 2010 is my friend.

 

 

And Bob, please (on the other thread!!!!!!!) please analyze my prospectus?

You almost had me, until your second post there.

[RBinAK]

please delete this post.

Edited April 21, 2013 by RBinAK