Why are you people writting about and listing your credit scores here.

This topic has been closed by the mod.

Move on to pmail 

________________________________
From: Max Wellhouse <dimwittedmoose@CFU.NET>
To: vanagon@GERRY.VANAGON.COM
Sent: Sunday, April 19, 2009 7:46:13 PM
Subject: Re: Credit Card Alert

This information flies in the face of what our credit union associate
said a few years ago.� She said that having too much "available"
credit would hurt our credit score and recommended that we close
unused accounts.� The perceived "threat" of being able to charge up
huge amounts of stuff(like a Bostig conversion for my Vanagon [
RVC!!] ) is what scares them, according to her.� Maybe something's
changed since then.� We're in the low 700's and close to being in
over our heads pretty much.� Good thing no new cars out there melt my
butter right now.

DM&FS

At 10:34 PM 4/18/2009, Old Volks Home wrote:
>Allan -
>
>The problem with paying off and closing the account is that it KILLS your
>FICO score, making it harder down the road to obtain credit for something
>else when it's really needed.� It's happened me in the past couple of years
>when I paid off and cancelled cards I didn't think I needed anymore, I lost
>over 60 points because of this.� I even saw a Clark Howard bit on HLN about
>this recently.� Doesn't matter if the Card Authority or you close it, it
>reads all the same (as a Negative) to the 3 Credit Reporting Agencies.
>
>Just pay the card off and use it sparingly for local purchases and pay the
>card off each month.� That's what I do now.
>--
>Jim Thompson
>84 GL 1.9 "Gloria"
>84 Westfalia 2.1 "Ole Putt"
>72 411 Station Wagon "Pug"
>oldvolkshome@gmail.com
>http://www.oldvolkshome.com
>jim@airheadparts.com
>***********************************
>On Fri, Apr 17, 2009 at 5:43 PM, Allan Streib <streib@cs.indiana.edu> wrote:
>
> > Don Hanson <dhanson928@GMAIL.COM> writes:
> >
> > > FWIW� I also got, recently, a revision of terms letter from Discover
> > > Card..essentially taking the 'cash back' feature off.� All kinds of fancy
> > > technical terms that I didn't understand, but bottom line is you'll
> > > *probably* not be getting much cash back from Discover Card purchases any
> > > longer.
> > >� Sneaky, these financial companies...
> >
> > You're free to close your account whenever they change the terms, and
> > pay of any outstanding balance under the terms previously in effect.
> >
> > Allan
> > --
> > 1991 Vanagon GL