Revolving credit card scheme...

[pickle.of.doom]

Originally Posted by OneSickPsycho

Marko's up there too.

True dat, Marko is gettig back to his pw'in ways too. Of course, most of them are just "this thread fucking sucks" ... good to have him back to his usual standards

[marko138]

You fucking cocksuckers. Leave me out of this.

[Cutty72]

Originally Posted by marko138

You fucking cocksuckers. Leave me out of this.

come on marko, just trying to spread the love

[ceo012384]

Originally Posted by OneSickPsycho

Limit is $250 per account... I think the chick who I talked to knew what I was getting at, but she didn't say anything...

I hope you're really not still considering doing this.

[OneSickPsycho]

Originally Posted by ceo012384

I hope you're really not still considering doing this.

Why?

[ceo012384]

Originally Posted by OneSickPsycho

Why?

Because it won't work, and will murder your credit and ability to get any sort of financing, like I said before. Really.

[OneSickPsycho]

Originally Posted by ceo012384

Because it won't work, and will murder your credit and ability to get any sort of financing, like I said before. Really.

I just don't see it happening... If it doesn't work, I'm out nothing... Just spending money that I already would have... Multiple credit cards and using credit cards actually BUILDS credit rather than hinders it... Plus, I'm not going to have multiple cards... Just multiple bank accounts.

[ceo012384]

Originally Posted by OneSickPsycho

Multiple credit cards and using credit cards actually BUILDS credit rather than hinders it...

That is only true up to a point. Having more than a couple (read, like 3 or 4) that are frequently used gives you too much liability. Your credit will be affected negatively pretty severely if you do this. It's true that it is better to have 3 cards that you use equally and pay off every month in terms of your credit score than just one card. But it's also MUCH better than having 15 cards. Also, even just applying for all those cards will fuck you, because you will have a ton of random credit report inquiries, which is bad.

Also, add up all the limits of those individual cards and that's how much you've fucked yourself in terms of getting a loan or mortgage. The credit limits are taken into account.

My folks do this shit for a living, and I've had a perfect credit score (800) since I was about 20. Trust me.

[Rider]

My buddy in Cali owns a credit repair business.

Here is the trick. Have 3 or 4 cards. Carry a balance on them all. Make double payments on them each month. Ask for credit limit increases every 6 months.
What you want in to have very high credit limits, with a small amount debt where you are making payments each month.

[Mr Lefty]

Originally Posted by Rider

My buddy in Cali owns a credit repair business.

Here is the trick. Have 3 or 4 cards. Carry a balance on them all. Make double payments on them each month. Ask for credit limit increases every 6 months.
What you want in to have very high credit limits, with a small amount debt where you are making payments each month.

I was told the same thing... but keep your balance about half of your limit or just a bit under... to raise your score... and to insure a limit increase.