Join for free
Page 1 of 2 1 2 >
swimfeeders
Chatterbox
swimfeeders is offline
Shropshire
Joined: Oct 2014
Posts: 24,056
swimfeeders is male  swimfeeders has posted at least 25 times and has been a member for 3 months or more 
 
30-08-2020, 08:39 AM
1

Credit Scores

Hi

Do you check yours?

They are important as they affect the Interest Rates on your borrowing and Credit Cards.

I find them weird.

My Score has gone down because I pay off my Credit Card every month and I have also nearly paid off a Loan.

How stupid is that?

If I took out a new bigger Loan my score would go up.
Meg's Avatar
Meg
Supervisor
Meg is offline
Worcestershire
Joined: Aug 2009
Posts: 42,850
Meg is female  Meg has posted at least 25 times and has been a member for 3 months or more 
 
30-08-2020, 09:22 AM
2

Re: Credit Scores

I have never bothered with 'credit scores' , with the exception of a mortgage many years ago I don't use credit.

I was brought up in the school of thought that says if you can't pay or save for something you don't have it.

This did mean having very few possessions for a large part of my life, no problem I have always slept well at night knowing I didn't owe money to anyone.
spitfire
Chatterbox
spitfire is offline
Warwickshire
Joined: Jul 2012
Posts: 29,878
spitfire is male  spitfire has posted at least 25 times and has been a member for 3 months or more 
 
30-08-2020, 09:57 AM
3

Re: Credit Scores

The pragmatist in anyone should be aware that since the virus crisis, and subsequent loss of incomes (and jobs ultimately), the credit reference should be of little consequence, people with an untainted credit history, cannot pay creditors without any income, strange times.
caricature's Avatar
caricature
Senior Member
caricature is offline
Devon,England.
Joined: Jun 2014
Posts: 1,927
caricature is male  caricature has posted at least 25 times and has been a member for 3 months or more 
 
30-08-2020, 10:26 AM
4

Re: Credit Scores

Originally Posted by Meg ->
I have never bothered with 'credit scores' , with the exception of a mortgage many years ago I don't use credit.

I was brought up in the school of thought that says if you can't pay or save for something you don't have it.

This did mean having very few possessions for a large part of my life, no problem I have always slept well at night knowing I didn't owe money to anyone.
Same here Meg,if we never had money it didn't get bought,still the same today.
Percy Vere's Avatar
Percy Vere
Senior Member
Percy Vere is offline
Wilds and woolly wastes of Staffordshire, UK
Joined: Dec 2019
Posts: 4,792
Percy Vere is male  Percy Vere has posted at least 25 times and has been a member for 3 months or more 
 
30-08-2020, 04:40 PM
5

Re: Credit Scores

I dread to think what my credit score would be simply because we've paid off our mortgage, we pay off our credit cards in full each month, and recurring bills are paid by DD before they're due. We don't need a loan to buy things, nor do we buy things on "tick". So, as far as a lender is concerned, I suppose we're just not worth lending to as they wouldn't make any money out of us.
Silver Tabby's Avatar
Silver Tabby
Chatterbox
Silver Tabby is offline
God's own county!
Joined: Oct 2012
Posts: 24,659
Silver Tabby is female  Silver Tabby has posted at least 25 times and has been a member for 3 months or more 
 
30-08-2020, 05:24 PM
6

Re: Credit Scores

I don't own a credit card, neither do I buy on credit, nor borrow money. If I can't afford something I do without - simples.
susan m's Avatar
susan m
Senior Member
susan m is offline
DORSET UK
Joined: Apr 2015
Posts: 4,935
susan m is female  susan m has posted at least 25 times and has been a member for 3 months or more 
 
30-08-2020, 05:24 PM
7

Re: Credit Scores

I honestly have never owned and used a credit card . Maybe I'm behind the times but they actually frighten me . Ive heard about people racking up huge debts . What I can't afford i dont buy . I've always been a saver even though i never earned much . I put by for the future , even now . If I need something I will pay for it , if I couldn't afford it all in one go I would try interest free credit.

I know of people who earn good money as couples yet still owe thousands on credit cards . Why ?
Mups's Avatar
Mups
Chatterbox
Mups is offline
Northamptonshire
Joined: Jun 2013
Posts: 46,083
Mups is female  Mups has posted at least 25 times and has been a member for 3 months or more 
 
30-08-2020, 11:35 PM
8

Re: Credit Scores

Originally Posted by Meg ->
I have never bothered with 'credit scores' , with the exception of a mortgage many years ago I don't use credit.

I was brought up in the school of thought that says if you can't pay or save for something you don't have it.

This did mean having very few possessions for a large part of my life, no problem I have always slept well at night knowing I didn't owe money to anyone
.


Same here, Meg.
spitfire
Chatterbox
spitfire is offline
Warwickshire
Joined: Jul 2012
Posts: 29,878
spitfire is male  spitfire has posted at least 25 times and has been a member for 3 months or more 
 
31-08-2020, 05:53 AM
9

Re: Credit Scores

Sounds like no one on here ever had a Mortgage!
spitfire
Chatterbox
spitfire is offline
Warwickshire
Joined: Jul 2012
Posts: 29,878
spitfire is male  spitfire has posted at least 25 times and has been a member for 3 months or more 
 
31-08-2020, 05:58 AM
10

Re: Credit Scores

In the absence of industry, it is the credit payers who have kept this economy turning over, an industry (service obviously) where workers can easily work from home, as it happens, indirectly, 40 years of it has kept the debt free afloat, in ignorant bliss.
 
Page 1 of 2 1 2 >

Thread Tools


© Copyright 2009, Over50sForum   Contact Us | Over 50s Forum! | Archive | Privacy Statement | Terms of Use | Top

Powered by vBulletin Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.