Bankruptcy Forever
- Tishbel
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WELL DONE! You didn't just save money. If movers where you are are any like the last ones I hired, you probably saved anything fragile that needed moving!FrankN wrote: We just finished moving in. MAN MOVING IS TIRING. I am too cheap to hire people so we did it all ourselves.
- FrankN
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- Wanderer
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Replied by Wanderer on topic Credit
- FrankN
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Replied by FrankN on topic Credit
- Moneyes
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Replied by Moneyes on topic Credit
- Goldbug
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Replied by Goldbug on topic Credit
The problem with using cash is that money laundering regulations place a limit on how much you can spend in cash or by cash transfer. You might get away with a debit card and the cash in an account, but in order to stop organised crime a lot of innocent people get penalised.Moneyes wrote: If all else fails, pay cash.
Credit and the ensuing rating is important for getting your name established in the financial world. There is no denying that. But there is no greater buying power, even in 2017, than cold, hard cash.
- Lexie
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Replied by Lexie on topic Credit
- FrankN
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Replied by FrankN on topic Credit
- Moneyes
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Replied by Moneyes on topic Credit
Wanderer wrote: So what do we do for credit in the future? Take your credit very seriously. In this automated world you can't hide. And, there may be no forgiveness.
Signed Concerned
If all else fails, pay cash.
Credit and the ensuing rating is important for getting your name established in the financial world. There is no denying that. But there is no greater buying power, even in 2017, than cold, hard cash.
- Wanderer
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- FrugalFran
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Replied by FrugalFran on topic Re: Bankruptcy Forever
- Wanderer
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- Goldbug
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Replied by Goldbug on topic Re: Bankruptcy Forever
I know this is an old thread but that was a really accurate prediction. The last time I talked credit with my bank, they asked for my employment contract and three paystubs. It was a problem because I'd only been working there four weeks! It seems like this is normal practice for some places now, as well getting credit reports and checking credit scores.Meya wrote: I saw on the news where they were talking about consumers will soon have to provided pay check stubs, tax returns, or W2's in order to get credit established with banks. I really cant argue with them on this because showing proof of the income that we state does open a better relationship for banks to grant consumers credit, and to show some trustworthy of our ability to pay. Then they can compare our current income-to-debt-to-credit line ratio. Can anyone else agree?:
- Meya
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Replied by Meya on topic Re: Bankruptcy Forever
- Meya
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Replied by Meya on topic Re: Bankruptcy Forever
You are included in this too Buddie, we love to read your post and value your info as well. Thanks, we need a blush smiley in here...lol:laugh:Compliments to the FG Super Moderator, Finance Captains and Finance Leaders for the their ongoing patience and accuracy of information along with powerful insight.
Good info, and I can agree with what you are saying. I was just telling my friend (who is about to purchase her first house) that banks see beyond the 7 yr itch regardless if it has dropped from your Cr. Whatever tool they are provided with from the 3bb's, I will never know, but be aware of the relief that we get when all baddies has dropped from our reports because banks (mainly mortgages) can look deeper.
I saw on the news where they were talking about consumers will soon have to provided pay check stubs, tax returns, or W2's in order to get credit established with banks. I really cant argue with them on this because showing proof of the income that we state does open a better relationship for banks to grant consumers credit, and to show some trustworthy of our ability to pay. Then they can compare our current income-to-debt-to-credit line ratio. Can anyone else agree?: