If this is your first visit, please click the Sign Up now button to begin the process of creating your account so you can begin posting on our forums! The Sign Up process will only take up about a minute of two of your time.

Follow us on Facebook Follow us on Twitter
Page 2 of 2 FirstFirst 12
Results 11 to 18 of 18

Thread: Building credit

  1. #11
    Registered Katapult's Avatar
    Join Date
    Nov 2002
    Long Island NY
    BLACK Amex yea that's a good starter

  2. #12
    Trying to establish credit

    Only use a CC for what you can pay cash for...


    Small Repair Bills
    Nothing Big.. Sound Systems/Upgrades to boat or car.... Save and pay cash for that....

    NEVER EVER have more than 2 CC Only one Visa or MC never have an outstanding balance more than 10% of the total available credit.

    Apply for an American Express Green Card... DO NOT MISS A PAYMENT or they will hunt you down like a dog and kill you!..

    Don't rent buy a condo or house.... Never take an equity loan.

    Once you F up your score you have a ton of work to do to get it back.

  3. #13
    Registered Havasu Hangin's Avatar
    Join Date
    Sep 2001
    273.76 miles from Havasu
    I was told that paying you balance off in full each month does not build revolving credit.

  4. #14
    Registered 97BossHammer's Avatar
    Join Date
    Mar 2002
    Brandon, MS.
    Fightclub - great advice

    I have a friend that lives off his equity line. I don't really understand it all, but I know eventually you have to pay that money back, not a way I'd like to live, but to each his own.

  5. #15
    My Boats:
    yeah....that one
    Join Date
    Mar 2002
    Originally posted by tomtbone1993
    Just apply for a "Black" AE card they will hook you up!!!
    you don't apply son...your invited

  6. #16
    Registered HyperBaja's Avatar
    My Boats:
    1990 Baja 190 DSR
    Join Date
    Sep 2002
    Lewis Center, Ohio
    Originally posted by SLINGSHOT
    you don't apply son...your invited
    Yep, and have to spend 150k a year....

  7. #17
    Registered restabr's Avatar
    My Boats:
    2004, Formula, 353
    Join Date
    Dec 2003
    Pascagoula, MS/Orange Beach, AL
    If your talking about FICO or beacon scores your time on job and time at residence also affect your score. Job because potenitally your employment situation is unstable and residence because may get hard to find (ie collect on). Any recent moves or job changes will bring your score down, not much normally, but it will effect it. Also, car loans, paid on time, are a good way to build credit.

  8. #18
    VIP Member VIP Member Bad Girl's Avatar
    My Boats:
    47 Special Edition 600 SCI's
    Join Date
    Nov 2002
    Great Lakes
    Paying the minimum on any debt is scary advice. Especially on a credit card. But you do have to use credit to build your credit. But you must use the credit WISELY!!!!!

    If you are having trouble getting a credit card or personal loan, try a credit union. They are small, local and personal. They focus on building relationships and don't just look at credit scores. They will likely require that you open a savings or checking account with them.
    47 Lightning SE

Page 2 of 2 FirstFirst 12

Similar Threads

  1. Excel Credit
    By CMC in forum General Boating Discussion
    Replies: 0
    Last Post: 06-22-2008, 06:57 AM
  2. Essex Credit
    By plumbers crack in forum General Boating Discussion
    Replies: 0
    Last Post: 10-22-2005, 06:42 AM
  3. Credit Cards
    By TEAMBAJA in forum General Boating Discussion
    Replies: 21
    Last Post: 12-20-2004, 10:28 AM
  4. Essex Credit
    By FAST ENOUGH in forum General Boating Discussion
    Replies: 7
    Last Post: 02-18-2004, 08:44 AM
  5. OT: Credit Counseling and Credit Reports
    By Chart in forum General Boating Discussion
    Replies: 5
    Last Post: 10-23-2003, 02:21 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
All times are GMT -5. The time now is 05:11 PM.
Powered by vBulletin® Version 4.2.0
Copyright © 2016 vBulletin Solutions, Inc. All rights reserved.
Search Engine Optimization by vBSEO 3.6.1
Original Poster In Postbit provided by Original Poster In Postbit v1.0.0 (Free) - vBulletin Mods & Addons Copyright © 2016 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Copyright 2011 OffShoreOnly. All rights reserved.