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Got no credit history?Follow

#1 Aug 26 2013 at 9:53 AM Rating: Excellent
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Better not have loser friends. Those facebook likes could come back to haunt you. I don't know what college student wouldn't have a credit card or five though. Those companies still have all sorts of booths and what not on campuses on orientation weekends and whatnot?
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#2 Aug 26 2013 at 9:55 AM Rating: Good
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Not having loser friends is pretty good advice in general, not just for credit history.
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#3 Aug 26 2013 at 9:57 AM Rating: Excellent
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How else are you going to meet those attractive single police officers?
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#4 Aug 26 2013 at 10:17 AM Rating: Excellent
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I thought they cut down or regulated some of that campus activity. Back in my day, they'd give out free shirts or food for signing up and, being idiot college students, lots of people went for it. I don't think they're allowed to do that any longer. Of course, even if they're not sitting in the quad, I'm sure they're buying student lists and mailing out a bajillion applications.

Edited, Aug 26th 2013 11:18am by Jophiel
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Wow. Regular ol' Joph fan club in here.
#5 Aug 26 2013 at 10:24 AM Rating: Good
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someproteinguy wrote:
How else are you going to meet those attractive single police officers?
This one weird tip!
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#6 Aug 26 2013 at 10:43 AM Rating: Excellent
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There's been a radio commercial playing that uses the "One Weird Trick" line in it. "People are learning this one weird trick to maximizing your social security payout!" -- I guess they figure old people aren't on the internet enough to be spammed with it daily.

I'm waiting for "Social Security agents hate this Cincinnati grandmother for learning this one weird trick..."
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#7 Aug 26 2013 at 11:34 AM Rating: Good
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someproteinguy wrote:
I don't know what college student wouldn't have a credit card or five though.
Wait, what?
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Theophany wrote:
YOU'RE AN ELITIST @#%^ AETHIEN, NO WONDER YOU HAVE NO FRIENDS AND PEOPLE HATE YOU.
someproteinguy wrote:
Aethien you take more terrible pictures than a Japanese tourist.
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#8 Aug 26 2013 at 11:51 AM Rating: Excellent
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His Excellency Aethien wrote:
someproteinguy wrote:
I don't know what college student wouldn't have a credit card or five though.
Wait, what?
It's a thing here. You give poor college students lots of credit cards, and they spend the rest of their life paying interest on them. It's like the student loan thing, but at higher interest rates.

It's un-American to be debt free or something.
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#9 Aug 26 2013 at 2:12 PM Rating: Good
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His Excellency Aethien wrote:
someproteinguy wrote:
I don't know what college student wouldn't have a credit card or five though.
Wait, what?
I don't know if they still do it, but when I started college, you'd walk around and there'd be credit card solicitors giving **** away like hats, frisbees, etc. in return for you filling out an application. You'd probably have a dozen or so opportunities times over the course of a year to get free **** and get a credit card. Combine this with a general lack of financial education in the States, and you get a massive amount of college kids with credit cards at terrible rates, racking up debt.
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#10 Aug 26 2013 at 3:06 PM Rating: Excellent
I'd fill out the applications, take the free stuff, and never actually confirm any of the credit cards.

Well, I got one, but kept the limit low and didn't use it much, as I was in university and didn't have any money.
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#12 Aug 26 2013 at 5:31 PM Rating: Good
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It's not a thing anymore.

They passed really strict laws regarding college-aged adults and taking out lines of credit. It's nearly impossible to get any now, if you don't have someone cosign for it. Of course, the moment you age out of whatever the restrictions are, you get flooded with offers.

But I got my card because my parents were willing to let me have a shared card on one of their accounts. I had to pay them back for anything I used it for. That built enough credit for me to take out a card designed for students, which remains my only credit card. I don't use it much, which actually works against me when calculating my credit. I should really use it more frequently. Even if it just means using it for my gas each month...
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#13 Aug 26 2013 at 6:14 PM Rating: Good
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How does this credit thing work anyway? Credit card or loans in general are more of a last resort kind of thing over here so it's strange to see you say you should use it more.
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Theophany wrote:
YOU'RE AN ELITIST @#%^ AETHIEN, NO WONDER YOU HAVE NO FRIENDS AND PEOPLE HATE YOU.
someproteinguy wrote:
Aethien you take more terrible pictures than a Japanese tourist.
Astarin wrote:
One day, Maz, you'll learn not to click on anything Aeth links.
#14 Aug 26 2013 at 6:45 PM Rating: Excellent
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His Excellency Aethien wrote:
How does this credit thing work anyway? Credit card or loans in general are more of a last resort kind of thing over here so it's strange to see you say you should use it more.
For most people here it comes up when getting a loan to buy a car or a house. If they don't have any record that you can manage credit responsibly it'll work against you. Some degree of debt (but not too much) is ideal, or so I'm told.

Edited, Aug 26th 2013 5:48pm by someproteinguy
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#15 Aug 26 2013 at 7:44 PM Rating: Good
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A land where your credit score doesn't gatekeep for everything in your life... what's that like?

Essentially, it can be... everything. Want to rent an apartment? You might not get it if you have bad credit. Want to buy a car? Good luck getting approved for an auto loan without credit. Buy a house without credit? Hope you have $300k in cash. There's a bill working it's way through the NY senate, last I heard, to ban credit checks by potential employers as part of your interview process.

Oh yeah, private (and sometimes public) student loans will also check against your credit. Because young students have a credit history. Especially with new laws stopping them from taking out lines of credit...

Fun times.

As for whether or not no credit is better or worse than bad credit, it depends on what you're doing, tbh. A landlord is more likely to be worried about bad credit than no credit; a car dealer will worry more about no credit than bad credit.
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IDrownFish wrote:
Anyways, you all are horrible, @#%^ed up people

lolgaxe wrote:
Never underestimate the healing power of a massive dong.
#16 Aug 26 2013 at 9:27 PM Rating: Excellent
His Excellency Aethien wrote:
How does this credit thing work anyway? Credit card or loans in general are more of a last resort kind of thing over here so it's strange to see you say you should use it more.

Credit cards are a last resort? That's odd. I use my credit card for most of my purchases. I've never rung up more then I can pay off at the end of the month though.
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#17 Aug 27 2013 at 2:41 AM Rating: Good
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Sir Xsarus wrote:
His Excellency Aethien wrote:
How does this credit thing work anyway? Credit card or loans in general are more of a last resort kind of thing over here so it's strange to see you say you should use it more.

Credit cards are a last resort? That's odd. I use my credit card for most of my purchases. I've never rung up more then I can pay off at the end of the month though.
Why not just use your debit card instead then?
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Theophany wrote:
YOU'RE AN ELITIST @#%^ AETHIEN, NO WONDER YOU HAVE NO FRIENDS AND PEOPLE HATE YOU.
someproteinguy wrote:
Aethien you take more terrible pictures than a Japanese tourist.
Astarin wrote:
One day, Maz, you'll learn not to click on anything Aeth links.
#18 Aug 27 2013 at 3:25 AM Rating: Good
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His Excellency Aethien wrote:
Sir Xsarus wrote:
His Excellency Aethien wrote:
How does this credit thing work anyway? Credit card or loans in general are more of a last resort kind of thing over here so it's strange to see you say you should use it more.

Credit cards are a last resort? That's odd. I use my credit card for most of my purchases. I've never rung up more then I can pay off at the end of the month though.
Why not just use your debit card instead then?
Credit scores in the US work something like this:
1. Acquire a debt (buying a car, use a credit card, be a rentor)
2. Pay the debt on time
3. Payments toward debt boosts credit score
4. Higher credit score makes you a safer risk to any future creditor


So, if you want to boost credit score, buy stuff with credit card and pay in a timely manner to increase credit score.
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#19 Aug 27 2013 at 3:53 AM Rating: Good
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So basically a guilty until proven innocent kind of thing, people/companies assume you can't pay off debts unless you've done so before.


I'm very glad we don't have a similar system here because I know I shouldn't have a credit card.
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Theophany wrote:
YOU'RE AN ELITIST @#%^ AETHIEN, NO WONDER YOU HAVE NO FRIENDS AND PEOPLE HATE YOU.
someproteinguy wrote:
Aethien you take more terrible pictures than a Japanese tourist.
Astarin wrote:
One day, Maz, you'll learn not to click on anything Aeth links.
#20 Aug 27 2013 at 6:52 AM Rating: Good
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His Excellency Aethien wrote:
So basically a guilty until proven innocent kind of thing, people/companies assume you can't pay off debts unless you've done so before.


I'm very glad we don't have a similar system here because I know I shouldn't have a credit card.


Yeah, that's pretty much it. People do it, because it's really difficult to live in the US without some lines of credit.
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IDrownFish wrote:
Anyways, you all are horrible, @#%^ed up people

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#21 Aug 27 2013 at 7:12 AM Rating: Good
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His Excellency Aethien wrote:
Sir Xsarus wrote:
His Excellency Aethien wrote:
How does this credit thing work anyway? Credit card or loans in general are more of a last resort kind of thing over here so it's strange to see you say you should use it more.

Credit cards are a last resort? That's odd. I use my credit card for most of my purchases. I've never rung up more then I can pay off at the end of the month though.
Why not just use your debit card instead then?

You can find a credit card with a nice rewards or points package attached to it, and if you pay off before the interest compounds, you don't lose out on anything. And you get money/merchandise.

And then you don't have to keep large sums of money in your checking account (for the debit card use) where it's not earning any interest (or even less than the very little you get in savings), you can keep it somewhere else.
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#22 Aug 27 2013 at 7:15 AM Rating: Excellent
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His Excellency Aethien wrote:
So basically a guilty until proven innocent kind of thing, people/companies assume you can't pay off debts unless you've done so before.

While "true", we're not talking a court of law, we're talking places who make their business lending money. They don't make any money if the other guy fails to pay them back. Wanting some form of evidence that you'll do so isn't all that unseemly. Creditors pull a lot of crap I wouldn't defend but I don't think credit checks are something that's innately bad.

Some people use their credit cards because they offer rewards for usage: airline miles, cash back, reward points usable for gifts, etc. The banks do this to promote usage in the hopes that you'll keep a balance and pay interest but you can just as easily game the system and collect free airline miles by using your card and paying it off promptly. Last wedding anniversary, my wife and I enjoyed a $750 one-night stay at the Chicago Trump Hotel and paid nothing since we used points accumulated on the card.
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Wow. Regular ol' Joph fan club in here.
#23 Aug 27 2013 at 7:23 AM Rating: Good
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Jophiel wrote:
His Excellency Aethien wrote:
So basically a guilty until proven innocent kind of thing, people/companies assume you can't pay off debts unless you've done so before.

While "true", we're not talking a court of law, we're talking places who make their business lending money. They don't make any money if the other guy fails to pay them back. Wanting some form of evidence that you'll do so isn't all that unseemly. Creditors pull a lot of crap I wouldn't defend but I don't think credit checks are something that's innately bad.
Plus, breaking people's legs when they don't pay up is kind of against the law.
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#24 Aug 27 2013 at 7:25 AM Rating: Good
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Yeah, but try proving it.

You know, without having more of your body broken afterwards.
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#25 Aug 27 2013 at 7:29 AM Rating: Good
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Jophiel wrote:
His Excellency Aethien wrote:
So basically a guilty until proven innocent kind of thing, people/companies assume you can't pay off debts unless you've done so before.

While "true", we're not talking a court of law, we're talking places who make their business lending money. They don't make any money if the other guy fails to pay them back. Wanting some form of evidence that you'll do so isn't all that unseemly. Creditors pull a lot of crap I wouldn't defend but I don't think credit checks are something that's innately bad.
I realize it's not court of law but it was the easiest way to get my point across. And I think it's kind of odd to force people to get a credit card if they want to get a loan later in life.

As far as showing you can pay your bills, wouldn't a proof of (high enough) income suffice?
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Theophany wrote:
YOU'RE AN ELITIST @#%^ AETHIEN, NO WONDER YOU HAVE NO FRIENDS AND PEOPLE HATE YOU.
someproteinguy wrote:
Aethien you take more terrible pictures than a Japanese tourist.
Astarin wrote:
One day, Maz, you'll learn not to click on anything Aeth links.
#26 Aug 27 2013 at 7:31 AM Rating: Good
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His Excellency Aethien wrote:
As far as showing you can pay your bills, wouldn't a proof of (high enough) income suffice?
Ha ha, no. Just because you make a lot of money doesn't mean you use that money to pay your bills.
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George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
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