What does credit score say about you?

[Winchester]

[Saz]

[Saz]

Still trying to figure out what to do with this extra 50k I took out in student loans. Really need Hillary to drop the rates before the end of 2017 otherwise I could be wandering into losing territory lol

[Saz]

[Spider]

Saz, lets recap how you went off the rails:

(Direct quotes)

Spider: "You don't have to carry a balance. As in, pay interest monthly on an outstanding amount. If you use revolving credit, but pay it off before the interest accrues, you are still "demonstrating active revolving credit management".

Saz: "No, you will not. Are you illiterate? The only possible way to do this without interest would be to have 0% APR cards continuously, but that would obviously bring down your age of credit since those sort of offers are only for new cardholders. You cannot use the card and then pay it off each month before the interest hits and still be seen to be demonstrating active revolving management over a significant period.

That is the problem here. We're talking about revolving credit.
You believe that it doesn't register as usage unless you've paid interest on it.
That is simply not correct.

Honestly, the rest of your rant was insecure trolling and ad homs to be sure, so I didn't bother. This above is what I'm interested in because it actually falls into the scope of what I'm saying, as opposed to your efforts at obfuscation and goal post movement.

To be perfectly clear, my position is that you will develop payment history and utilization rate on your cards whether you carry a balance to the extreme of actually paying interest on it or not.
That's it. That simple. That and nothing else.

I know this because my usage and payment histories are all perfectly consistent despite the fact that I haven't paid a cent of interest since I was a teenager.

Is it possible that there is still something you do not understand in all of this?

[Spider]

[Spider]

And Saz, maybe this will help. Maybe this guy explains it better:

For example... let's say you have two credit cards, each with $10,000 lines of credit, and let's say that you regularly charge $5K - $7K per month in total on these credit cards, but you always pay the statements in full. (Many people charge ALL their monthly expenses for rewards points - and I don't blame them.)

You then receive your statements between the 6th and 12th the following month, and you proudly pay your entire balance. By paying your statement in full, obviously you pay no interest. However, what you may not realize, is the both of these credit card issuers already reported to the credit bureaus the same day they generated the statement. Thus... when a potential lender pulls your credit report, you will have a 25-35% debt to credit limit ratio, AKA, "credit card utilization rate."

See how that works? Even though you are paying in full, even though you are avoiding interest, the credit bureaus are still registering that activity, it is still being factored into your utilization rate, etc etc.

So. Just as I said...no interest, yet still pasted all over your credit reports. I repeat. You DO NOT have to pay interest to gain the benefit of using that credit. That so many people seem to think you do is f**k sad, and a waste of god knows how much money.

[Saz]

You believe that it doesn't register as usage unless you've paid interest on it.
That is simply not correct.

No I do not you dipshit. Have you not read? It always registers as usage, my point is that over a SIGNIFICANT PERIOD your lender will report your utilisation on the same day it is paid off, sending the credit bureau the message that your utilisation is zero. Various lenders, chase in particular, will vary their reporting dates to ensure that you have 0 utilisation if you are paying off every month.

Jesus Christ you are so dumb you can't even understand the point here, which is about two levels past the basic utilisation shit you are talking about. Go back to credit cards.com you moron, this is exactly why you didn't respond to the rest of my post because you are 100% out of your depth.

Of course you didn't bother, you are wrong and so you just keep repeating the same shit about utilisation as if you are the only one that can read credit karma.

My position has been perfectly clear, you will never have an 800+ credit score without paying interest. No one gives a shit about your internet tips on how to get to 750, the point is regardless of what you do you will never have excellent 800+ credit unless you have paid interest somewhere to someone. Get out of this thread you are an amateur and giving bad advice.

[Saz]

[Spider]