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Non-Cattle Specific Topics
Coffee Shop
Borrowing money to build credit.
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<blockquote data-quote="JMJ Farms" data-source="post: 1332248" data-attributes="member: 24583"><p>I've got both my truck and my wife's car financed at 1.9%. My house is financed at 3.75%. (I paid half down when I built it). That's where good credit scores really help. (Credit cards aka revolving credit make up approximately 1/3 of your credit score. Lenders want to see that you have available credit that you are not utilizing. Try to keep a current balance around 10-20% for best results and pay it every month) There's nothing wrong with paying as you go. Nothing wrong with borrowing as long you live within your means. I work hard and I like to enjoy a few things a life. But I do look forward to the day when hopefully I don't have to use banks anymore. </p><p></p><p>FWIW, we don't buy band new vehicles either. I prefer to let someone else have the first 15-20k miles. But that's just a personal choice.</p></blockquote><p></p>
[QUOTE="JMJ Farms, post: 1332248, member: 24583"] I've got both my truck and my wife's car financed at 1.9%. My house is financed at 3.75%. (I paid half down when I built it). That's where good credit scores really help. (Credit cards aka revolving credit make up approximately 1/3 of your credit score. Lenders want to see that you have available credit that you are not utilizing. Try to keep a current balance around 10-20% for best results and pay it every month) There's nothing wrong with paying as you go. Nothing wrong with borrowing as long you live within your means. I work hard and I like to enjoy a few things a life. But I do look forward to the day when hopefully I don't have to use banks anymore. FWIW, we don't buy band new vehicles either. I prefer to let someone else have the first 15-20k miles. But that's just a personal choice. [/QUOTE]
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Borrowing money to build credit.
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