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Credit Card - Federal Requirements

Discussion in 'Money & Finances' started by Tom Young, Oct 28, 2019.

  1. Thomas Stearn

    Thomas Stearn Veteran Member
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    My credit score is impeccable. No credit cards, no loans.:cool:
     
    #16
  2. Bess Barber

    Bess Barber Veteran Member
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    Me either. Not in my whole life have I ever been in debt, other than regular household bills.
     
    #17
  3. Hal Pollner

    Hal Pollner Veteran Member
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    Good on you, Lady Barber!

    Halsworth Hallington III
     
    #18
  4. Bess Barber

    Bess Barber Veteran Member
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    Good Jews don't get in debt. We LEND money. :D
     
    #19
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  5. Shirley Martin

    Shirley Martin Supreme Member
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    You use to be able to get an annual free credit report at FreeCreditReport.gov.
     
    #20
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  6. Frank Sanoica

    Frank Sanoica Supreme Member
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    @Shirley Martin
    Two of my credit card issuers include a print-out of my credit score along with each billing. Seems like no matter what I do, even misbehaving credit-wise, never changes it much, though it is never the same every month. Always ranges between 810-820.
    Frank
     
    #21
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  7. Nancy Hart

    Nancy Hart Supreme Member
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    My mother had no credit score. Never had a credit card, never any debts in her name. Savings and checking account records were not enough.

    Let me tell you how hard it was to get satellite TV installed for her in her name at her house---impossible. They wanted a credit report, period! It wasn't that long ago either.

    The only alternative was to get someone else, with a credit report, to have the service installed under their name.
     
    #22
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  8. Beth Gallagher

    Beth Gallagher Supreme Member
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    I think that was pretty common for our mothers' generation. My mother was the same... dad handled all the finances and she never worked outside the home. All of their financial records were likely in his name only.
     
    #23
  9. Frank Sanoica

    Frank Sanoica Supreme Member
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    @Nancy Hart Closely allied, is today's "no cash accepted" policy which has become widespread. In 1999, the guy who bought our house in Phoenix was called upon to provide a small payment to the Title Co., I forget it's purpose, but it was a couple hundred bucks. He drove in to town with cash: they refused it, no cash accepted for any purpose. It became a knock-down, drawn-out battle. I smiled, knowing our buyer was a lot like I was. Finally, an official at the company wrote his OWN personal check, and too Robert's cash!
    Frank
     
    #24
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  10. Hal Pollner

    Hal Pollner Veteran Member
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    After David Sarnoff founded RCA by buying up all the independent radio stations in the USA, he used to say: "I don't get ulcers...I GIVE 'em!"

    There was a powerful entrepreneur!

    Hal
     
    #25
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  11. Faye Fox

    Faye Fox Veteran Member
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    Only debt for me is mortgage and property taxes. One credit card I pay in full every month. My credit score just keeps decreasing and I could care less! It is all a criminal game. I have never been late for a payment or filed bankruptcy, but the score they give me is in the 600's. I say my score is 1000 and those agencies are just fake reporting. I was refused a preferred lease at a retirement community I was considering, because of my score. I told them they were damn fools for not checking my real record and the police record showing my ID was stole twice and the criminal reporting agencies refused to clean up the mess they created.
     
    #26
  12. Beth Gallagher

    Beth Gallagher Supreme Member
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    We use a Visa card for most of our monthly expenses; it pays 5% cash back which is a tidy sum of free money. It is paid in full monthly.
     
    #27
  13. Faye Fox

    Faye Fox Veteran Member
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    Mine pays 1% to 3%. Nice to get a bonus every spring. I will have to look for a 5% one.
     
    #28
  14. Tom Young

    Tom Young Very Well-Known Member
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    #29
  15. Lon Tanner

    Lon Tanner Supreme Member
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    #30
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