I heard that the "no payments for a year" store offers hurts your credit. You just confirmed it.
. On Thu, Jan 6, 2011 at 4:21 PM, G Money <gm0n3...@gmail.com> wrote: > > Credit scores make no sense to me. > > About 4 or 5 years ago, I started getting notices from places when applying > for credit that I was not going to receive their best rates because of my > credit score. > > This puzzled me since i'd never missed a payment. > > Well, I'd recently bought some stuff from Nebraska furniture mart on one of > their ludicrous "36 months no interest financing" or some deal. I was making > my minimum payments every month, but even so, just by having several open > accounts like that, my score had been dragged down. > > Which thoroughly confused me. I mean, in order to get good credit, you have > to build up a credit history...which means you have to borrow a little bit > more, and pay them off timely. Yet, while you go about amassing this credit, > doing so actually lowers your score...even as you pay it off timely! > > I dunno.....i though it was all bullshit. I paid off the TV and the > furniture set the next day, and my score shot back up. Stupid. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:332978 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
