"Eisboch" wrote in message
...

"D.Duck" wrote in message
...


I'm pretty much in the same position. I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. For those that will need credit, the extra baggage on the
credit report won't help.




The last credit report I read indicated that my score was not as high as
it could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. Now that I don't need it, I have all kinds
of credit available and I don't use any of it.

But, I also remember that it took me 10 years to pay off a small balance
on a stupid Hechinger's credit card that I had back in the Navy. Every
penny counted for many years.

Eisboch


I haven't had a mortgage since 1994. Maybe there's something else in the
Fair Isaacs formula. From what I understand their metrics and analysis
tools are a closely guarded secret.

On Dec 6, 11:30*am, "Eisboch" wrote:
"D.Duck" wrote in message

...



I'm pretty much in the same position. *I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. *For those that will need credit, the extra baggage on the
credit report won't help.

The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. * Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, *I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. *Every penny
counted for many years.

Eisboch

When we took a home equity loan to prepare our shoreline home for
rental property they told us our credit was good, but would be better
if we had some credit cards so we got a couple and use them here and
there but pay them off as soon as possible...

Last week we had one of them write a letter and they told us our
credit line was going to go down, and our rate up because we screwd up
and were three days late with a payment. We sent a payment in that
nearly closed the account and scared the crap out of them, so they
upped our limit again and kept our low rate right where it was They
were afraid we would pay it off completely and they would have
nothing... little do they know, they are all gettint paid off next
month, save the motorcycle loan which is at a very low rate anyway...

On Sat, 6 Dec 2008 11:30:04 -0500, "Eisboch" wrote:


"D.Duck" wrote in message
m...


I'm pretty much in the same position. I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. For those that will need credit, the extra baggage on the
credit report won't help.




The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. Every penny
counted for many years.

Eisboch


For me it was Sears, and a wife who couldn't control herself.
--
John H.

On Sat, 6 Dec 2008 08:50:12 -0800 (PST),
wrote:

On Dec 6, 11:30*am, "Eisboch" wrote:
"D.Duck" wrote in message

...



I'm pretty much in the same position. *I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. *For those that will need credit, the extra baggage on the
credit report won't help.

The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. * Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, *I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. *Every penny
counted for many years.

Eisboch

When we took a home equity loan to prepare our shoreline home for
rental property they told us our credit was good, but would be better
if we had some credit cards so we got a couple and use them here and
there but pay them off as soon as possible...

Last week we had one of them write a letter and they told us our
credit line was going to go down, and our rate up because we screwd up
and were three days late with a payment. We sent a payment in that
nearly closed the account and scared the crap out of them, so they
upped our limit again and kept our low rate right where it was They
were afraid we would pay it off completely and they would have
nothing... little do they know, they are all gettint paid off next
month, save the motorcycle loan which is at a very low rate anyway...

Now that the credit union gives rebates for VISA purchases:

# Earn 2% cash back on supermarket purchases*
# Earn 5.00% cash back from gas purchases paid at the pump*
# Earn 1.25% cash back from all purchases** you make with the card during
each billing cycle

I use it for everything. If I buy two baking potatoes, they get put on
VISA. I get some funny looks at the grocery store, but it's a good
deal...if it's paid off monthly.
--
John H.

On Dec 6, 12:26*pm, JohnH wrote:
On Sat, 6 Dec 2008 08:50:12 -0800 (PST),
wrote:





On Dec 6, 11:30*am, "Eisboch" wrote:
"D.Duck" wrote in message

om...

I'm pretty much in the same position. *I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. *For those that will need credit, the extra baggage on the
credit report won't help.

The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. * Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, *I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. *Every penny
counted for many years.

Eisboch

When we took a home equity loan to prepare our shoreline home for
rental property they told us our credit was good, but would be better
if we had some credit cards so we got a couple and use them here and
there but pay them off as soon as possible...

Last week we had one of them write a letter and they told us our
credit line was going to go down, and our rate up because we screwd up
and were three days late with a payment. We sent a payment in that
nearly closed the account and scared the crap out of them, so they
upped our limit again and kept our low rate right where it was *They
were afraid we would pay it off completely and they would have
nothing... little do they know, they are all gettint paid off next
month, save the motorcycle loan which is at a very low rate anyway...

Now that the credit union gives rebates for VISA purchases:

# Earn 2% cash back on supermarket purchases*
# Earn 5.00% cash back from gas purchases paid at the pump*
# Earn 1.25% cash back from all purchases** you make with the card during
each billing cycle

I use it for everything. If I buy two baking potatoes, they get put on
VISA. I get some funny looks at the grocery store, but it's a good
deal...if it's paid off monthly.
--
John H.- Hide quoted text -

- Show quoted text -

What we do is use a Visa card for gasoline and groceries... then we
send one big check out every month but it keeps the credit reporting
agencies happy as long as we are using a card. The only real balance
we carry is the Kawasaki card and that will be done in a few months
too. By spring we should be ready to start over, we need a new
enclosed trailer for the bikes so we can get them out of the kitchen

On Dec 6, 11:22*am, JohnH wrote:
On Sat, 6 Dec 2008 11:30:04 -0500, "Eisboch" wrote:

"D.Duck" wrote in message
m...

I'm pretty much in the same position. *I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. *For those that will need credit, the extra baggage on the
credit report won't help.

The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. * Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, *I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. *Every penny
counted for many years.

Eisboch

For me it was Sears, and a wife who couldn't control herself.
--
John H.- Hide quoted text -

- Show quoted text -

Same thing from 1975-1978.

I still hate sears.

On Dec 6, 11:41*am, wrote:
On Dec 6, 12:26*pm, JohnH wrote:





On Sat, 6 Dec 2008 08:50:12 -0800 (PST),
wrote:

On Dec 6, 11:30*am, "Eisboch" wrote:
"D.Duck" wrote in message

om...

I'm pretty much in the same position. *I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. *For those that will need credit, the extra baggage on the
credit report won't help.

The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. * Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, *I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. *Every penny
counted for many years.

Eisboch

When we took a home equity loan to prepare our shoreline home for
rental property they told us our credit was good, but would be better
if we had some credit cards so we got a couple and use them here and
there but pay them off as soon as possible...

Last week we had one of them write a letter and they told us our
credit line was going to go down, and our rate up because we screwd up
and were three days late with a payment. We sent a payment in that
nearly closed the account and scared the crap out of them, so they
upped our limit again and kept our low rate right where it was *They
were afraid we would pay it off completely and they would have
nothing... little do they know, they are all gettint paid off next
month, save the motorcycle loan which is at a very low rate anyway...

Now that the credit union gives rebates for VISA purchases:

# Earn 2% cash back on supermarket purchases*
# Earn 5.00% cash back from gas purchases paid at the pump*
# Earn 1.25% cash back from all purchases** you make with the card during
each billing cycle

I use it for everything. If I buy two baking potatoes, they get put on
VISA. I get some funny looks at the grocery store, but it's a good
deal...if it's paid off monthly.
--
John H.- Hide quoted text -

- Show quoted text -

What we do is use a Visa card for gasoline and groceries... then we
send one big check out every month but it keeps the credit reporting
agencies happy as long as we are using a card.

I dont' even mail Visa a check, i transfer it over the phone.

On Dec 6, 12:47*pm, Tim wrote:
On Dec 6, 11:41*am, wrote:





On Dec 6, 12:26*pm, JohnH wrote:

On Sat, 6 Dec 2008 08:50:12 -0800 (PST),
wrote:

On Dec 6, 11:30*am, "Eisboch" wrote:
"D.Duck" wrote in message

om...

I'm pretty much in the same position. *I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. *For those that will need credit, the extra baggage on the
credit report won't help.

The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. * Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, *I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. *Every penny
counted for many years.

Eisboch

When we took a home equity loan to prepare our shoreline home for
rental property they told us our credit was good, but would be better
if we had some credit cards so we got a couple and use them here and
there but pay them off as soon as possible...

Last week we had one of them write a letter and they told us our
credit line was going to go down, and our rate up because we screwd up
and were three days late with a payment. We sent a payment in that
nearly closed the account and scared the crap out of them, so they
upped our limit again and kept our low rate right where it was *They
were afraid we would pay it off completely and they would have
nothing... little do they know, they are all gettint paid off next
month, save the motorcycle loan which is at a very low rate anyway....

Now that the credit union gives rebates for VISA purchases:

# Earn 2% cash back on supermarket purchases*
# Earn 5.00% cash back from gas purchases paid at the pump*
# Earn 1.25% cash back from all purchases** you make with the card during
each billing cycle

I use it for everything. If I buy two baking potatoes, they get put on
VISA. I get some funny looks at the grocery store, but it's a good
deal...if it's paid off monthly.
--
John H.- Hide quoted text -

- Show quoted text -

What we do is use a Visa card for gasoline and groceries... then we
send one big check out every month but it keeps the credit reporting
agencies happy as long as we are using a card.

I dont' even mail Visa a check, i transfer it over the phone.- Hide quoted text -

- Show quoted text -

Well, yeah, that's what we do. And it was Sears that decided to bump
us up/down as a matter of fact, they are the worst and we are dumping
them...

"JohnH" wrote in message
...
On Sat, 6 Dec 2008 11:30:04 -0500, "Eisboch" wrote:


"D.Duck" wrote in message
om...


I'm pretty much in the same position. I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. For those that will need credit, the extra baggage on the
credit report won't help.




The last credit report I read indicated that my score was not as high as
it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. Now that I don't need it, I have all kinds
of
credit available and I don't use any of it.

But, I also remember that it took me 10 years to pay off a small balance
on
a stupid Hechinger's credit card that I had back in the Navy. Every penny
counted for many years.

Eisboch


For me it was Sears, and a wife who couldn't control herself.
--
John H.

Do they still have Hechinger's around that area? It was sorta like a
hardware/mini Lowes type place back in the late 70's.

Eisboch

wrote:
On Dec 6, 11:30 am, "Eisboch" wrote:
"D.Duck" wrote in message

...



I'm pretty much in the same position. I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. For those that will need credit, the extra baggage on the
credit report won't help.
The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. Every penny
counted for many years.

Eisboch

When we took a home equity loan to prepare our shoreline home for
rental property they told us our credit was good, but would be better
if we had some credit cards so we got a couple and use them here and
there but pay them off as soon as possible...

Last week we had one of them write a letter and they told us our
credit line was going to go down, and our rate up because we screwd up
and were three days late with a payment. We sent a payment in that
nearly closed the account and scared the crap out of them, so they
upped our limit again and kept our low rate right where it was They
were afraid we would pay it off completely and they would have
nothing... little do they know, they are all gettint paid off next
month, save the motorcycle loan which is at a very low rate anyway...

Next time call them tell them that you are tired of them playing games
with depositing your checks late and as soon as your account balance is
zero you are going to close your account. See what they offer.