finance manager
why ppl so envy about a 780+ credit score ?
i know I can build a score like tht within 6 months
I taught others to do that before getting a mortage or car loan.
all u need to do it to apply as many of credit as u can within the same month ( as the score wont update fast enough for inqueries)
Start using each of ur creditcard by carrying a high balance and pay it off . maintain 40% debt ratio , borrow a car loan and paid it up ( even u have cash in hand , pay it up after couple of days )
The way they calculate credit score only cares about ur high balance of each card and add them together and divided by ur current owe.
u can easily build top scores w/o even having a job(it's not on file anyway).
i know I can build a score like tht within 6 months
I taught others to do that before getting a mortage or car loan.
all u need to do it to apply as many of credit as u can within the same month ( as the score wont update fast enough for inqueries)
Start using each of ur creditcard by carrying a high balance and pay it off . maintain 40% debt ratio , borrow a car loan and paid it up ( even u have cash in hand , pay it up after couple of days )
The way they calculate credit score only cares about ur high balance of each card and add them together and divided by ur current owe.
u can easily build top scores w/o even having a job(it's not on file anyway).
Newbie
Joined: Nov 2005
Posts: 96
Likes: 0
From: Columbus, IN
Ask the finance manager for a written statement saying he made you lie on your paperwork. Then when you default because you can't afford the car you got it in hand. Ya like that will happen. Good Luck!!! My car costs me as much as my house after all is said and done. Insurance, Gas, Maintenance, Car Loan. Take a real good look before you do this.
Evolving Member
Joined: Jun 2004
Posts: 402
Likes: 0
From: Palo Alto, CA
Holy sh** you make $1400 a month and you afford an Evo? Dude that's like $16.8k a year. That's below poverty level. How are you pulling that off? I would set aside that much just for maintenance, mods, and insurance. Do you not eat or buy clothes? That is seriously insane. At that kind of salary, I would hesitate to own a car at all. I'd be riding a damn bike. What are you doing for a living?
Originally Posted by DarkMastyr
Holy sh** you make $1400 a month and you afford an Evo? Dude that's like $16.8k a year. That's below poverty level. How are you pulling that off? I would set aside that much just for maintenance, mods, and insurance. Do you not eat or buy clothes? That is seriously insane. At that kind of salary, I would hesitate to own a car at all. I'd be riding a damn bike. What are you doing for a living?
Newbie
Joined: Aug 2006
Posts: 14
Likes: 0
From: Houston, TX
This post has really clued me into the ludicrous insurance rates on the Evo. Some of you need to get your priorites straight. I thought I was retarded for buying this car with 4200 mo take home DINKS and 16k down on the car!
You know your credit score really has nothing to do with your income. It's based on credit history, the amount of revolving credit you have (unsecured personal loans, credit cards) and your debit to income ratio. My credit score is only 665 and thats because all of me and my wifes loans and cars are in my name and my debit to income ratio is like 40% even though she works and together its more like 16%.
Originally Posted by cdupont03
You know your credit score really has nothing to do with your income. It's based on credit history, the amount of revolving credit you have (unsecured personal loans, credit cards) and your debit to income ratio. My credit score is only 665 and thats because all of me and my wifes loans and cars are in my name and my debit to income ratio is like 40% even though she works and together its more like 16%.
Your credit score would be low due to recent inquiries, potentially late payments, most weight is applied to revolving balance to limit ratios.
If you have 20,000 in credit card limits and owe $17000, your credit score will be lower.
Newbie
iTrader: (9)
Joined: Apr 2006
Posts: 48
Likes: 0
From: Bakersfield (Smells great here come visit!)
Why u guys bashing a guy making 1200 and wanting an evo? show some love man! I personally make around that much and still don't know how the heck I did it. Here's my breakdown 03 Evo 24K out the door, 4k down, 20k financed, 680 score, $420 monthly payment, around $1200 for a year of insurance, $200-300 monthly rent (My room is a tad bigger than a walk in closet hehe j/k), $100 bucks for gas (go cheap on long trips and make your friends drive), Weekend dining only, Trust me, it's close every damn month, but what can I say, it's an evo so it's worth it hehe. Be nice ppl and show some love for the guy 
Oh last thing, seriously everybody lies about their income, I told them I was manager and made 3500 a month hehe.
Oh last thing, seriously everybody lies about their income, I told them I was manager and made 3500 a month hehe.
