Credit is great if used responsibly. Latest offer, not even 1 week has gone by since I paid them off, 4.7% APR till 1/03. Thanks CreditWorks. www.creditsense.com
This is in reference to my use of my MBNA line for credit exercising. Exercising my credit, to make it grow strong, to make it less expensive and get more of it. www.creditsense.com
Should I MAX it out (BT to checking account)??? And make $1,000 payments every week??? It is at <30% of limit... I still DON'T have any GUTS to ask about a LIMIT INCREASE...they will do another "HARD" with-out telling me!!!
Oh I see what you mean about MBNA. Now I'm not being a smart alec here but, when you said "great job credit works" you were congratulating yourself.
mbna always offers me 1.7% for 9 months. course they have that fee that negates the low apr rate. Checks go in the garbage..
"I was going to do a BT for $X,XXX (OR $XX,XXX)...but the $30 or $40 fee makes it not wise in my opinion...can you give me credit for the fee"??? IF THEY SAY NO...YOU CAN SAY "BUH BYE"...IF THEY SAY "YES"...YOU CAN SAY THANK YOU!!!
Of course, good pick up. The difference between most credit users and me is CreditWorks, I could not care less about a $40 fee on $15,000, I am getting 19.47% APR while I am only paying 4.7% APR, that leaves me with more than 10% profit even with the fee. Yes, I exercise it close to the limit, usually the limit - 1000 and make very large payments, carry the balance for as long as the offer lasts. www.creditsense.com
So would you say it's better to run up the balance on a card, then make large payments to pay it down. Or better to keep utilization under say 30 percent and pay it off every month.
It depends on what you want to do with your credit. My goal is to get more credit and to get it at a lower rate. I don't look at utilization or FICO, I take advantage of all rates under 10%, I am a firm believer in letting the banks make money as long as I make some too. www.creditsense.com
They can also get you for the FEE on the phone too... I haven't tried the checking deposit yet...sounds like a good way to go though...
George: MBNA would wave fee if you ask them. They will also depost funds to your checking account the following day by ach. Creditsense: 19% is very good. How can you afford paying such high interest?
We use the money to trade stocks short term. Not investing, not day trading. It has not been easy to make money for CreditWorks, but the advantage we have is that the shareholders get to write off any loses. Lenders don't, but lenders have been making 19.47% APR since 1996, that beats savings accounts, CDs, bonds and of course the stock market the last 3 or 4 years. We are going through the toughest market to make money since the 1929 crash, but we are still making payments and making them on time. www.creditsense.com
This thread is beginning to sound too much like a commercial. Please, please don't ruin creditnet by making it one of those many sites where every post is a commercial. I don't mind the commericals on the side b/c you know what they are and they don't pretend to be regular sites.
Please ignore my posts, they are all related to leveraging credit. This is not an advertising, I am just presenting an alternate way of using credit. I am not asking you or anyone else to participate. www.creditsense.com
