Open account

Discussion in 'Credit Talk' started by myfirst, Aug 11, 2002.

  1. myfirst

    myfirst Member

    If you have no credit at all and you get a $20,000 line of credit what do you think the score would be.

    Thanks
     
  2. Platinum

    Platinum Well-Known Member


    If you have no credit at all, then who is going to give you $20.000 line of credit???
     
  3. myfirst

    myfirst Member

    It was just a question IF you get a $20,000 line of credit.

    Thanks
     
  4. Platinum

    Platinum Well-Known Member

    Forget it...
     
  5. myfirst

    myfirst Member

    So I guess no one know what kind of credit score would show up if you got a $20,000 line of credit.

    Thanks
     
  6. LKH

    LKH Well-Known Member

    The next post will be an offer to add a $20,000 perfectly paid acct to your file for $$$$$$
     
  7. ioan

    ioan Well-Known Member

    Hi,

    I was almost in that situation, my wife got a 11,400 credit card and I am an authorized user on it. I didn't have any credit before that. I started with a score of 599 a few months (maybe 6 months) after getting the card, but by that time I think we had already used a good portion of the credit limit.

    So I think that with 20,000 you would start somewhere in the 600, but I think you will have to wait a few months before they even start calculating a score, so you wouldn't get a score right away.

    Now, we are all waiting to know how to get a 20,000 LOC with no credit history :)
     
  8. myfirst

    myfirst Member

    Think you.A lot of people say you might get a score of 700 or less.
    Thanks that I wanted to know.
     
  9. LKH

    LKH Well-Known Member

    myfirst, how are you going to do this? Has someone offered to sell you a tradeline?
     
  10. myfirst

    myfirst Member

    NO,I read on this board and other credit boards people asking questions about credit scores and I thought I would ask the question.

    Thanks
     
  11. ioan

    ioan Well-Known Member

    How can you buy a tradeline ?
     
  12. LKH

    LKH Well-Known Member

    It's illegal. Some joker named bobby used to stir up trouble here by offering his "services" to members. Don't even consider it.
     
  13. myfirst

    myfirst Member

    What kind of services was offer?

    Thanks
     
  14. LKH

    LKH Well-Known Member

    For a set amount of $$, they (he) would report a positive tradeline to the one (all) the cra's. Again, this is a no-no.
     
  15. myfirst

    myfirst Member

    Do they need to buy anything to get the trade line.

    Thanks
     
  16. LKH

    LKH Well-Known Member

    You are in effect, buy just the tradeline. I don't mean to be a jerk, but it is illegal and I'm not going to go into any more detail about it.l
     

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