Questions about getting rid of all credit cards

Budget101 Discussion List Archives Budget101 Discussion List Questions about getting rid of all credit cards

Viewing 0 reply threads
  • Author
    Posts
    • #259566

      banks are tightning up..

      just a couple of years ago, all you needed was a credit score of 580,good payment history with your cable company, car ins or your power bill..

      the subprime crises has made it much more difficult to buy a house…

      the banks have raised the minimum qualifications…

      you need a much higher credit score…you need a credit history….it’s harder to use a lease agreement as income to support a mortgage on an investment property..

      and the credit bureaus are rivising the way they calculate your credit score

      they are really hammering the middle class

      — On Mon, 7/7/08, leigh.drewett@ntlworld.com wrote:

      From: leigh.drewett@ntlworld.com
      Subject: Re: Budget101.com : Questions about getting rid of all credit cards
      To: “Yahoo budget 101”
      Date: Monday, July 7, 2008, 6:32 pm

      If you read dave ramsey’s book you will see that you actually do not need a formal “credit history” to buy a house. So I would say bye bye credit cards!!

Viewing 0 reply threads
  • You must be logged in to reply to this topic.

Budget101 Discussion List Archives Budget101 Discussion List Questions about getting rid of all credit cards