Credit Score

>>2943182
Higher credit score= you're better with money= lenders willing to lend more

>>2943182
Credit scores give you the ability to spend other people's money and - essentially - represent your likelyhood of paying them back.

Good credit is very helpful. Car loans at 1-2% instead of 10-17% are one example.

Sure, if you're fully liquid you don't need a credit score but most people don't have that kind of cash.

My credit score is around 830 (33yo, solid income, good credit history) and it provides me with about one free week long vacation per year because I churn credit cards. This year is Maui in September.

>>2943219
at a lower rate as well

>>2943221
>with about one free week long vacation per year
how is it free? you'll have to pay it back

>>2943221
>with about one free week long vacation per year

Can you expound on this, friend?

>>2943226
I think he's talking about rewards and benefits that come with credit card usage. Sometimes you get cash rewards, sometimes you accumulate points that you can use for certain things, some companies even give you free concert tickets and shit.

>>2943221
>solid income
doesn't your job give you a free vacation also?

>>2943221
>free week long vacation per year
and they say white privilege isn't real. . .

>>2943264
Here what this guy does:

You sign up for cards that offer bonuses for opening a new card/account, you take the bonus, never use the card again and hope they don't notice.

Me, I just prefer to make my wealth the honest way by starting my own business. That's just my preference.

>tfw no credit score.
>mom payed for Uni and all uni related expenses.
>she bought my 30k car in cash for me.
>I bought my apartment in cash.

Loans are for poorfags. Want to get rich /biz/? Don't take out loans you dumb fags.

>>2943182
I said this in another thread and i'll say it here, Taking on debt for any asset that is not productive is idiotic.
i.e. never take a loan out to buy a car.

A house or possibly a business is the only thing I would take a loan out for. Personally, i'd still put over 50% down on a house or else the cost of borrowing money over time becomes insane.

You'll need a decent credit score to rent an apartment, unless you offer to pay up-front (offer net present value of all future rent payments using r=2.22%, which is monthly average inflation for the year)

>>2944310
>mom spent 70k+ on me
>everyone else is a poorfag

>>2944310
What kind of car would your mom buy me if I give her some good dick once a week? Can you ask her? Thanks, bud.

>>2944330
No one takes a loan on a car because they want one, its cuz they dont have enough money to pay it up front..no one takes payday loans because its smart or they want to.

>>2944374
You're fucking retarded.
Collateral loans are as low as like 1%. Shove that money in a fucking bank with 1.5% APY and let the damn thing pay for itself.

You'd have to be fucking retarded to buy a car with cash. It's literally free money.

>>2943182
>caring about your good goy score

Enjoy slavery OP.

>>2944374
There are people that take loans on 50k fords, 60k bmws and so on.

Yes, I understand that loans are a necessary thing for people who are just starting out and a car becomes a very important part of making money.

>>2944391
a lot of people can't get 1%.

I was offered loans on my car @ 4% when i was 18, with a cosigner who had a score of 800+.