Why are millennials not building any credit?

I do, once this round is done though I'm not getting any more. It's a pain in the ass.

>>139610160
Theyre young and stupid

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>>139610160
>willingly participating in process of collecting goypoints

>>139610160
I dont buy things until I have cash to buy them. House? I already bought land and am saving to put a trailer on it. Once I have a trailer on the property I'll begin construction on my home.

>>139610160
Credit cards are for fags. If you can't buy it cash then don't buy it at all.

>>139610160
>born 1985
>still considered millennial
>work hard
>create a family
>society blames me fore everything.

This is just jew propaganda trying to get the Young millennial to start building credit. AKA more debt. most people over 25 have credit cards, but the jews need them to star younger.

>>139610160
hey bro you're meant to post soe

>>139610160
what does 'building credit' mean?

>>139611178
something something goy debt slave

(((credit)))

>>139611178
They goody goyim of America have to collect enough goypoints so they can become debt slaves for the rest of their lives more easily and get a mortgage.

>>139610909
>t. minecraft veteran

>>139611251
this is accurate.

Because Scottish universities give you money you don't need to pay back just for being a student :^)

>>139610160
No credit here, I survive off a firm regiment of NEETbux and tendies. Quite comfy desu

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>>139610909
This is the American dream, 40 acres and a mule not 9,001sqft house in the suburbs with a 14 hour commute.

Debt per se is nothing bad as long as you can handle it.
That's why austerity in greece is nonsense, but you paying your tv with 0% financing is not as long as you have a job with corresponding income.

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>>139610160
AHAHA!

>>139610160
only have debit

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>>139611178
You put a charge on your jewcard, shlomo pays for the purchase, at first. You need to pay shlomo back in a certain amount of time. If you do this repeatedly, and correctly, shlomo will be more willing to.give you shekels to pay for things you can't afford at that given time, in the future. If you use your jewcard, and do not pay shlomo back correctly, they stamp " bad goy" on your credit record, and schlomo makes sure to make it as difficult as possible to make purchases with credit or take loans.

Because they're dumb and think you should pay for everything with a debit card. All you have to do is get a credit card with a low debt limit, use it to buy gas or food then pay it off in full every month. I've been doing it for the last 10 years and have an almost perfect credit rating. No wonder millennials will never own homes. You will never be wealthy on neetbux.

>>139612130
(((Owning a home)))

>>139612130
fuck off shitskin, i pay with Cash only, i only use Beit cards for Online purchases

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>>139610160
Cause they max it out and then use up all their cash without paying it off
I love credit cards cause cashback/benefits are god tier

>>139610160
I'm against interest rates

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>>139610160
>OY VEY GOYIM WHY ARE YOU NOT BORROWING THE WAY YOUR PROFLIGATE PARENTS DID????

Away with your Jewish tricks.

>>139610160
I only use cash. I'll never take a loan.

>>139612303
>Using debit cards online
>Using high liability payment methods that are directly tied to your checking account
>Not getting a credit card with rewards so you get 5% back on all purchases and marginally increasing your purchasing power
This is why you're destitute.

Not every Country shares americas retarded credit system

>>139610160
they're not cucks who go into lifelong slavery to pay their debt

>>139610160
Just shy of 800 last time I checked and it keeps climbing. 1 credit card, only buy $20-40 worth of stuff each month and pay it off with no interest after the cycle ends. Credit score is determined by different things but most don't realize that utilization is part of this: if you have a credit limit of 500 then spending only 50 means 10% utilization and a higher score over time. Why wouldn't someone build credit? Doing it passively still results in a big score. Getting a big loan down the road can be useful if you're jewing the jew on interest vs inflation.

older anons i need advice
i'm 26 and ive never had a credit card
i rent an apartment, can i go my whole life without one from here?

>>139612487
>Boomers are by and large wealthier than their children, own property and have retirement plans
>Don't make the same mistakes your parents made, goy!

>>139612648
You can.
If you don't live in the US.

>>139612130
mhmm? I'll own my home 15 years sooner than you and at a third the price.

>>139612648
>using the credit jew
Use a debit card. Its the same thing and if you absolutely must get a credit history you can simply borrow a small loan and repay it the next day.

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>>139612063
That's pretty pathetic, but I'm actually missing out. In The Netherlands it's only registered when you take a loan, not when you pay it back. I charge a lot to my credit card and it's paid automatically by the bank who issues the card and just gets the amount from my account on the 4th, so I've been paying on time for 13 years now but getting nothing in return. RIP.

>>139612648
If you ever want a big loan you'll need credit...so it depends on your future plans.

>>139610909
>>139611829
/thread

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>>139612703
>exploit free education and post war boom
>burger flipping jobs that could pay for a house and a car
>unions that forced companies to pay executive level benefits for unskilled work
>hurr hurr hurr look at how successful the boomers are, they must be right!

Boomer logic.

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>>139610160
I have plenty of credit and I'm looking to lend it out at reasonable rates.

cash and credit are both fake jewinstitutions

however, at least with cash i won't get fucked by interest rates

>>139612938
>Excuses
qq

>>139612732
>debit

Enjoy paying for every transaction you make. At least credit cards are free to use if you're not a retard

>>139613120
Its ok the truth is always difficult to accept.

>>139610160
The only people I know who are creditless are vagrant niggers.

>>139613120
Nice deflection. Great argument

>Going into debt
>Ever

Dont become a slave to the jews

Stay away from debt and abolish fractional reserve lending + the federal reserve

>>139611044
>millennial
>working hard
Eligir uno

>>139613229
>paying to use your own money
I don't know what kind of shit bank you go to or worse what kind of dodgy as fuck establishments you go to either. But credit cards also charge a fee as well jackass.

>>139610160
Waiting for the debt bubble to explode.

>>139613229
idk about bumfuckville where you are, but here in australia you can get like visa debit cards and shit which work like credit cards except to your bank account.

>>139610160
>Why aren't millennials building good goy points
You tell me

>>139613376
building credit is different from being in debt
as long as you can pay off your credit card each month, you build credit and actually make money

>>139610160
Milennial here... I have a credit score of 790. I got a visa card just to set up a PayPal account and I chopped it up when I was done. Visa actually owes me money. I just sold my condo for a profit of $229,000 after fees and taxes and I just removed the subjects on a pretty nice house that ran me only $845,000 in the Greater Vancouver housing market.

I make six figures, have a wife and two beautiful children and I drive a sensible car with good gas mileage.

I have great finances, bitch.

>>139611044
You don't even need a credit card to build credit. I just got a car loan and paid it down before the term and consistently made mortgage payments.

>>139610160
What is it with you fucks west of France and debt?

>>139613554
sorry burger but your system doesnt make sense to people outside the US

>>139612130
>Using your credit card to pay for petty shit like gas and food.
>Not using credit for emergencies.
>Being fucking retarded.

There's a reason Pakistan is dirt poor.

>>139610160

consumed by materialism.

>instant gratification
>no sense of personal responsibility
>expects parental bailout
>very comfy blaming "the system" for their shortcomings
>can't tell the difference between being good and virtue signaling, so can't tell the difference between being rich and looking rich

My parents are in debt due to credit shit. I wont follow the same path.

i own 3 houses and have social anxiety and cant work i would kill myself if i didnt have these houses

>falling for the fiat Jew
When are you going to invest in gold and Bitcoin, anon?

>>139613713
>using a credit card to pay for something and then immediately paying it off and NOT sitting in debt is hard to understand

its simple desu but i will admit that a lot of americans seems to have a fetish for living outside of their means. literally gangam style

>>139611025
You realize that if you aren't retarded, charge what you can afford, and pay in full each month that you pay no interest and get benefits that debit doesn't give you, right?

Plus good luck getting a loan if you never use credit.

>>139613870
that's not Pakistan, it's one of 'the' flags. I doubt you can use creditcards in Pakistan at places other than expensive stores and big hotels.

>>139612559
>Buys frivolous things on credit.
>Thinks he's some sort of investment shark.
>Is actually poor.

>>139612580
Yes they do.

>>139612938
>unions that forced companies to pay executive level benefits for unskilled work

This destroys Illinois

>>139611178
mortgage officer here
>mortgage salesman, basically

In America (and some other countries), we have "credit reports" which show your history of paying back debt as well as your current debt & monthly payments.

We're scored on how good we are at paying back debt. If you don't have a lot of debt history, you will get a low score.

So to do something like buy a house, you're pretty much required to have 3+ loans in your credit history, and actively have other loans or lines of credit.

basically
>you goyim need to borrow money for the privilege of borrowing more money
>oops homes are extremely overpriced because of our kikery, better take out a $800,000 mortgage to pay for it

>>139610160
Zulul
60% of SA millennials will ruin their credit rating by the age of 30
Sixty. Percent. Let that sink in. Idiots with no concept of money management. Get a credit card, spend a couple bucks and pay it off in drips and drabs; ez credit rating ez life? No, they get the CC, raise limit to the max they qualify for and then proceed to buy food drinks and gifts for family and friends.
And then cru when vehicle or home loan is declined. Truly sad.

>t. Former sales consultant at a leafing south african bank

>>139612648
Just get a car loan that you can pay off quickly and you'll be laughing. I had a $10,000 five year loan and I paid it off comfortably in two years... That took my credit score from shit to 760, which is decent enough to secure a $500k mortgage apparently.

I have never really used a credit card in my life. The trick is to build credit by getting necessary things. If you are an austere man, you can get useful loans... For cars or retirement savings plans that will build your credit score.

>>139612703
I have all the same things my dad has and I did it the same way... Without credit cards. Stop giving out bad advice like it's worth anything, you little idiot.

>>139614454
Bingo. Use credit as an investment. Calculate roi. Calculate opportunity cost. Make a decision.

>>139613229
I have literally never paid a transaction fee in my life.

>>139614400
check'd

seeing credit every day, I don't understand how millennials operate the way they do

>regularly make payments 30 to 60 days late
>multiple debts they just abandoned
>LOL my credit score is 537 aren't I so quirky?

>>139613445
Credit, at least in the US, only incurs interest if you wait more than a month to pay it off. You also get card benefits (depending on the card) such as cash back, accidental damage protection, an added year of warranty on your electronics, and so on. Cash back can be high as 5% for certain cards for certain categories.

At the very least, with debit charges in the US burden of proof is on the card owner to prove that a transaction was fraudulent (that is to say if you can't prove it, you still pay for it) while for credit card usage burden of proof is on the seller (if they can't prove you used the card yourself, you can get your money back).

>>139612303
europe is a bit different when it comes to that, we aren't as obsessed with goy points as the US.

>>139610160
Me and my gf do so we can get our own house together eventually, its easy as fuck.
>get a payday loan every other week and payback next day with like £1-£2 interest and a cheap ass contract phone i dont use but pay every month without fail.
Its absolutely shot up

>>139614744
check'd

he was replying to a guy claiming debit cards had transaction fees

>>139614118
I figured it out after posting... He's still got Pakistani level financial discipline though.

>>139611251
This

>>139612703
only that all their wealth will collapse when the following generations are fed up. they don't actually own shit, they just wrote it all on their offspring's tab. once those guys decide they don't want to pay the bill anymore the boomers wealth will evaporate into thin air

>>139612559
Usury is haram

>>139614855
Also a added point i forgot
>dont buy it unless you can afford it 3 times over
>dont get things on credit you cant afford
Most importantly
ALWAYS ACT YOUR WAGE

>>139613997
You're doing it right, senpai. I'm not sure if I should start acquiring real estate to become a shady landlord or if I should take my leavings to the stock market.

When I'm done buying my house I should have about $57,000 left over... that could be a sizeable down payment on a rental property or a very large chunk of change to throw into the market.

What kind of returns are you getting on your properties?

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>>139610160
Yeesssss goyim. Spend money you don't have on things you don't need.

>>139614740
>>regularly make payments 30 to 60 days late
fairly easy to get stuck in that situation if you're retarded

>"man, I'd really like to have thing, but I can't afford it right now... unless I just delay my other payments by a month!"
>never gets back to regular payments because he was already close to living paycheck to paycheck to begin with

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>mfw when you have no identity worth stealing?
feels good

>>139610732
>not taking advantage of credit card deals while building credit
If you can't pay off your credit debt every month thats on you, ive made hundreds of dollars and havent given them a cent

>>139615132
(((interest rate)))

>>139614744
The card benefits are a good reason to have a credit card. The travel and life insurance are pretty good bonuses. But credit cards aren't for petty purchases. They should never be used for nonsense buys, period.

Everyone who is saying not to get a credit card is a fucking idiot.

You need credit for loans and finding jobs. Just don't be a retard with a credit card.

>>139615637
We've actually covered this... You don't need a credit card at all. You can go to your bank and get a small loan for a retirement savings plan and pay that consistently to build credit... Amongst other things.

>>139615596

As long as you can responsibly track your spending, and assuming your retailer isn't some mom and pop that will cut you a discount for using cash, there is literally no reason not to use a credit card over debit or cash. If you spend within your limits and can thus pay in full every month, you are spending the same amount of money and you get more back for it.

Of course, if you don't trust yourself to be smart enough to keep up on your spending and want your bank to do it for you, then using credit is a bad idea.

>>139610160
Because capitalism isn't working. Success is all dumb luck and you know it.

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>>139613229
>At least credit cards are free to use if you're not a retard
Reread that sentence and think long and hard about what you just said

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>>139615637
>Don't have a credit card
>Full bought my car
>Broke af college student with a shitty min wage job
>Haven't payed any of my loans yet
>700 credit score
Literally everyone else I know who's a college student has a credit of like 500 or lower

>>139610160
>You mean the 'Jew Score'?

>>139610160
why would i get a credit card when i have spent several years of my life paying back all debt and will never take it on again? (unless if i buy a farm, but thats already a income-generator so it pays itself down)

credit cards are for sheep who like to spend more than they can afford. and they always spend it on consumable garbage.

>>139610160
>credit history required to open card
>no current history because no card

>>139614002
Youre right, but also a retard
Lay off the david semen vids?

So question /pol/

I'm currently working 2 jobs to pay off all my credit cards to get out of the goyim trap ASAP. The problem is what do I do after I'm done with them? Will just finishing paying off my student loans and and getting a decent vehicle and paying the car payment suffice for getting me enough credit for my wife and I to own a house?

I heard you're supposed to use about 20% of your spending limit on the card and pay that off slowly but that just sounds like a jewish trap. I was thinking of doing that to get SHTF supplies though.

I just hate how this is all a fucking scammed system set up for people to fail just so they voluntarily put themselves in fucking slavery to this broken system.

>>139610160
t. Heebie Kikeberger

>>139614209
>Illinois

This. What costs 30 million to build one school in IL, a right to work state is easily half that. Prevailing wage is in the mid $30/hr. All state contracts require prevailing wage. It's impossible for non-union to even compete.

And if they do get a bid, the union fucks with the non union. My brother installs ceiling tiles, and is non union, runs his own business. He was doing a school's hallway, and had his measurements chalked out on the floor. The union workers fucked with his measurements. My brother, being the good man he is, went in overnight and redid the entire grid at his own cost just so the union fucks couldn't get their way.

>>139615893
He has no intention in paying anything back. There fore they are free.

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>>139610160
Building credit with a credit card only makes sense it you already have the capital to back up your purchases, otherwise you're not building credit, you're building debt.

Real estate can be a good way of building credit, and can provide a net income if you purchase intelligently. Credit cards, by design, cannot.

I don't buy anything I can't afford.

>>139614454
10k in 5 years means 500k would take 250 years though, wouldn't it?

>>139613554
Usury is usury.

I pay for everything with cash.

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>>139616584
>I heard you're supposed to use about 20% of your spending limit on the card and pay that off slowly but that just sounds like a jewish trap.
it is a jewish trap, unless you are converting to bitcoin every time you top off that 20% spending limit
eventually inflation will make all those little pieces of bitcoin really start to add up
you will laugh a big belly laugh when this post comes true

I hexed the globalists and I have a large following of younger people bc they have an easier time changing their minds. you lost, jews, i own the minds of the youth... your atheistic matierialism is SO last year ;) forever.

>>139610160
I've had a discover card for about a year. Put about $120 on it a month on average and pay it in full.

Good way to build credit without ending up owing everybody for everything.

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>>139616786
>Maxing a credit card and never paying it back = free money forever
You know how some things are just crazy enough to work? This isn't one of them.

I always felt if you cant buy it with cash dont buy it at all. But I feel rent is just throwing away money. Throwing away money is worse than buying things I can't afford.
I started with a prepaid credit card through my bank. After about six months of prepaid credit I was offered a credit line by another company. Just used the cards to build credit.

Im not some dumb nigger tier person who lives pay check to pay check. Not because I make a shit ton of money, I was only making $120 a day. But because I do not live beyond my means.

Things most people can

>Daily Starbucks trips. Nobody needs to buy coffee everyday. Get yourself a coffee maker and a thermos.

>No resturants, no no no. It's a waste of money. You meals should be planned ahead. You must know the price of everything you buy before you buy it. Example: chicken .99 per pound, Steak 4.99lb, if your paying more you dont know how to be a butterfly shopper. You must keep your meal cost below $5 per meal.

>Vehicles are a luxury and only necessary if your schedule demands it. If you take public transportation enough, you can usually get to where you're going quicker by scheduling correcting and taking modes that avoid traffic.

>No cable, just internet. Get a cellphone plan that is unlimited. You can stream everything from your phone to tv. It shouldnt be more than $60 per month and dont buy an expensive phone. Also dont be a dumbass and get a iphone that u pay $10 per month for because in the end it costs you almost double the cost of buying the phone outright.

>No pets, build relationships with people. If u must have a pet, dogs. Dry food only 1 cup per meal.

>No AC use fans.

You think Im a cheap asshole living like a poor fuck. But over two years Ive saved up $45k. This month I got licensed as a real estate agent and contractor license. I have money to start a business that will bring in millions. Nobody helped me, I was frugal and smart.

>>139612703
Maybe we'll get our own stock market boom after the civil war

>>139610160
Cause I'm buying crypto and if your not your just another normie fag who's gonna cry cause I was smart to see the potential all along

>>139614099
>using a credit card to pay for something and then immediately paying it off and NOT sitting in debt is hard to understand

Anon, you are feeding the debt-jew and cause the cycle to keep going.
The debt you incur just to buy some item, the bank instantly turns into 1000x its value.

And why on earth would i ever want to pay for an item with other peoples money and then pay them back when i can just pay once and be done with it?

>>139615893
They are though.
I don't pay anything extra for small transactions. Not sure what would happen if I wanted a loan though. But I try to avoid that anyways

i've built well over 700. Why is shitpoasting on a website where no one can know who you are so closely tied to positive reinforcement of your ego? Thats sick shit bro.

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ITT: retards circlejerk

Credit is a just a financial form of trust. Incurring a small debt that you can quickly pay back is the best way to build trust, even on the most micro level. If there is someone in your life you want to get closer to, ask them for a favor, and then repay them with something valuable you have.

Mastery and trust is not a jewish trick you morons. White protestants built this system.

>>139610160
Credit is for people who can't pay in full. I'll buy literally buying my house and car in full. You kikes can suck my goycock cause I ain't collecting goypoints kikefilth.

>>139610160
I have a score of just over 800. I'm doing okay.

>>139610160
It's hard to get a line of credit when you have 40k in student loans and no job.

>>139615864
Well dumb luck among the ~20% of people who are average+ and work reasonably hard. Once those criteria are met there is absolutely nothing but dumb luck separating a person from their competitors. But these people are already working hard. Probably building credit, doing all the right shit. The people who aren't are either disenfranchised by the lack of opportunity to get ahead or are niggers.

i'd rather pay shit off if i can. my credit score is over 760. fuck credit BS.

>>139610160
no money to build it with.

>>139619678
life's hard when you're gullible and stupid

>>139613563
blatant lies from a leaf, color me surprised. Unlikely to go over 700, impossible to go over 750 if you only have one card. Having multiple lines of credit is one of the primary influencing factors on your score.

>>139610160
https://www.mobiloans.com/terms-and-conditions

>>139610160
Just starting my credit with my new Drumset. Feels good.

>>139615132
>implying you need to spend more than you have with credit
no credit fag detected

>>139616315
You can't get a loan for a property without credit, and your credit diminishes over time without use.

>>139618706
This just get one or two to build a score and don't go overboard like many retards do

because of crypto and precious metal?

why get 1% margins from some jew fuck on your trustfund while you invest somewhere else while no one is touching your money

>>139611778
kek

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>>139610160
Do you have any non-dairy creamer
https://youtu.be/FUqDHW0jmkw

>>139613713
just imagine you have jews free reign over building a system of usury protected by the govt. Now you understand the American credit market. BTW many jews next trade is fucking up your housing market because the idea is your rent controlled system is not allowing for proper shekel extraction

>>139616581
David semen is a faggot it's not our fault he shills Bitcoin. It does not invalidate Bitcoin

because a credit card is only worth it to the 5% of the population who understand the benefits it provides over other spending methods, besides lol I don't have to pay for this right now

>>139614744
You literally are a completely brainwashed retard !

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>>139610160
Wait a minute.
Paying my bills with auto pay on time every time
Paying off my college loans
Paying off a personal loan I took out
and Paying off my car

Does any of that build credit?
As of now I have 0 Debt.

>>139610160
Credit card debt
College debt
so much debt up their asses
millenials have got to be the dumbest generation ever!!!

>>139616923
thats the point though, debt is more profitable than credit.

>>139610909
NAZI!!!!
DIE DIE DIE!!!!!!!!!

You're not truly American until you own money to the Jews

>>139610160
People don't know how credit works, or they are intimidated by numbers and decide, "I'll just pay cash, that's smart!" Then they end up overpaying for everything because merchants include the credit card discount rate in their pricing, but they feel superior and they beat the Jew and that's all that counts.

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>>139610160
credit mean debt.

why are we in debt ?

who are we in debt to exactly ?

Why can't we support ourselves without cards of debt ?

So many questions but only one answer...

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>>139626788
Need any help ?
I have guns, ammo , knives and tarps...

>>139610160
HERE IN BEANXICO IF YOU CON'T HAVE ANY KIND OF CREDIT THE YOU ARE A NOBODY.

i don't have credit card because in my shit hole country is very easy to get robbed, hacked or scammed; losing money with schemes by the very same bank that is letting you having a credit card.

>>139610160
so jews can profit?
I do not even have bank account, cash only crooked nose

>>139610160
"Building credit" is an oxymoron.

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>>139612130
butt those buxx gave me the perfect score

>>139610160
they know that credit cards are the best scam that the jews have ever came up with

>>139610160

Fuck off you Jewish scum. Go take a Zyklon-B shower with your credit cards and mortgages, the world needs to rid itself of filth like you.

My credit score is 768 though
Actually a miracle it's this high
My deadbeat mom screwed me over on something at a point in time and it was like 50 something
I'm recovering slowly, and in a few years it'll be off my record and I'll have perfect credit
Probably 800 something I'm sure

>>139610160
We're broke

My wife and I have been building our credit for the past several years. Well over 800 now.

I work for a credit card company as a credit analyst. Millennials are retards, same with most people born 1980s onwards. they apply for their first credit card EVERYWHERE and don't know about things like Inquiries.

>>139610160
Why would I need to build credit when I can buy anything I want with cash.
Sounds stupid to me, this fake thing you call credit, that you have to build in order for people to allow you better deals with money you don't have. Building debt you'll never be able to pay off.
What a bunch of losers you must be to have not enough money, nor enough sense to save and plan accordingly in order to afford what you want.

I started in college.
Never paid a credit card bill late and I've always paid the entirety of my balance each month, so never charged interest.

Tons of free benefits like accidental damage coverage and extended warranties free of charge. I estimate that I get about $500-$1000 a year from claims on those.

Plus cashback and other benefits. Credit is great.

Having good credit lowers the price of my auto insurance premium, employers like it, etc... even financed a new car at 0.0% APR for 48 months (no interest)

>>139631277
You have enough money saved up to build your own house?
This is something good credit allows you to do.

>>139630971
That's true, but anyone who isn't planning to make a big home/car purchase for a couple years is free to apply for anything and everything. The trick is to be responsible and organized, use each card every 4-6 months and get your rewards when possible. Having $0 on your statement balance and getting rewards for your purchases while paying the card off before the end of the billing period works well.

>>139610160
If you have to use credit to buy something, you can not afford it and all it will be is a liability to you and your descendants.

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>>139614366
>So to do something like buy a house, you're pretty much required to have 3+ loans in your credit history

Does that mean you can take three 1000 $ loans which you dont need for anything and just pay them back with the apropriate interest and you're set for that large loan to build your house?

>>139631277
Get a credit card and pay it off every month. Zero interest while you get rewards.

>>139610160

Because I was raised up being told that you don't spend money you don't have.

>>139611025
>Credit cards are for fags. If you can't buy it cash then don't buy it at all.
truth

>>139610160
>building any credit
Yeah, no. That's a U.S. thing and they can keep it. How does me paying back my short-term loan for a TV prove that I will pay back a 30+ year mortage, given that the TV was issued at a 0% interest rate the the mortage will be re-evaluated after ten years.

>>139631497
Having a mix of credit is good. A couple cards, a personal loan that you pay off somewhat early, a smaller car loan that you can also pay down quickly. Number of payments and length of credit history counts too.

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>>139611829
Umm no. 40 acres and a mule was a slave thing. Do you want to be a slave? White men belong in the city

A teacher in high school once told us that if you pay your card off in full every month they'll cancel it since they aren't making interest off you. Is this true?

>>139610160

Can I build credit with student loans? I have been paying out of pocket, but can I get easy shekelpoints by taking a loan to pay for school then pay the government back right away?

>>139631787
Sounds like a great way to get people to spend money on things they can't afford or don't actually need.
>Want a house? Buy yourself the second-hand '97 Honda first, because reasons.

>>139631515
I don't need or want handouts from credit card companies that are actively fucking over people.
>>139631414
I do. When I find out where I want to live, I'll build my own house or buy a house outright after the bubble bursts. At the moment I'm looking where to invest to make the most out of the large sum of cash I have at my disposal.

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>>139631355 here
Forgot image

my total available credit is over $150K

a little under $25K from amex
around $40K from chase
28.5K from Discover
more from others...

Of course I use a tiny fraction of that.

>>139631916
No. Depending on usage, they may even raise your limit to encourage you to spend more and carry a small balance.

>>139631938
Student loans help but getting a credit card would help you build more history.

>>139631916
Credit card companies charge businesses for taking credit, if you pay a business, the credit card company is going to take 1.5-4% or so off the top of the payment sent to the merchant. This means that most cards are profitable even when the person never carries a balance and get rewards.

>>139631943
Plan ahead and do these things so the loans are on your report when you get ready to buy a house. Most people are going to need starter cars long before a mortgage.

They won't even give me a fucking credit card. So I can't. I buy everything with amazon gift cards, debit, cash or prepaid. It's annoying. A credit card would be very useful.

>>139631970
Would you refuse a $10 credit from your cable or internet company? It's the same thing.

>>139610160
Cash is king.

>>139632210
The system is still flawed. Here it's the other way round, if you have too many loans you won't get a mortage to begin with, because you keep spending on shit. Then again, we don't have that wide use of credit cards.

>>139632210
Do murricans teach those things to their children?

Here in Austria the only loans which really exist are those you need to buy a house, credit cards are rare, we prefer debit cards and cash, a credit score does exist but only to keep people from falling to scammers, i'm 30 and until today did now know what "build up credit" meant.

>>139610160
I don't think we have the good goy benefits here in Europe, atleast not the same as you do.

>>139610160

They do, horribly indebted in general. Only the smart ones have rejected credit for the evil it is.

>>139632022
I have $45k available with a credit score several points higher(just to show the score is not necessarily determined by having the most available credit).

>>139632365
Check with the bank where you have a checking account. most have a basic credit card for students or people who have never had credit before.

>>139610160
Funny cause I can pay for anything in cash if I have enough cash

>>139632715
Oh yeah, it's not just having available credit, although having more available credit is better because your score starts to get serious hurt once you use more than 30% of a given line. A lot easier to use 30% of a $500 limit than 30% of a $20,000 one.

I traveled a lot from 2013-2015 (I'm 24 nights from lifetime platinum at Marriott which requires 750 nights at their hotels) so I needed higher credit limits to carry my hotel/rental car costs (before I submitted them to work for reimbursement).

>>139610160
They don't have fucking jobs.

>>139631277
>I can buy anything I want with cash
What about a house? Or a business?

>>139631454
Smart people use the system as efficiently as possible. Get one fucking card. Apply for credit line increase requests once you can and get the line of credit to a good amount and then use the card as basically a debit card which, with most cards with end with you actually making money. Sure to actually help your credit score you should have your balance be around 20-30% of your line of credit but if you have a single card with a decent line of credit it won't be too much of a problem. Also, just a general piece of advice, do not apply for credit if you've recently moved. Any decent company will request a document such as a utility bill to verify your new address since it will be a mismatch with your EFX/TRU/XPN credit reports. Don't waste your fucking time. Wait until you get a utility/internet/ID to apply. I'm sick of hearing you faggots bitch about not having something to verify your address.

>>139632503
Unfortunately, not really. Assuming you're talking about "smart" use of credit. A lot of people fall into the "no credit/a couple cards or loans" group(which works for some) or the completely irresponsible people who get in over their heads.

>>139612130

isn't the housing market headed for another collapse?

it's just not appealing for millennials anymore.
they'd rather rent instead.

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>>139610160
>be swiss
>have money
>pay with money

the striped magnetic jew is for poorfags and losers who can't handle money desu.

>>139632503
Financial literacy is something that is woefully under taught to Americans.

About 60 million Americans use credit cards and pay their bill in full each and every month. Meaning they pay what they charge and don't get charged interest.

About twice as many (130M) have done so but have not paid the bill in full each month at least once in the last 12 months meaning they got charged ridiculous amounts of interest on their purchases.

>>139632365
Most banks in the US will allow a person with no credit to get a low limit credit card provided they back it with their own cash. Just use it for a year and build up enough credit to establish a score.

Not sure how it works in leafland though...

Credit card culture is very alien to Europeans

>>139632915
That sounds awesome. Have you checked out the forums like myFico? There are people who get addicted to having as many cards as possible, boosting credit limits, etc....then they don't use the cards and wonder why the CL gets cut.

>>139633226
Financial advisor anon here. I use my credit card to pay my bills and then pay them off immediately. It results in me making an additional $40 in cash back a month. The problem is retards using the cards as a loan. People are fucking dumb.

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>>139610160
Trust. Or lack of it.

I don't trust banks, central banks or the currency that i'll be borrowing, when it can be freely printed.

How does bankruptcy work? Does it even matter? Trump's been bankrupt numerous times. Can I just borrow, go bankrupt and not even give a shit?

>>139633226
Exactly this, you should ONLY use a credit card for purchases you already have the cash to make, thus earning cash rewards. It's literally the only way a credit card can provide a net positive.

>>139632365
Ask for a secured credit card. It will require you putting a security deposit but most companies will allow you to transition into a non-secured card after around 6 months.

>>139632996
I've seen that carrying a balance of 1-9% of the credit limit is best for your score, but then it gets into "is 840 really that much better than 825 for practical purposes" and so on. The "recently moved" advice can be really useful for people.

>>139633226
>use credit cards and pay their bill in full each and every month.

Does that mean you get a bill form the CC company and you fill out a transfer from your bank to the CC company? Cant they just charge that straight from your bank account?

>>139610160
>no goyim we don't want your money now
>we want to know how good you are at paying us back plus extra for the service of borrowing our money
>look we even gave you a score and everything

>>139633284
Yeah, I'm done collecting, I have about a dozen that provide various benefits. I'm no longer flying American Airlines regularly so I'll probably close that card soon. I churned on a starwood card for the $35K SPG points, I'm going to convert that to a Hilton card (so I don't have to close the account, but the conversion means I don't pay an annual fee for the 2nd year of having the card).

>>139633375
Hehe, $40 is nice but I was doing better at one point

>US Bank offers a credit card: Cash+
>you pick two categories that you get 5% cashback in. rental cars and hotels are options, as is online bill pay
>BUT WAIT: if you redeem $100 in cashback, you get a $25 visa gift card (6.25% effective cashback)
>traveling every week, I was spending $1,000 a week on hotels and $300 a week on rental cars (reimbursed by work

>$1300 a week * 4 weeks a month = $5200 a month * 6.25% cashback = $325 a month

They eliminated online bill pay as a category (people had a field day with that one and small business bills), then they capped it to $1500 in spend per quarter eligible for the 5% cashback, and then eliminated some other good categories, but it was awesome for about a year.

>>139633546
They get a bill every month with everything they bought with the credit card, if they pay in time they get good goy points... and get "free money" back, you know money that was actually taxed on the things you bought.

>>139633226
It should be a required course in junior/senior year of high school.

>>139611829
Beautiful

>>139633546
Essentially, yes. Most americans will use electronic transfer, the elderly might write a check. But that's how it works.

>cant they charge that straight from your bank account
If you authorize them to, yeah. When the monthly bill is due they'll just direct debit it electronically, either with you pushing a button on their site or authorizing it to happen automatically when the bill is due.

>>139610160

I'm 31 years old. I live with my parents but I have my own car and I have a credit score of 750. Hoping to move out soon but I live in the Bay Area in California, so almost impossible.

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how much is your credit card balance /pol/?

$1690 here

So in the USA basically everyone is considered a bad goy until they buy the official good goy card?
Like by default you're basically considered to be heavily in debt until you have disproven otherwise?

Jesus, just how goy are you?! I have never taken credit in my life.

>>139615132
>But its good for muh conomy!
>*hides behind le yellow and black reddit flag*

>>139633832
So in that case the credit card is like my good old debit card from my bank.

>>139633728
Dude, American credit cards are awesome, it's super easy to get benefits.

>go to Toronto
>rent a car
>dingus hits my door when my car is parked
>call credit card company, fill claim form, tell Hertz
>Hertz gets cut a check from my rental car company for the damage. I pay for none of this and it doesn't count as an insurance claim, so it doesn't affect my rates

>Buy Xbox one
>one month into ownership, brother spills beer on controller. button starts sticking.
>Call credit card company, use 90 day accidental damage coverage. ask for $64 (retail + tax) to buy a new controller
>two days later, they credit the entire purchase price of the xbox ($429), confirm they did so deliberately, and that I could keep it, told me to buy a new controller

>buy dashcam ($200) with included microsd card
>drop microsd card right after my first install. step on it, it cracks
>ask for $20 for new microsd card
>same thing; they refunded the entire dashcam purchase price and I got to keep it

>Own samsung galaxy nexus (android phone)
>microUSB port for data/charging breaks just outside the one year warranty
>submit extended warranty request (free extension of everything i purchase, all warranties get an extra 24 months)
>credited purchase price of phone ($370) to upgrade to a new one

As far as who pays, merchants in the US get charged 1.5-4% of each swipe on purchases, and people who carry balances pay 20%+ APRs on what they buy pay for a lot of shit too.

>>139633895
~$3600 here.

>get credit card
>Credit card gives 5% cashback
>Pay off credit card bill every month
>Quarterly check for my cashback
>Literally getting paid to borrow money interest free.
>...
>Meanwhile, on nog street in Detroit
>Sheeeeeit $2000 limit?
>Buys jordans, chicken, chains, cash advance for cocaine and hookers
>Ends up 4k in the hole after interest before selling the debt to a collection agency for 3k, bank sends out $300 for cashback rewards for the bad goys, pockets $700 from the good goy

In the US a credit card is basically free money if you stay within your means.

>>139634251
Basically, except building your credit positively is looked at by some employers and landlords as part of hiring/choosing tenants, is factored in the pricing of auto insurance in most states (good credit = lower risk = lower price), and credit cards have a shitload of awesome benefits that debit cards don't (on top of cashback, I get 2% cashback minimum on everything I buy on credit)..

A decent credit score is also necessary to get certain jobs.

People hiring someone to handle large amounts of cash won't hire someone who is in financial trouble because they're more likely to steal the money.

>>139633937
Pretty much. They claim that you need a track record of responsible spending/payments.

>>139615281
Credit card companies make their money from transaction fees which increase the price of goods. They never expected you or any other consumer to directly give them one sent. They expected you, and by "you" I mean everyone collectively, to pay 3% more for your groceries to get 1% back in rewards and feel good about your wise decision.

>>139633895
>says $1690
>shows -$1690

>>139610160
>(((Credit)))

Can't afford it? Don't buy it.

>>139634574
>They expected you, and by "you" I mean everyone collectively, to pay 3% more for your groceries to get 1% back in rewards and feel good about your wise decision.
I hear you on swipe fees but credit is only about a third of US purchases, 3% is far from the average (2-2.5% is more likely, Discover/Amex charge more than Visa/Mastercard), and the cost of card processing is something already built in.

Do you remember after Durbin swipe fee reform passed and interchange was limited to 22 cents + 0.5% of transaction on almost all debit cards in the US and prices at retail dropped? I sure as hell don't.

They don't understand economics or the concept of investment.

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>>139634888
forgot image showing US spending at retail breakdown

>>139633937

There's another way of looking at it... why would they loan money to someone they don't know? Someone who has no history to show if they are a good or bad risk?

Developing credit isn't hard; and millions of people have done it the same way for years...

1. Get a secured credit card. You put in $500, and they give you a credit card with a $500 limit (so you're never spending THEIR money).

2. After the first year, your credit is now established, so they send you back your $500, and you now have a $500 credit limit, only you're using their money.

3. Keep buying stuff on the credit card, keep paying your bill.

(they prefer you to NOT pay your bill off every month, and will give you more credit with the less you pay, but still.. pay it all off if you can).

4. The more you spend on your credit card, and the more you pay off, the higher they will move your credit limit.

Then (and the reason why you are doing this)...

5. The time comes when you need to borrow money for real, and the person say... well, credit card company X trusts him, so we might as well too.

>>139610160
I don't have any fucking money to spend.
Plus, (((usury))). Don't buy what you can't afford, period.

>>139634410
>Hurr durr, if I spend more, I get more back. = profit.

The kikes got you good burgers...

>>139610160
R u retard?

I'm a millennial, and every person that I hang out with in my age group is building credit. We all have goals we want to accomplish.

>>139610160
Lots of people are irrationally scared of credit now. It's like the opposite problem to the one we had before (and still have in many ways).

>>139611829
There are only so many mountains.

>>139635092
If you're smart and you just shift spending that you would have made otherwise to credit, you get more back.

If you're spending more than you otherwise would to get a fraction of it as cashback, then you're an idiot.

>>139634410
>is looked at by some employers and landlords as part of hiring/choosing tenants
This is fucking ridiculous, though.

>>139626011

Yes, that all contributes to your credit. Just be aware if autopay fucks up for any reason (schedule it for 12 months, forget about it the 13th month) you will miss a payment which will seriously fuck up your credit.

>>139613870
Certain cards do have cash back benefits when you use them.

>>139612130
>>139612275
>>139633166
Fuck, I'm sure after watching dozens of Texas cities flood, with 1 in 6 having flood insurance, owning a home isn't going to look that great. Hell, people affected by Sandy are still waiting for insurance checks.

>>139635259
>Employers
McDonalds isn't going to care about you serving burgers, but if your job involves you having access to money/valuables or valuable information, you might do bad things if you owe money and are willing to sell them to someone/steal money and spend it

>Landlords
Positive payment history means people can budget and are less likely to not pay their rent
if someone has several charged off debts from other landlords or from utilities, or credit cards, etc. then they're much more likely to be financially irresponsible and shaft you (as landlord) on rent payments.

>>139635259

But it isn't.

For example... let's say you want to hire someone to work as a guard on an armored car. Their job involves driving around with a few hundred thousand dollars each day.

You have two people applying for the job....

a) 25 years old, mortgage on house, small family.

b) 25 years old, declared BK twice, currently $150k in debt, hasn't been making payments.

Now, as the person doing the hiring... which of these seem less likely to run off with all your money the first chance they get?

>>139635304
Missing a payment within a month doesn't get reported to credit bureaus. On the other hand, if it gets to 30+ days late, that fucks your credit hard.

>>139635236
Sure, that way it might work. But buying anything, basically on a loan, just for the sake of it is just another jewish trick and retarded. That's why you have family and heirs so that you can build up a fortune for the next generation to survive on and get on their feet. No kikes needed. But sure, if they give you all sorts of (((freebies))) for consuming, then by all means be a consumer. Murica.

Credit = loan, loan = kike slavery.
I'm choosing... Fuck the kikes.

>>139635587
>>139635588
You are both making the same mistake? Not having lots of goy points doesn't equal being in heavy debt.
If a person has literally never taken a credit in their live, that would generally mean they are reasonable when it comes to handling money, yet since they have credit score of 0 the employers in your example might turn them down, How does that make any sense?

>>139635587
Over here you don't get a better reputation for taking loans. You just get a bad one for not paying them. For me personally it's absurd thinking that you'll succeed better in life if you have a good record of taking loans and credit. It's like you're actively being rewarded for just blind consumerism. But I suppose that's the american system for ya?

>>139635668

You're right on the large scale. Debt is slavery. Debt is death.

But the other guy's point is correct in the real world.

If you are going to spend $100 on food each month, whether you spend cash or credit.

And if the credit card gives you cash back for using the credit card.

And if you will pay it off each month no matter how you pay for it.

Then paying for it on the credit card is the right decision.

As long as you pay off your credit card bill each month, you are not paying interest. And since you don't pay an annual fee for the credit card, you pay NOTHING to use the credit card. Instead, you are PAID to use the credit card instead of cash.

Moving expenses to the card and paying it off each month is not the same as generating the type of debt you're talking about.

>>139635916
>If a person has literally never taken a credit in their live, that would generally mean they are reasonable when it comes to handling money, yet since they have credit score of 0 the employers in your example might turn them down, How does that make any sense?
That's not really true. It just means there's no track record. Someone can live with their parents until they're 30, go out into the world and get an apartment and actually have to pay rent, electric, cable, etc. and then totally mismanage money.

Most landlords won't use no credit as a block for renting an apartment, and employers are really looking for negative credit history rather than go against no credit history. But if you have a negative history then they definitely count that against you.

If you do have no credit however, most landlords will increase the security deposit that you have to make up front (in case you trash the property and it needs repair or stop paying rent).

>>139635916
Basically what vodka-neighbour said. People who take credit/loans are seen as people who can't handle their economy. Almost frowned upon. Of course things like loans for a house and education are seen as necessities, but for general living? That's seen as kinda WT.

>>139635916

But it isn't. Never having a credit card can mean two things...

1. They're against debt, and believe in only spending within their means.

2. They've never been trustworthy enough for anyone to give them a credit card.

So, if you're evaluating someone you don't know, and those are your two choices, is it worth the risk, especially if you talking about them handling large amounts of money?

I've worked for companies that do credit checks on managers. It's a good thing in the long run.

>>139636075
I see, well you have a different way of using credit cards then. Here we use them abroad, and in situations when you can't afford things, or don't have your debit card. We don't get all the cash back things and whatnot, so we just use money we already own. Debit...

>>139610160
I use credit cards, Just pay it all every month.
my credit card is free. and credit card give you protection from frauds.
I only use it if I got money in the bank.

millennials are just retards

>>139612130
This.

Also here in Israel we don't have credit rating

>>139613870
Waht is the problem with using credit cards to pay for gas and food?

>>139610160

Why would they willingly continue the practice of usury, knowing (and seeing first hand) the destruction it brings?

>>139636288

I disagree. Developing credit is a means of showing people who don't know you that you are responsible, and can pay your bills.

But if you go back to the origin of credit cards (the gas station card), it makes sense...

... You're travelling out of state. Your car breaks down but you don't have enough cash to get it fixed and continue on your trip. What do you do?

This is where credit cards really developed. A means for responsible people to plan for emergencies.

>>139636539
>Israel
>What's the problem with using credit cards?

Kek.

>>139636627

ironically, most israelis aren't aware of most of the schemes.

>>139610160
>Why are millennials not building any credit?

because of mr robot

>>139636589

Like I said:
>>139636498
We do use them abroad as well, but that's about it.
Sure, I get the point that you can prove yourself a good goyim by having a good record. But you're still just a good goyim.

Of course the system isn't perfect, and their are holes. For example...

I used to work a job where I would have to travel every other week.

the company would pay for the airline tickets, but I had to expense everything else.

So each month I would put roughly $4k on the credit card, and each month I paid it all off.

The credit cards kept raising my limit until now I have a credit card with a $23k limit. Which is insane.

>>139636627
They are safer than debit cards.
Just don't buy stuff you can't afford.

>>139636740
I know, most Israelis are quite nationalistic and whatnot. But we shouldn't discriminate, gas them all. Just in case.

Also
>USA defending Israel
Kek. Good night /pol/.

>>139610160

>Got me Mortgage
>Got me utilities paid for
>Got me food

That's the only "credit" I need. Fuck credit cards. If you don't have the money, you can't have it.

>>139610160
I have like four credit cards. I'm building too much credit. Soon I will be too powerful to contain and I will own all the credit.

I keep them all paid off though

>>139636937
Exactly the main difference with credit and debit.

Credit: Buy stuff you can't afford.

Debit: Only buy stuff you can afford.

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>>139610160
>.......credit
>credit = self imposed debt
>self imposed debt = slavery
Oy vey got why don't you want that big credit score? I got nice New cars only 60k dollars?

>>139610690
>>139610160
millenials are the only ones doing that.

>>139610160
>the plastic jew
Yeah, fuck off Schlomo, if I want something I will pay for it with my own dime to own it outright. Fuck the banks.

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>>139610160

Why the fuck are slide threads getting 250 replies?

What the fuck is wrong with you retards?

>>139630577
>>139630577
>>139630577

Charlottesville mom was Sandy Hook mom

>>139610160
Because babylon was a nation built on money lending and credit with UN globalist desires not National interest at heart... Kys flag

>building (((credit)))

Boomers getting toasty that their degeneracy will no longer be funded?

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>>139637380
Dude this was already discussed.

>>139612703

I don't know Pakistan maybe because when Boomers were born USA got out of a FUCKING WORLD WAR 2

>>139637102

No...

Debit... forces you to only spend money you have.

Credit... trusts you to know how much you can afford to spend.

>Why are millennials not building any credit?

Because they learned the same lessons as the so-called Greatest Generation. My parents, born in 1925 and 1926, retired comfortably by slashing overhead and only buying quality items when necessary.

There's an old term, "nigger rich", referring to poor people who piss away every dollar they get and fail to save or buy wisely. Piss on that. I paid off my houses early, never owned or want a new car (which I could buy now for cash and feel no pain), and only bought useful things new including tools and materials for renovations.

I use my Visa for convenience and ability to do chargebacks. I pay it off every month, sometimes more often.

I don't check my credit score except before buying real estate. It's fine. I'm an extremely low risk.

Spite the Jew. Keep your money. Let the dumbfucks spend theirs instead.

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>>139636872
It's not really hard to get a ridiculous amount of credit once you responsibly pay your bills off in full each month for a while.

>>139636985

I defend anyone judged without the full spectrum.

Enemies or allies, those are just perspectives of the moment.

>>139638063

You have to admit that they're out of their fucking mind to give you access to that much credit.

Come the day that your mid-life crisis hits and you decide to go on a hooker and blow binge, there's going to be a fun time in vegas.

>>139637380
>Goldberg

NOW you believe them?

>>139638063
> spend your life acquiring good goy points
> eventually they are willing to lend you a retarded amount of money
> take it all, spend on plastic surgery, a fake passport and an airplane ticket
> still have enough to live happily ever after
Is this the new american dream, lads?

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Here's how I see this argument going:
>Yes Goy, just build up small amounts of debts and pay it off so you're credit is good.
>Yes Goy, acrue a good credit score so you can take out that loan/mortage on something you can't afford
>Yes Goy, get trapped paying off something for half your adult life because you were't smart enough to be fiscally responsible.

Here's what you do:
>Don't get trapped by the credit jew, pay for things in Cash/Debit, it's your money and they can't take that away from you.
>Instead of buying a house:
buy land. It's almost always cheaper, you can set up a temporary home like>>139610909
said and build your own residence, or have someone build it for you. If you have a decent living wage of around $70-$90k a year, you could construct a nice /comfy/ home suitable for a family within in a year or two, if you save and spend wisely. Then all you have to worry about after that is electricity and plumbing, but that'll be easier to manage without a $500,000 mortgage that you have to pay off partially every month.
>Even better:
Check if you can drill a well on your land, and if you have access to a clean supply of groundwater. Then you'll never have to worry about water.
>Get creative with electricity, solar, wind, anything that'll take the edge off any bills. But try to do it yourself, going through solar and wind companies is just going to fill you with more costs.

This is how you beat the Jew.

>>139610160
Because they are bloody kids you autistic faggot

>>139638636

>new

that's been the dream since coke was big.

>>139638381
The totality of the credit is pretty insane, the only reason I have access to that much is because I had it across a bunch of issuers.

The Chase card there with a $30,000 limit was originally a $35,000 limit, a Marriott Visa. I also had another chase card (United Visa) with $11,000 limit. I went for a chase freedom (No annual fee, at the time 10% cashback on amazon, regularly rotating 5% categories)... approved, $500 limit. I had them re-allocate credit limit from the Marriott to the Freedom. They were done giving me any additional credit, lol.

The Amex at $25,000 is a shock and kind of risky. Sometimes Amex gets their panties in a bunch if you have more than $25K in credit with them and I have.... $39.2K available across two cards? Anyhow if they suspect your finances might be unstable they reserve the right to audit you and close your account if you don't want to comply.

The rest is just spread among multiple cards from multiple banks.

Also discover upped my limit from $23,500 to $28,500 when I logged in today to check my credit score... so this is actually $5,000 below my actual credit combined limit now.

>>139638636
It would be hard to spend money out of pattern. The most you could get would probably be about $60,000, assuming you went and did a cash advance on every single card at once. But Chase isn't going to let me cash advance my entire cash advance limit (which is typically about 30% of your credit limit on a given line) on one card and then repeat on the other two. They'll cut it off.

Still funny to think about the possibility.

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>>139611829
What is stopping me from going out qnd claiming derilict, or some marshland as my own property?

>>139633895
15,000
7,000
5,000
3700
2500
2150
1900

So 37,250$ worth of credit.

>>139610160
Everyone in this thread who thinks having a credit card, building credit, or taking out a hard installment loan to build credit is part of some "jewish scheme" or doesnt want to be judged as a good goy or bad goy, is fucking retarded and you all deserve to be in poverty.
I expected different from this board desu, i've been here since trayvon dindu nuffin and alot of the posters here are more intelligent than the average public street pleb, but to see many of you oppose the benefits of building credit and not take advantage of it makes me understand why many of you are poor or middle class.
How the fuck do you expect to get a loan for a house? Or a car? Must be nice having mommy and daddy provide everything.
Wanna start a business? good luck finding someone to give you $100,000 to start you off.
How the fuck do any of you plebs expect to get out of mediocrity and actually have freedom in this world if you think one of the most basic fundamentals of budgeting is a "jewish trick"?

>>139639835
And my balance is 0$

>>139639901

Yeah, it's a necessary evil if you want to climb the ladder.

There's always some form of extortion when you want to do that, how you want to dress it up is up to society.

>>139640050

You have to understand, you're a more useful bartering piece when you're indebted. Usury is a very old system.

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Becuse it's a scam . Not sure if I count as millennial (94) but I'm living just fine without a single credit card. I have a debit, but it only uses money that I actully have.
It's not that god damn hard to live inside your means, I dont even have a proper education

>>139631819
>White men belong in the city

no man belongs in a city, real men build a homestead that becomes a city because it can feed it's workers rather than selling ideas of how one should live in a city.

>>139610160
I'm 49 and have no credit whatsoever. My house is bought outright, I never use credit cards, overdrafts, loans and so on.
I have 3 bank accounts, all in credit. One for my wife and I and home expenses, one for our two kids and a miscellaneous account for getting paid, investments, holidays, and whatever.

I have a business account too which is open to a registered accountant for auditing, payroll, employer indemnity insurance, staff pensions, national insurance, and complexities of the vehicles I run for my business, and loads of other things that I don't even understand. (that's why I pay people to do it).
run a bakery with 3 shops and I supply restaurants. I employ 4 permanent staff; 2 bakers (other than me), a part time secretary and a general labourer.
We have a meeting every week to discuss products, staff grievences, who's going on holiday when- (I give 31 days paid holiday each year), and statutory sick leave if someone is sick - and I'll make sure they are visited to see if they need anything, and bring some food. Make sure that they're alright. Our bakery has won national awards for our produce. I make certain that this excellence is shared. By profit sharing.

Profit sharing is the way forward for this business. Baking bread means that you must get up at at least 4am an be at work, sober and capable by 5am. I run the shifts so that there's a combination of early and late shifts. That way nobody is deprived of sleep.
We make most of our profits from the restaurants (maybe 60%). The rest is selling loaves and sanwiches in shop.

Credit is bad as it encourages impulsive spending.

>>139640806

What's your favorite dough to make?

I've only been doing it like a decade, started folding in all kinds of crazy shit though. Bread is rewarding because you get the whole growth + creation angle in a few hours.

You don't need credit. Only retards get a loan for cars or houses.

>>139640389
its not a scam you fucking moron holy shit this is the most disappointing thread i've ever seen on here.
Using a credit card doesn't make you pay interest at all if you pay off the full balance every time. It's exactly like a debit card except you get a month to pay it off.
If you use it responsibly and dont go above a 20% of your limit then banks and credit unions will literally offer you a house worth of money at a very reasonable interest rate, which if you're smart enough and make some good financial decisions, can use that heap of cash to invest in something that will give you a return so much greater than the interest you pay on it that you'll think whoever offered you the money in the first place is twice as retarded as you are for thinking credit is a scam.

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>>139641244

You talk like someone in a pyramid scheme, senpai

>>139641448
you post like your parents still give you money for lunch

>>139632996
>use the system as efficiently as possible. Get one fucking card.
You should have at least two from different issuers.

>>139610160
cause you're a faggot, that's why

>>139641244
Or you can just buy something when you have the money for it

>>139641686

>implying

Not everyone likes dealing with ephemeral currency with no oversight for the populace and no backing beyond debt speculation.

>>139642616
>only pay for things with cas
>dont build your credit
check id
>cnn
makes sense

>>139642848
and not everybody will taste financial freedom either

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>>139610160
(((((((((((BANKS)))))))))))))

>>139643288

The concept of the system precludes that from being an option, only a pipe dream. No matter how big you get, you'll always be under someone's thumb.

>>139639420
trespassing laws unless you have Allemansratten, police with guns, landowners with guns, surveyors with guns, the fact that homesteading is difficult in the best locations and the middle of a marsh is not ideal? but you do you, anprim.

>>139641069
>What's your favorite dough to make?
I like to make sourdough at home.
Also, because I'm Northern Irish, potato bread. I love potato bread. It has a thick density and if you bake it at home, then it'll fill your house with a smell that no one can't resist.
Here's a potatobread recipe.
http://allrecipes.co.uk/recipe/39491/irish-potato-bread.aspx

Serve it with chopped spring onion (I think scallions in US), some melted butter, and whatever else you want.
Some mushrooms, crispy bacan, or have it sweet with cream, honey and fruit. It is VERY dense, though. But easy to make and you'll be well thanked for it. And well fed.

>>139643536
what does that even mean? financial freedom is financial freedom. go to any successful small business in america and ask how much of their shit is financed, i bet you atleast half of their startup expenses are financed.
You ever go to a gym? all those treadmills, 100% of them are financed. They pay a monthly fee for treadmill finance, and the rent or if they also decided to finance the location, and they collect a monthly fee from all the clients who have memberships, so they never lose money as long as they keep strong member numbers. you think everyone has 300+k laying around to start a gym? nah, but alot of poor people have really great credit which allowed them to take a loan out for 300k and start a gym and not be poor anymore.