One Man Banned Posted February 1 Share Posted February 1 If you're reading down and you reach the nuts, you've read way too far down 1 Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted February 1 Author Share Posted February 1 4 hours ago, mr.yuck said: Anyone heard that 'they' are changing the way credit scores are calculated Starting this summer. Its full on fuck you and I hope you don't ever need credit for anything again season. Oh god I hope it’s not truth. Lolol. Im barely together again! 1 Quote Link to comment Share on other sites More sharing options...
ndv Posted February 1 Share Posted February 1 Anyone else find themselves getting commandeered by @MOOGLE? 's Twitter posts from things we should be doing. I swear, MOOGLE post something amd the next thing I know, it's been 30mins and I am still scrolling. 1 1 Quote Link to comment Share on other sites More sharing options...
mr.yuck Posted February 1 Share Posted February 1 6 minutes ago, NightmareOnElmStreet said: Oh god I hope it’s not truth. Lolol. Im barely together again! Bro I just missed a small payment on something for the first time in 10 years and it knocked my shit down 65 points. Fucking dramatic. That shit was so devastating I don't even care what happens anymore. 1 Quote Link to comment Share on other sites More sharing options...
Schnitzel Posted February 1 Share Posted February 1 Curious to see what happens this year. After a decade of virtually 0% interest on mortgages we've had like 8 interest rate rises with another 4 predicted before it stops. Total rate rise of about 4.75% predicted. The kicker is about 20% of Australian mortgages that have been on 5 years fixed rate mature this year and when that happens people who've been paying 2.75% interest will instantly jump to the market rate. So many people who've been paying off 3k per. month and having high disposable income going to struggle once they start paying 6k per month. But how about those who've been struggling to make the 3k payments. Our housing market will be toast. There will be huge numbers of distress sales bringing down the price. Pretty good to be first house sale on the block dreadful to be the 7th Imagine falling behind on your loan, having your house repossessed, and then sold and due to price falls still end up owing the bank money. We dont have those loans where you can just hand back the keys. Ouch. Side note: I just applied for a job and left a major fucking typo in the application. fuckinell 1 1 Quote Link to comment Share on other sites More sharing options...
MOOGLE? Posted February 1 Share Posted February 1 18 minutes ago, ndv said: Anyone else find themselves getting commandeered by @MOOGLE? 's Twitter posts from things we should be doing. I swear, MOOGLE post something amd the next thing I know, it's been 30mins and I am still scrolling. 2 2 Quote Link to comment Share on other sites More sharing options...
LUGR Posted February 1 Share Posted February 1 2 hours ago, ndv said: Anyone else find themselves getting commandeered by @MOOGLE? 's Twitter posts from things we should be doing. I swear, MOOGLE post something amd the next thing I know, it's been 30mins and I am still scrolling. Clout chasing those tweets. 2 Quote Link to comment Share on other sites More sharing options...
mr.yuck Posted February 1 Share Posted February 1 1 hour ago, NightmareOnElmStreet said: Oh god I hope it’s not truth. Lolol. Im barely together again! Damn. I just found an article that says credit scores are at an all time high of 703 on average. People with good credit will likely see an increase of 20 points and people with bad credit will lose an additional 20 points. So basically they are moving the field goal mid game because too many people are winning right now. https://www.google.com/amp/s/www.cnbc.com/amp/select/credit-score-changes-fico-10/ Quote Link to comment Share on other sites More sharing options...
Dark_Knight Posted February 1 Share Posted February 1 805 credit score gang 1 3 Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted February 1 Share Posted February 1 18 hours ago, ndv said: A year ago, I decided to beta test affirm to see how much my credit score would go up and made a purchase a few hundred bucks above 3k, financed for 12 months and this coming March I will have the loan paid off. I am then gonna run my score again. I use one of their high interest savings accts. So far so good. I’m getting like $15/mo interest accrued 2 Quote Link to comment Share on other sites More sharing options...
mr.yuck Posted February 1 Share Posted February 1 3 hours ago, Dark_Knight said: 805 credit score gang Damn son. You could finance a helicopter no questions asked if you wanted to. 1 2 Quote Link to comment Share on other sites More sharing options...
ndv Posted February 1 Share Posted February 1 (edited) 33 minutes ago, KILZ FILLZ said: I use one of their high interest savings accts. So far so good. I’m getting like $15/mo interest accrued The only issue I have with affirm is their credibility check in an applicants profile. Basically, you can put in almost any income you want. Honestly it kinda reminded me of the Credit Default Swap and all that housing market crash. Mass majority want it but truly can offrd it. #curbappeal Kinda scary Edited February 1 by ndv 1 Quote Link to comment Share on other sites More sharing options...
mr.yuck Posted February 1 Share Posted February 1 12 minutes ago, ndv said: The only issue I have with affirm is their credibility check in an applicants profile. Basically, you can put in almost any income you want. Honestly it kinda reminded me of the Credit Default Swap and all that housing market crash. Mass majority want it but truly can offrd it. #curbappeal Kinda scary I applied for a home Depot contractor account like that. The store basically just called their credit deptment from inside the store, I talked to some one for less than 5 minutes, told them my business did a million a year and they instantly sent me a card for about 10k. I instantly blew through that to catapult my business from a stand still and never looked back. For about a year they sent me bills for payment and I just never paid anything. Eventually the mail and calls stopped. This never went onto my credit in any way as late pays or charge offs, not nothing. This was probably close to 10 years ago at this point. I don't recommend this as a plan to anyone as company policies might have changed from not giving a fuck to really giving a fuck. Good luck out there everyone! 3 2 Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted February 1 Share Posted February 1 13 minutes ago, ndv said: The only issue I have with affirm is their credibility check in an applicants profile. Basically, you can put in almost any income you want. Honestly it kinda reminded me of the Credit Default Swap and all that housing market crash. Mass majority want it but truly can offrd it. #curbappeal Kinda scary everytime i open the app they ask me for my income, and every time i press the button for “skip” lol. I checked the acct and it’s 3.5% APY. it’s separate from my bank so I can’t touch the money easily (protect myself from myself). My only concern is if they fail and i lose my shit. A la FTX or Celsius. But I’m kinda reassured that won’t happen because of all the shopping and financing shit people use affirm for. I don’t believe many people use them solely as a savings acct, but I also have nothing to base that on. When I opened the acct I told some friends and none of them had even heard of afffirm before. 2 Quote Link to comment Share on other sites More sharing options...
ndv Posted February 1 Share Posted February 1 (edited) 30 minutes ago, KILZ FILLZ said: everytime i open the app they ask me for my income, and every time i press the button for “skip” lol. I checked the acct and it’s 3.5% APY. it’s separate from my bank so I can’t touch the money easily (protect myself from myself). My only concern is if they fail and i lose my shit. A la FTX or Celsius. But I’m kinda reassured that won’t happen because of all the shopping and financing shit people use affirm for. I don’t believe many people use them solely as a savings acct, but I also have nothing to base that on. When I opened the acct I told some friends and none of them had even heard of afffirm before. I hear you. I haven't opened a savings account with them, yet. But have given it thought. I do agree with the thought of consumer consumption is the driving factor for the success of Affirm and new age lending companies alike. I know they have been giving me options lately to get a credit card and open a savings account. I may take them up on their offer by end the year. I want to, again, finance something useful, but haven't come across anything that has made me pull the trigger, came close, but now cigar. Edited February 1 by ndv 1 Quote Link to comment Share on other sites More sharing options...
NightmareOnElmStreet Posted February 2 Author Share Posted February 2 10 hours ago, KILZ FILLZ said: everytime i open the app they ask me for my income, and every time i press the button for “skip” lol. I checked the acct and it’s 3.5% APY. it’s separate from my bank so I can’t touch the money easily (protect myself from myself). My only concern is if they fail and i lose my shit. A la FTX or Celsius. But I’m kinda reassured that won’t happen because of all the shopping and financing shit people use affirm for. I don’t believe many people use them solely as a savings acct, but I also have nothing to base that on. When I opened the acct I told some friends and none of them had even heard of afffirm before. Tf are y’all talking about? Savings accounts at affirm? Never heard of such a thing! I have used it a couple times to buy shit I didn’t feel like paying for outright. Like my stupid carhart seat covers lol. Am I slippin?! 1 1 Quote Link to comment Share on other sites More sharing options...
LUGR Posted February 2 Share Posted February 2 2 hours ago, NightmareOnElmStreet said: Tf are y’all talking about? Savings accounts at affirm? Never heard of such a thing! I have used it a couple times to buy shit I didn’t feel like paying for outright. Like my stupid carhart seat covers lol. Am I slippin?! Weren’t those seat covers trash? I swear you were on here saying they were faulty. Quote Link to comment Share on other sites More sharing options...
metronome Posted February 2 Share Posted February 2 On 1/31/2023 at 6:25 PM, Schnitzel said: Curious to see what happens this year. After a decade of virtually 0% interest on mortgages we've had like 8 interest rate rises with another 4 predicted before it stops. Total rate rise of about 4.75% predicted. The kicker is about 20% of Australian mortgages that have been on 5 years fixed rate mature this year and when that happens people who've been paying 2.75% interest will instantly jump to the market rate. So many people who've been paying off 3k per. month and having high disposable income going to struggle once they start paying 6k per month. But how about those who've been struggling to make the 3k payments. Our housing market will be toast. There will be huge numbers of distress sales bringing down the price. Pretty good to be first house sale on the block dreadful to be the 7th Imagine falling behind on your loan, having your house repossessed, and then sold and due to price falls still end up owing the bank money. We dont have those loans where you can just hand back the keys. Ouch. Side note: I just applied for a job and left a major fucking typo in the application. fuckinell We have similar issues here in Canada. Our fed govt introduced a mortgage stress test condition of loan which pissed a ton of people off because it prevented them from getting into a way bloated mortgage, also the feds fault, because they weren't curbing baloney foreign investment/money laundering which inflated the real estate market here WILDLY. I big brained it about a 2 yrs ago and broke my mortgage early to get into a smaller interest rate. Paid a penalty of about $6k to save ~$15k over the life of the loan (5 yrs.... bank tried to talk me out of it lol "think of the penalty!" and wanted me to do a "port" option where I only paid a ~280 penalty to save 2k, no thx) So now my interest rate is set below 2% for another 3 years and I am hoping that by then things have settled down a bit and the central banks are done with rate hikes. In the mean time I'm making as many payments to principal above my regular payments to chunk out what the interest will be on the next loan when its time to renew. Weee.... 3 Quote Link to comment Share on other sites More sharing options...
Dark_Knight Posted February 2 Share Posted February 2 23 hours ago, Dark_Knight said: 805 credit score gang Nvm it’s 795 right now. Idk what happened. Please give me time to recover during this low point of my life. 1 3 Quote Link to comment Share on other sites More sharing options...
LUGR Posted February 2 Share Posted February 2 3 hours ago, Dark_Knight said: Nvm it’s 795 right now. Idk what happened. Please give me time to recover during this low point of my life. Creed….you need some Creed to give you the strength to overcome. 1 Quote Link to comment Share on other sites More sharing options...
metronome Posted February 2 Share Posted February 2 Self Improvement Through Scott Stapp 2 Quote Link to comment Share on other sites More sharing options...
KILZ FILLZ Posted February 2 Share Posted February 2 13 hours ago, NightmareOnElmStreet said: Tf are y’all talking about? Savings accounts at affirm? Never heard of such a thing! I have used it a couple times to buy shit I didn’t feel like paying for outright. Like my stupid carhart seat covers lol. Am I slippin?! I have a hard time not touching the money in my savings acct if it’s in the same app as my debit card/checking. So I moved my savings acct over to affirm to make it harder for me to touch the money. When I have savings and checking both on my bank app I would xfer from savings to checking to spend on dumb shit. My life is a series of safeguards I set up to protect future me from current dumbass/drunk me lol 1 1 2 Quote Link to comment Share on other sites More sharing options...
One Man Banned Posted February 2 Share Posted February 2 Interest rates don't justify having a savings account for me, they're shit compared to what they used to be and your money doesn't earn much to make it worth it. Feel like it's just as good to keep my money under the mattress or buried in the back yard. Quote Link to comment Share on other sites More sharing options...
grim540 Posted February 3 Share Posted February 3 I was today years old when I learned that Physical(You're So) was a Adam & the Ants song. 1 Quote Link to comment Share on other sites More sharing options...
Elena Delle Donne Posted February 3 Share Posted February 3 22 hours ago, Dark_Knight said: Nvm it’s 795 right now. Idk what happened. Please give me time to recover during this low point of my life. better than me. they hate that i refuse to open more than one card and have no debt 1 Quote Link to comment Share on other sites More sharing options...
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