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What does it take to get a 0 credit score
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I'm not sure if a 0 credit score is the same thing as having 'no credit history'. I'm wondering how long it would take a credit score to drop to 0 (something Dave Ramsey says happens eventually after you pay off all of your debt/close all accounts). I looked online and people seem to suggest that there is no such thing as a 0 credit score and that it will take between 10 years and never for your credit history to go away. I think I've heard Dave Ramsey say it takes between 6 months and a year but I can't seem to find anything to verify this. Does anyone know how long it would take for your credit score to drop to 0? Or if there is such a thing for that matter as a 0 credit score?
Thanks.
Additional info:
My goal is a 0 credit score, and I would see that just as a small personal accomplishment. All of my debt/accounts are now paid off and closed so I just want to know if this is something that will happen and if so approximately when. This question is entirely driven by personal curiosity.
This is the form I saw where people said there is no such thing as a 0 credit score:
http://www.city-data.com/forum/personal-finance/1139747-how-long-does-take-credit-score.html
united-states credit-score debt
asked 2 hours ago
Erica Grant
1114
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Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
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up vote
2
down vote
favorite
I'm not sure if a 0 credit score is the same thing as having 'no credit history'. I'm wondering how long it would take a credit score to drop to 0 (something Dave Ramsey says happens eventually after you pay off all of your debt/close all accounts). I looked online and people seem to suggest that there is no such thing as a 0 credit score and that it will take between 10 years and never for your credit history to go away. I think I've heard Dave Ramsey say it takes between 6 months and a year but I can't seem to find anything to verify this. Does anyone know how long it would take for your credit score to drop to 0? Or if there is such a thing for that matter as a 0 credit score?
Thanks.
Additional info:
My goal is a 0 credit score, and I would see that just as a small personal accomplishment. All of my debt/accounts are now paid off and closed so I just want to know if this is something that will happen and if so approximately when. This question is entirely driven by personal curiosity.
This is the form I saw where people said there is no such thing as a 0 credit score:
http://www.city-data.com/forum/personal-finance/1139747-how-long-does-take-credit-score.html
united-states credit-score debt
asked 2 hours ago
Erica Grant
1114
New contributor
Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |Â
up vote
2
down vote
favorite
up vote
2
down vote
favorite
I'm not sure if a 0 credit score is the same thing as having 'no credit history'. I'm wondering how long it would take a credit score to drop to 0 (something Dave Ramsey says happens eventually after you pay off all of your debt/close all accounts). I looked online and people seem to suggest that there is no such thing as a 0 credit score and that it will take between 10 years and never for your credit history to go away. I think I've heard Dave Ramsey say it takes between 6 months and a year but I can't seem to find anything to verify this. Does anyone know how long it would take for your credit score to drop to 0? Or if there is such a thing for that matter as a 0 credit score?
Thanks.
Additional info:
My goal is a 0 credit score, and I would see that just as a small personal accomplishment. All of my debt/accounts are now paid off and closed so I just want to know if this is something that will happen and if so approximately when. This question is entirely driven by personal curiosity.
This is the form I saw where people said there is no such thing as a 0 credit score:
http://www.city-data.com/forum/personal-finance/1139747-how-long-does-take-credit-score.html
united-states credit-score debt
asked 2 hours ago
Erica Grant
1114
New contributor
Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
I'm not sure if a 0 credit score is the same thing as having 'no credit history'. I'm wondering how long it would take a credit score to drop to 0 (something Dave Ramsey says happens eventually after you pay off all of your debt/close all accounts). I looked online and people seem to suggest that there is no such thing as a 0 credit score and that it will take between 10 years and never for your credit history to go away. I think I've heard Dave Ramsey say it takes between 6 months and a year but I can't seem to find anything to verify this. Does anyone know how long it would take for your credit score to drop to 0? Or if there is such a thing for that matter as a 0 credit score?
Thanks.
Additional info:
My goal is a 0 credit score, and I would see that just as a small personal accomplishment. All of my debt/accounts are now paid off and closed so I just want to know if this is something that will happen and if so approximately when. This question is entirely driven by personal curiosity.
This is the form I saw where people said there is no such thing as a 0 credit score:
http://www.city-data.com/forum/personal-finance/1139747-how-long-does-take-credit-score.html
united-states credit-score debt
united-states credit-score debt
asked 2 hours ago
Erica Grant
1114
New contributor
Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 2 hours ago
Erica Grant
1114
New contributor
Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited 2 hours ago
asked 2 hours ago
Erica Grant
1114
New contributor
Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 2 hours ago
Erica Grant
1114
asked 2 hours ago
Erica Grant
1114
1114
New contributor
Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Erica Grant is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |Â
add a comment |Â
4 Answers
4
active
oldest
votes
up vote
3
down vote
The thing about credit scores that many people do not understand is that the standards change. What was true a few years ago, certainly is not true today and could be vastly different in a few weeks.
There is no such thing as a 0 credit score, only that you could have insufficient history to provide a score. People in certain disciplines see a big difference in a value such as zero, and "cannot be calculated". Saying that a score is zero is careless wording.
However, in the future, very few adults will have the ability to have no score. FICO intends to use utility payments to determine a score even if you don't have open credit accounts. See the article New FICO Score Factors in Utilities & How Often You Move
In my opinion it is just as foolish to attempt to achieve a no-score as it is to achieve an 825 or above. A credit score does not represent wealth or what kind of person you are. Let it go, set goals where you can achieve the outcome, and take care of your loved ones. Credit score is something you cannot directly
control.
edited 28 mins ago
JoeTaxpayer♦
142k22224458
answered 2 hours ago
Pete B.
47.1k1098149
825 is for amateurs. A year ago, I worked to get our scores to 850. When I called our bank to renew and increase our HELOC, it was great to hear the agent say "holy crap, I've never seen this before, 2 850 FICO scores." They asked for proof of assets, i.e. 401(k) and IRA statements, via email, and nothing else. Even the house appraisal was a drive-by. Yes, 800 probably would have had the same result.
– JoeTaxpayer♦
18 mins ago
add a comment |Â
up vote
2
down vote
To clarify part of your question, the range for FICO scores is 300-850, so to start with, there is no such thing as a "zero" credit score.
To answer the rest, a lack of credit history will not put you at the low end of the scale. You would need to have a long history of bankruptcy, missed payments, judgments, etc., to approach the 300 end of the scale. If you have no credit history at all, you will be in the "fair" credit range which will not get you the best available rates on loans, but it will not be impossible to obtain credit at higher rates.
Dave Ramsey is only telling part of the truth about your score declining if you close all of your accounts. Yes, your scores will decline immediately as your oldest open accounts are closed and the average age of your open credit lines will effectively become 0. The age of current credit lines is only a small portion of the score. Payments (on time and late) are in your history for 7 years, but that doesn't mean your credit history is completely clean even after 7 years. Even if you closed all accounts and waited for everything to age out of your credit report, you would still be back to possibly high 500s with your score immediately improving as soon as you started creating a good payment history again.
answered 28 mins ago
Nathan L
29k1573126
add a comment |Â
up vote
0
down vote
I had a zero credit score when completing the purchase of my house in the USA, in 2006. They key seems to be only having lived there 9 months and had no US debt or utility bills as they were included in the rent. Several people expressed surprise that the credit union would lend to us with a 0 credit score.
answered 2 hours ago
Ian Turton
1514
1
In this case, someone is conflating aNULLscore with0, having no credit history or basis for score is not the same as having the worst score imaginable. But, I don't believe it is possible to have a score so bad that it hits zero, so it makes sense that they just adopted0as meaning no basis, rather than worst imaginable.
– Hart CO
1 hour ago
1
The paper print out said fico score 0. I toyed with getting it framed
– Ian Turton
1 hour ago
Looks like the scale might actually only be from 300-850? I hadn't read that before but that's interesting. blog.credit.com/2017/04/…
– Hart CO
1 hour ago
add a comment |Â
up vote
0
down vote
The Dave Ramsey 6 months to a year is not correct. Bad credit stay on for 7 years, but an account in good standing when closed will show for 10 years. When I check my own credit report, I see pages of accounts long closed.
I am curious how you'd plan to rent a car or reserve a hotel room. These are the 2 things that come to mind which are pretty annoying to do without a credit card.
answered 9 mins ago
JoeTaxpayer♦
142k22224458
My credit was 759 when I close all the accounts, don't know if that helps. Also looking online it looks like you can rent a car or book a hotel room with a debit card. I've only ever booked a hotel once and I used a debit card for that. Also those seem like such out of the ordinary things for me to do a little extra work might not be too bad, since its so rare. :) Also I've never had an account in bad standing, don't know if that helps either. Thanks for your answer.
– Erica Grant
46 secs ago
add a comment |Â
4 Answers
4
active
oldest
votes
4 Answers
4
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
3
down vote
The thing about credit scores that many people do not understand is that the standards change. What was true a few years ago, certainly is not true today and could be vastly different in a few weeks.
There is no such thing as a 0 credit score, only that you could have insufficient history to provide a score. People in certain disciplines see a big difference in a value such as zero, and "cannot be calculated". Saying that a score is zero is careless wording.
However, in the future, very few adults will have the ability to have no score. FICO intends to use utility payments to determine a score even if you don't have open credit accounts. See the article New FICO Score Factors in Utilities & How Often You Move
In my opinion it is just as foolish to attempt to achieve a no-score as it is to achieve an 825 or above. A credit score does not represent wealth or what kind of person you are. Let it go, set goals where you can achieve the outcome, and take care of your loved ones. Credit score is something you cannot directly
control.
edited 28 mins ago
JoeTaxpayer♦
142k22224458
answered 2 hours ago
Pete B.
47.1k1098149
825 is for amateurs. A year ago, I worked to get our scores to 850. When I called our bank to renew and increase our HELOC, it was great to hear the agent say "holy crap, I've never seen this before, 2 850 FICO scores." They asked for proof of assets, i.e. 401(k) and IRA statements, via email, and nothing else. Even the house appraisal was a drive-by. Yes, 800 probably would have had the same result.
– JoeTaxpayer♦
18 mins ago
add a comment |Â
up vote
3
down vote
The thing about credit scores that many people do not understand is that the standards change. What was true a few years ago, certainly is not true today and could be vastly different in a few weeks.
There is no such thing as a 0 credit score, only that you could have insufficient history to provide a score. People in certain disciplines see a big difference in a value such as zero, and "cannot be calculated". Saying that a score is zero is careless wording.
However, in the future, very few adults will have the ability to have no score. FICO intends to use utility payments to determine a score even if you don't have open credit accounts. See the article New FICO Score Factors in Utilities & How Often You Move
In my opinion it is just as foolish to attempt to achieve a no-score as it is to achieve an 825 or above. A credit score does not represent wealth or what kind of person you are. Let it go, set goals where you can achieve the outcome, and take care of your loved ones. Credit score is something you cannot directly
control.
edited 28 mins ago
JoeTaxpayer♦
142k22224458
answered 2 hours ago
Pete B.
47.1k1098149
825 is for amateurs. A year ago, I worked to get our scores to 850. When I called our bank to renew and increase our HELOC, it was great to hear the agent say "holy crap, I've never seen this before, 2 850 FICO scores." They asked for proof of assets, i.e. 401(k) and IRA statements, via email, and nothing else. Even the house appraisal was a drive-by. Yes, 800 probably would have had the same result.
– JoeTaxpayer♦
18 mins ago
add a comment |Â
up vote
3
down vote
up vote
3
down vote
The thing about credit scores that many people do not understand is that the standards change. What was true a few years ago, certainly is not true today and could be vastly different in a few weeks.
There is no such thing as a 0 credit score, only that you could have insufficient history to provide a score. People in certain disciplines see a big difference in a value such as zero, and "cannot be calculated". Saying that a score is zero is careless wording.
However, in the future, very few adults will have the ability to have no score. FICO intends to use utility payments to determine a score even if you don't have open credit accounts. See the article New FICO Score Factors in Utilities & How Often You Move
In my opinion it is just as foolish to attempt to achieve a no-score as it is to achieve an 825 or above. A credit score does not represent wealth or what kind of person you are. Let it go, set goals where you can achieve the outcome, and take care of your loved ones. Credit score is something you cannot directly
control.
edited 28 mins ago
JoeTaxpayer♦
142k22224458
answered 2 hours ago
Pete B.
47.1k1098149
The thing about credit scores that many people do not understand is that the standards change. What was true a few years ago, certainly is not true today and could be vastly different in a few weeks.
There is no such thing as a 0 credit score, only that you could have insufficient history to provide a score. People in certain disciplines see a big difference in a value such as zero, and "cannot be calculated". Saying that a score is zero is careless wording.
However, in the future, very few adults will have the ability to have no score. FICO intends to use utility payments to determine a score even if you don't have open credit accounts. See the article New FICO Score Factors in Utilities & How Often You Move
In my opinion it is just as foolish to attempt to achieve a no-score as it is to achieve an 825 or above. A credit score does not represent wealth or what kind of person you are. Let it go, set goals where you can achieve the outcome, and take care of your loved ones. Credit score is something you cannot directly
control.
edited 28 mins ago
JoeTaxpayer♦
142k22224458
answered 2 hours ago
Pete B.
47.1k1098149
edited 28 mins ago
JoeTaxpayer♦
142k22224458
edited 28 mins ago
JoeTaxpayer♦
142k22224458
edited 28 mins ago
JoeTaxpayer♦
142k22224458
142k22224458
answered 2 hours ago
Pete B.
47.1k1098149
answered 2 hours ago
Pete B.
47.1k1098149
answered 2 hours ago
Pete B.
47.1k1098149
47.1k1098149
825 is for amateurs. A year ago, I worked to get our scores to 850. When I called our bank to renew and increase our HELOC, it was great to hear the agent say "holy crap, I've never seen this before, 2 850 FICO scores." They asked for proof of assets, i.e. 401(k) and IRA statements, via email, and nothing else. Even the house appraisal was a drive-by. Yes, 800 probably would have had the same result.
– JoeTaxpayer♦
18 mins ago
add a comment |Â
825 is for amateurs. A year ago, I worked to get our scores to 850. When I called our bank to renew and increase our HELOC, it was great to hear the agent say "holy crap, I've never seen this before, 2 850 FICO scores." They asked for proof of assets, i.e. 401(k) and IRA statements, via email, and nothing else. Even the house appraisal was a drive-by. Yes, 800 probably would have had the same result.
– JoeTaxpayer♦
18 mins ago
825 is for amateurs. A year ago, I worked to get our scores to 850. When I called our bank to renew and increase our HELOC, it was great to hear the agent say "holy crap, I've never seen this before, 2 850 FICO scores." They asked for proof of assets, i.e. 401(k) and IRA statements, via email, and nothing else. Even the house appraisal was a drive-by. Yes, 800 probably would have had the same result.
– JoeTaxpayer♦
18 mins ago
825 is for amateurs. A year ago, I worked to get our scores to 850. When I called our bank to renew and increase our HELOC, it was great to hear the agent say "holy crap, I've never seen this before, 2 850 FICO scores." They asked for proof of assets, i.e. 401(k) and IRA statements, via email, and nothing else. Even the house appraisal was a drive-by. Yes, 800 probably would have had the same result.
– JoeTaxpayer♦
18 mins ago
add a comment |Â
up vote
2
down vote
To clarify part of your question, the range for FICO scores is 300-850, so to start with, there is no such thing as a "zero" credit score.
To answer the rest, a lack of credit history will not put you at the low end of the scale. You would need to have a long history of bankruptcy, missed payments, judgments, etc., to approach the 300 end of the scale. If you have no credit history at all, you will be in the "fair" credit range which will not get you the best available rates on loans, but it will not be impossible to obtain credit at higher rates.
Dave Ramsey is only telling part of the truth about your score declining if you close all of your accounts. Yes, your scores will decline immediately as your oldest open accounts are closed and the average age of your open credit lines will effectively become 0. The age of current credit lines is only a small portion of the score. Payments (on time and late) are in your history for 7 years, but that doesn't mean your credit history is completely clean even after 7 years. Even if you closed all accounts and waited for everything to age out of your credit report, you would still be back to possibly high 500s with your score immediately improving as soon as you started creating a good payment history again.
answered 28 mins ago
Nathan L
29k1573126
add a comment |Â
up vote
2
down vote
To clarify part of your question, the range for FICO scores is 300-850, so to start with, there is no such thing as a "zero" credit score.
To answer the rest, a lack of credit history will not put you at the low end of the scale. You would need to have a long history of bankruptcy, missed payments, judgments, etc., to approach the 300 end of the scale. If you have no credit history at all, you will be in the "fair" credit range which will not get you the best available rates on loans, but it will not be impossible to obtain credit at higher rates.
Dave Ramsey is only telling part of the truth about your score declining if you close all of your accounts. Yes, your scores will decline immediately as your oldest open accounts are closed and the average age of your open credit lines will effectively become 0. The age of current credit lines is only a small portion of the score. Payments (on time and late) are in your history for 7 years, but that doesn't mean your credit history is completely clean even after 7 years. Even if you closed all accounts and waited for everything to age out of your credit report, you would still be back to possibly high 500s with your score immediately improving as soon as you started creating a good payment history again.
answered 28 mins ago
Nathan L
29k1573126
add a comment |Â
up vote
2
down vote
up vote
2
down vote
To clarify part of your question, the range for FICO scores is 300-850, so to start with, there is no such thing as a "zero" credit score.
To answer the rest, a lack of credit history will not put you at the low end of the scale. You would need to have a long history of bankruptcy, missed payments, judgments, etc., to approach the 300 end of the scale. If you have no credit history at all, you will be in the "fair" credit range which will not get you the best available rates on loans, but it will not be impossible to obtain credit at higher rates.
Dave Ramsey is only telling part of the truth about your score declining if you close all of your accounts. Yes, your scores will decline immediately as your oldest open accounts are closed and the average age of your open credit lines will effectively become 0. The age of current credit lines is only a small portion of the score. Payments (on time and late) are in your history for 7 years, but that doesn't mean your credit history is completely clean even after 7 years. Even if you closed all accounts and waited for everything to age out of your credit report, you would still be back to possibly high 500s with your score immediately improving as soon as you started creating a good payment history again.
answered 28 mins ago
Nathan L
29k1573126
To clarify part of your question, the range for FICO scores is 300-850, so to start with, there is no such thing as a "zero" credit score.
To answer the rest, a lack of credit history will not put you at the low end of the scale. You would need to have a long history of bankruptcy, missed payments, judgments, etc., to approach the 300 end of the scale. If you have no credit history at all, you will be in the "fair" credit range which will not get you the best available rates on loans, but it will not be impossible to obtain credit at higher rates.
Dave Ramsey is only telling part of the truth about your score declining if you close all of your accounts. Yes, your scores will decline immediately as your oldest open accounts are closed and the average age of your open credit lines will effectively become 0. The age of current credit lines is only a small portion of the score. Payments (on time and late) are in your history for 7 years, but that doesn't mean your credit history is completely clean even after 7 years. Even if you closed all accounts and waited for everything to age out of your credit report, you would still be back to possibly high 500s with your score immediately improving as soon as you started creating a good payment history again.
answered 28 mins ago
Nathan L
29k1573126
answered 28 mins ago
Nathan L
29k1573126
answered 28 mins ago
Nathan L
29k1573126
answered 28 mins ago
Nathan L
29k1573126
29k1573126
add a comment |Â
add a comment |Â
up vote
0
down vote
I had a zero credit score when completing the purchase of my house in the USA, in 2006. They key seems to be only having lived there 9 months and had no US debt or utility bills as they were included in the rent. Several people expressed surprise that the credit union would lend to us with a 0 credit score.
answered 2 hours ago
Ian Turton
1514
1
In this case, someone is conflating aNULLscore with0, having no credit history or basis for score is not the same as having the worst score imaginable. But, I don't believe it is possible to have a score so bad that it hits zero, so it makes sense that they just adopted0as meaning no basis, rather than worst imaginable.
– Hart CO
1 hour ago
1
The paper print out said fico score 0. I toyed with getting it framed
– Ian Turton
1 hour ago
Looks like the scale might actually only be from 300-850? I hadn't read that before but that's interesting. blog.credit.com/2017/04/…
– Hart CO
1 hour ago
add a comment |Â
up vote
0
down vote
I had a zero credit score when completing the purchase of my house in the USA, in 2006. They key seems to be only having lived there 9 months and had no US debt or utility bills as they were included in the rent. Several people expressed surprise that the credit union would lend to us with a 0 credit score.
answered 2 hours ago
Ian Turton
1514
1
In this case, someone is conflating aNULLscore with0, having no credit history or basis for score is not the same as having the worst score imaginable. But, I don't believe it is possible to have a score so bad that it hits zero, so it makes sense that they just adopted0as meaning no basis, rather than worst imaginable.
– Hart CO
1 hour ago
1
The paper print out said fico score 0. I toyed with getting it framed
– Ian Turton
1 hour ago
Looks like the scale might actually only be from 300-850? I hadn't read that before but that's interesting. blog.credit.com/2017/04/…
– Hart CO
1 hour ago
add a comment |Â
up vote
0
down vote
up vote
0
down vote
I had a zero credit score when completing the purchase of my house in the USA, in 2006. They key seems to be only having lived there 9 months and had no US debt or utility bills as they were included in the rent. Several people expressed surprise that the credit union would lend to us with a 0 credit score.
answered 2 hours ago
Ian Turton
1514
I had a zero credit score when completing the purchase of my house in the USA, in 2006. They key seems to be only having lived there 9 months and had no US debt or utility bills as they were included in the rent. Several people expressed surprise that the credit union would lend to us with a 0 credit score.
answered 2 hours ago
Ian Turton
1514
edited 1 hour ago
answered 2 hours ago
Ian Turton
1514
answered 2 hours ago
Ian Turton
1514
answered 2 hours ago
Ian Turton
1514
1514
1
In this case, someone is conflating aNULLscore with0, having no credit history or basis for score is not the same as having the worst score imaginable. But, I don't believe it is possible to have a score so bad that it hits zero, so it makes sense that they just adopted0as meaning no basis, rather than worst imaginable.
– Hart CO
1 hour ago
1
The paper print out said fico score 0. I toyed with getting it framed
– Ian Turton
1 hour ago
Looks like the scale might actually only be from 300-850? I hadn't read that before but that's interesting. blog.credit.com/2017/04/…
– Hart CO
1 hour ago
add a comment |Â
1
In this case, someone is conflating aNULLscore with0, having no credit history or basis for score is not the same as having the worst score imaginable. But, I don't believe it is possible to have a score so bad that it hits zero, so it makes sense that they just adopted0as meaning no basis, rather than worst imaginable.
– Hart CO
1 hour ago
1
The paper print out said fico score 0. I toyed with getting it framed
– Ian Turton
1 hour ago
Looks like the scale might actually only be from 300-850? I hadn't read that before but that's interesting. blog.credit.com/2017/04/…
– Hart CO
1 hour ago
1
1
In this case, someone is conflating a
NULL score with 0, having no credit history or basis for score is not the same as having the worst score imaginable. But, I don't believe it is possible to have a score so bad that it hits zero, so it makes sense that they just adopted 0 as meaning no basis, rather than worst imaginable.– Hart CO
1 hour ago
In this case, someone is conflating a
NULL score with 0, having no credit history or basis for score is not the same as having the worst score imaginable. But, I don't believe it is possible to have a score so bad that it hits zero, so it makes sense that they just adopted 0 as meaning no basis, rather than worst imaginable.– Hart CO
1 hour ago
1
1
The paper print out said fico score 0. I toyed with getting it framed
– Ian Turton
1 hour ago
The paper print out said fico score 0. I toyed with getting it framed
– Ian Turton
1 hour ago
Looks like the scale might actually only be from 300-850? I hadn't read that before but that's interesting. blog.credit.com/2017/04/…
– Hart CO
1 hour ago
Looks like the scale might actually only be from 300-850? I hadn't read that before but that's interesting. blog.credit.com/2017/04/…
– Hart CO
1 hour ago
add a comment |Â
up vote
0
down vote
The Dave Ramsey 6 months to a year is not correct. Bad credit stay on for 7 years, but an account in good standing when closed will show for 10 years. When I check my own credit report, I see pages of accounts long closed.
I am curious how you'd plan to rent a car or reserve a hotel room. These are the 2 things that come to mind which are pretty annoying to do without a credit card.
answered 9 mins ago
JoeTaxpayer♦
142k22224458
My credit was 759 when I close all the accounts, don't know if that helps. Also looking online it looks like you can rent a car or book a hotel room with a debit card. I've only ever booked a hotel once and I used a debit card for that. Also those seem like such out of the ordinary things for me to do a little extra work might not be too bad, since its so rare. :) Also I've never had an account in bad standing, don't know if that helps either. Thanks for your answer.
– Erica Grant
46 secs ago
add a comment |Â
up vote
0
down vote
The Dave Ramsey 6 months to a year is not correct. Bad credit stay on for 7 years, but an account in good standing when closed will show for 10 years. When I check my own credit report, I see pages of accounts long closed.
I am curious how you'd plan to rent a car or reserve a hotel room. These are the 2 things that come to mind which are pretty annoying to do without a credit card.
answered 9 mins ago
JoeTaxpayer♦
142k22224458
My credit was 759 when I close all the accounts, don't know if that helps. Also looking online it looks like you can rent a car or book a hotel room with a debit card. I've only ever booked a hotel once and I used a debit card for that. Also those seem like such out of the ordinary things for me to do a little extra work might not be too bad, since its so rare. :) Also I've never had an account in bad standing, don't know if that helps either. Thanks for your answer.
– Erica Grant
46 secs ago
add a comment |Â
up vote
0
down vote
up vote
0
down vote
The Dave Ramsey 6 months to a year is not correct. Bad credit stay on for 7 years, but an account in good standing when closed will show for 10 years. When I check my own credit report, I see pages of accounts long closed.
I am curious how you'd plan to rent a car or reserve a hotel room. These are the 2 things that come to mind which are pretty annoying to do without a credit card.
answered 9 mins ago
JoeTaxpayer♦
142k22224458
The Dave Ramsey 6 months to a year is not correct. Bad credit stay on for 7 years, but an account in good standing when closed will show for 10 years. When I check my own credit report, I see pages of accounts long closed.
I am curious how you'd plan to rent a car or reserve a hotel room. These are the 2 things that come to mind which are pretty annoying to do without a credit card.
answered 9 mins ago
JoeTaxpayer♦
142k22224458
answered 9 mins ago
JoeTaxpayer♦
142k22224458
answered 9 mins ago
JoeTaxpayer♦
142k22224458
answered 9 mins ago
JoeTaxpayer♦
142k22224458
142k22224458
My credit was 759 when I close all the accounts, don't know if that helps. Also looking online it looks like you can rent a car or book a hotel room with a debit card. I've only ever booked a hotel once and I used a debit card for that. Also those seem like such out of the ordinary things for me to do a little extra work might not be too bad, since its so rare. :) Also I've never had an account in bad standing, don't know if that helps either. Thanks for your answer.
– Erica Grant
46 secs ago
add a comment |Â
My credit was 759 when I close all the accounts, don't know if that helps. Also looking online it looks like you can rent a car or book a hotel room with a debit card. I've only ever booked a hotel once and I used a debit card for that. Also those seem like such out of the ordinary things for me to do a little extra work might not be too bad, since its so rare. :) Also I've never had an account in bad standing, don't know if that helps either. Thanks for your answer.
– Erica Grant
46 secs ago
My credit was 759 when I close all the accounts, don't know if that helps. Also looking online it looks like you can rent a car or book a hotel room with a debit card. I've only ever booked a hotel once and I used a debit card for that. Also those seem like such out of the ordinary things for me to do a little extra work might not be too bad, since its so rare. :) Also I've never had an account in bad standing, don't know if that helps either. Thanks for your answer.
– Erica Grant
46 secs ago
My credit was 759 when I close all the accounts, don't know if that helps. Also looking online it looks like you can rent a car or book a hotel room with a debit card. I've only ever booked a hotel once and I used a debit card for that. Also those seem like such out of the ordinary things for me to do a little extra work might not be too bad, since its so rare. :) Also I've never had an account in bad standing, don't know if that helps either. Thanks for your answer.
– Erica Grant
46 secs ago
add a comment |Â
Erica Grant is a new contributor. Be nice, and check out our Code of Conduct.
Erica Grant is a new contributor. Be nice, and check out our Code of Conduct.
Erica Grant is a new contributor. Be nice, and check out our Code of Conduct.
Erica Grant is a new contributor. Be nice, and check out our Code of Conduct.
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