I am a firm believer in take what you need and leave the rest. Before I found FICO (and I was almost the only one on the board at the time
) I had done a lot of research and visiteed many other credit card boards. Still do on occasion. I heard of appo-ramas and arbitage (sp?) and the like. The thing I took notice of was when I posted in some discussions about my approvals or my scores, I would often get a response 'How can someone with a BK with no AU get a card that wont approve me?', 'How can someone with a BK and no AU accounts have scores like that and mine are lower?'
) I had done a lot of research and visiteed many other credit card boards. Still do on occasion. I heard of appo-ramas and arbitage (sp?) and the like. The thing I took notice of was when I posted in some discussions about my approvals or my scores, I would often get a response 'How can someone with a BK with no AU get a card that wont approve me?', 'How can someone with a BK and no AU accounts have scores like that and mine are lower?'Do you know what I learned from this? Whatever the heck they were doing to their credit with all the apporamas and BTs etc, was doing more damage than the BK I had on file. Think about that. Someone who thinks they have 'good' credit having poorer scores than someone with the worst possible derog and not being able to be approved for the same cards that this person has.
Before you go on that apporama, just think about that. There is a wealth of information on this board. I think everyone here is intelligent enough to use it to their best advantage. there will always be those who onyl want the next card, one step away from financial disaster.
Message Edited by Brammy on 09-18-2007 09:40 PM
ar·bi·trage 
/ˈɑrbɪˌtrɑʒ for 1, 3; ˈɑrbɪtrɪdʒ for 2/ Pronunciation Key - Show Spelled Pronunciation[ahr-bi-trahzh for 1, 3; ahr-bi-trij for 2] Pronunciation Key - Show IPA Pronunciation noun, verb, -traged, -trag·ing.
/ˈɑrbɪˌtrɑʒ for 1, 3; ˈɑrbɪtrɪdʒ for 2/ Pronunciation Key - Show Spelled Pronunciation[ahr-bi-trahzh for 1, 3; ahr-bi-trij for 2] Pronunciation Key - Show IPA Pronunciation noun, verb, -traged, -trag·ing. –noun 1. Finance. the simultaneous purchase and sale of the same securities, commodities, or foreign exchange in different markets to profit from unequal prices. 2. Archaic. arbitration.–verb (used without object) 3. Finance. to engage in arbitrage.
netpanther wrote:
ar·bi·trage–noun 1. Finance. the simultaneous purchase and sale of the same securities, commodities, or foreign exchange in different markets to profit from unequal prices. 2. Archaic. arbitration.–verb (used without object) 3. Finance. to engage in arbitrage.
I knew what it meant just wasnt sure of the spelling...lol!!! Yep getting a bunch of 0% for 12 mos, maxing em out on BT chcks and sticking the funds in a 5% MMF.....arbitrage
netpanther wrote:
I posted what arbitrage meant cuz I didnt know what it meant. Thought others might not either.
Well I cant think clearly so I couldn't rempber how to spell it couldn't remember the network key to my VPN earlier either..... too many late nights
Just thought I would bring this back to remind people NOT to go app mad 
MidnightVoice wrote:A long, long time ago when I first joined this forum there was a big focus on "controlling score and getting out of debt". The focus seems to have shifted to "how can I get a double digit number of credit cards with crap scores, resulting in serious rather than fatal damage to my score?"
When I first came here I posted that there were seemingly 3 kinds of post. One poster is always trying to get around something or shed responsibility. A second poster is always trying to get more limit to buy more junk to secure more debt and the third poster is here to learn how to rebuild credibility and working hard to establish financial responsible. When I read the first two poster types I just smile and reflect back to an earlier time, then I move on. It’s the later/third posting type that gets my reads and my attention. I figure type one and type two will be back here in a couple years as a type 3 poster.
I HOPE that is the case
beenthere wrote:. I figure type one and type two will be back here in a couple years as a type 3 poster.