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Should utilization matter more than debt?

Established Contributor

Re: Should utilization matter more than debt?

It really is fun to try to beat them at their own game...isn't it. Truth is I'm glad its not a perfect system, after all who would ever lend any of us money. We certainly don't represent a profitable customer. You take away their risk and we loose our power. If it wasn't for the good people like those of you who have carried on discussions such as this...perhaps I would be one of the profitable customers.
Message 41 of 43
Frequent Contributor

Re: Should utilization matter more than debt?

Open G, your last comment hit the nail on the head.  MOST of the time.  Hell, that most amounts to triliions of dollars.  I guess that's what calculated risk is all about. 

FICO 8:  EQ:687  TU:728  EX:735
Message 42 of 43
Valued Contributor

Re: Should utilization matter more than debt?


OpenG wrote:
It really is fun to try to beat them at their own game...isn't it. Truth is I'm glad its not a perfect system, after all who would ever lend any of us money. We certainly don't represent a profitable customer. You take away their risk and we loose our power. If it wasn't for the good people like those of you who have carried on discussions such as this...perhaps I would be one of the profitable customers.

Try, you say...trying is for losers. If you know the rules, you can beat them at their own game every year. I probably have averaged 600-800 dollars per year of free money from rewards and bonuses for the past 10 years, and I have not payed 1 red penny for interest, fees or anything. I do not try to beat them...I guarantee it. I also never buy anything i would not buy if I did not have credit cards.





TU fico08=814 11/10/18
EX fico08=796 10/31/18
EQ fico08=813 10/04/18
EX fico09=803 10/03/18
EQ fico bankcard08=831 10/23/18
Garden since 07/02/18
Message 43 of 43