Yes you are correct in what you posted. Opening them isn't a huge deal it's
when you close them that you have trouble with your credit score. Each
credit card carries its separate revolving credit account (of course) and
the debt to credit ratio is a good thing (if you always pay off the cards at
the end of the month - shows responsibility blah blah blah). However when
you decide to close several arbitrarily it shows a changed (negative) debt
to credit ratio and your FICO score drops like a bomb.
All this assumes, of course, that you CARE about what "they", the
fractional bankers, think about you. As I don't care, any more, and
haven't since 1991 when I finally walked out of the debt trap into the
clear air, it doesn't really matter.
They DID, beg me to take them, understand....(c;
Listen, I hate those miserable bastards as much as the next person,
but let's be realistic: If you have responsibilities toward others --
family, relatives, whatever -- you have to kiss the credit folks' ***
in order to get a good interest rate in case you need an emergency
loan for medical or other reasons, or you want to buy a house, or...
I think it's sickening that they base their ****ing scores on
mechanical data that don't necessarily reflect the borrower's
true repayment status, but who said life is fair!
Since you say you're staying out of the game, more power to you!
How anybody survives in today's America w/o borrowing is a source for
wonderment and admiration.
I live in an old mobile home I paid off in 1993 and drive Mercedes Benz
cars running on used veggie oil from Chinese Restaurants, a '73 220D I
fully restored and '83 300TD turbocharged diesel wagon. "Old Sarge", my
1989 Union City Body Chevy diesel V-8 stepvan, a retired Air Force
flightline van from Pope AFB, NC, runs on vegoil, too, from its installed
Frybrid (frybrid.com), which is overkill in SC.
No car payments
No house payments
No FUEL BILLS, either!
virtually no taxes because mobile homes, like my old cars, DEpreciate
just awful...at the tax office where it really counts!
2 XP systems and 2 Linux systems sharing a 6.2TB RAID array over a
network on 6.8Mbps cable internet keep me company...(c; On-the-road, a
Nokia N800 Linux tablet over BT to Alltel EVDO or wifi handle the Remote
desktops and mobile entertainments.
I'm too old (62 now) to worry about driving a chick magnet, any more...
(c; That saves a PILE in itself!....hee hee....
LIFE is GOOD!
I was discussing similar things with a friend the other day. I
mentioned that I have lived in the same house for 20 years (the mortgage
is paid off) and the kids are in their 30s (and they are paid off). It
is amazing the amount of money those two things alone free up.
I've been debt free since my last wife left me in 1992 for something she
THOUGHT she liked better, but didn't. He didn't last as long as I did
I'd like a new boat, but am unwilling to become a slave, again, to own
one. What would be the point....
Back in 2001 I went looking for a used pickup and ended up with a 1996
MLC. More specifically, a Red 1996 Mitsubishi 300GT. Mamma was not
impressed. Me and mamma are no longer me and mamma. Wonder why??? But I
stil have the Mitsu.
Anyway, oh yea you would see the chickies lock on to it from a distance.
Then when I got close enough and they could see the driver the faces
changed. Swear I could hear them thinking what a frikkin' waste. Could
have pissed em off and yelled out the window "It's paid for too!".
Well now since the thing seems to be little shit cars with runway lights,
bicycle tires, some kinda big O muffler that sounds like a dirt bike and
billion watts booming from inside, I don't even get locked on any more.
Maybe it's just cause I can't see beyond 100 ft any more. I don't know.
62? Old? I've been called old, too, but by those too young and stupid
to know what they
are missing. My idiot doctor didn't want to treat tendinitis in my
shoulder; said, well, there's
a time that things just don't work sometimes. Guess a frozen shoulder
is no big deal for him;
he can still rob people with one arm. I cured it the old fashioned way.
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