Perfect credit gives you 'okay' rates and the worse it gets the worse it goes for the rates.
It's in inverse, zero-sum game controlled by the banks/financial institutions.
I have mostly bought everything cash other than houses. I know that not everyone has the ability to do that, but in my 20s I lived like a poor man while making decent money.
Have a low debt/income ratio, keep cards under 20% if possible, have a few reported monthly payments that are revolving and never miss a payment, and it will start to climb.
All three of the banks I use try to give me revolving credit lines and personal loans all the time, however, I rarely ever act on the offer because I don't need it.
Change your habits and it will change a lot more than just your credit. BTW, over a decade ago when I stopped operations of my first company (it was pretty large) my credit was in the low 500s (down from high 700s), it's back up hovering close to 800. It's all possible with time and structured habits.
I have known people in my position that don't have self-control and they usually 'TANK' their companies or personal fortunes in 'no time' once they feel they have 'made it'.
It's so weird to see someone work so hard and build something viable, then get a little extra $$$ and throw their principles and concepts that got them there to the side and shit it all away. Then again, money is not the root of all evil and most people quote that bible verse incorrectly. It is, "For the love of money is the root of all evil". Once someone is consumed with the love (or lust) of money, they do things they would have never done before.
That's why my wife and I teach our kids to 'use things and love people' since far too many people in this world now 'use people and love things'.
Perfect credit gives you 'okay' rates and the worse it gets the worse it goes for the rates.
It's in inverse, zero-sum game controlled by the banks/financial institutions.
I have mostly bought everything cash other than houses. I know that not everyone has the ability to do that, but in my 20s I lived like a poor man while making decent money.
Have a low debt/income ratio, keep cards under 20% if possible, have a few reported monthly payments that are revolving and never miss a payment, and it will start to climb.
All three of the banks I use try to give me revolving credit lines and personal loans all the time, however, I rarely ever act on the offer because I don't need it.
Change your habits and it will change a lot more than just your credit. BTW, over a decade ago when I stopped operations of my first company (it was pretty large) my credit was in the low 500s (down from high 700s), it's back up hovering close to 800. It's all possible with time and structured habits.
I have known people in my position that don't have self-control and they usually 'TANK' their companies or personal fortunes in 'no time' once they feel they have 'made it'.
It's so weird to see someone work so hard and build something viable, then get a little extra $$$ and throw their principles and concepts that got them there to the side and shit it all away. Then again, money is not the root of all evil and most people quote that bible verse incorrectly. It is, "For the love of money is the root of all evil". Once someone is consumed with the love (or lust) of money, they do things they would have never done before.
That's why my wife and I teach our kids to 'use things and love people' since far too many people in this world now 'use people and love things'.