Reply
  • If I have high credit score, what do I do with it? Get loan and use that $ to grow more money? I know of Tradelines but not how to get in? What do u think of the loans?

  • Jun 11, 2024
    • Use the credit score to apply for a credit card with a massive credit limit
    • Max out the credit card within hours on designer clothes & Onlyfans PPVs
    • Delete the bank app off your phone (no longer your problem)

    Any questions?

  • plants 🌻
    Jun 11, 2024

    If u do get a loan I would not get one for more than you can expect to pay back with your regular dayjob in ~3mos.
    For me my great credit just provides me more peace of mind knowing that in case of an emergency I have 5 figures at my disposal no matter what. I'm not really the hustle type tho.

  • Jun 11, 2024

    ask for an increase on your credit limit, your credit score will further increase if you use a smaller proportion of your limit and are able to pay it off every month. if you want you can try applying for other credit cards with higher perks.

    I wouldn't do anything drastic with it unless or until you really need to

  • Jun 11, 2024

    Use it for better credit cards. Good credit is a little bit gassed until it comes time to purchase a home or car

  • Jun 11, 2024
    ·
    edited
    ·
    1 reply

    Under no circumstance do you take out a loan to “make more money” because there is virtually zero shot you’d beat out the interest you’d be paying for the loan. Continue to maintain it and improve it incrementally. Credit really exists for trust on major purchases such as a home or a vehicle that will in turn allow you access to lower interest rates during the life of the loan

  • AR15 💯
    Jun 11, 2024

    Buy a house

    FHA loan, new home builders are paying closing costs.

  • Jun 11, 2024
    ·
    2 replies
    Jbreezyondeck

    Under no circumstance do you take out a loan to “make more money” because there is virtually zero shot you’d beat out the interest you’d be paying for the loan. Continue to maintain it and improve it incrementally. Credit really exists for trust on major purchases such as a home or a vehicle that will in turn allow you access to lower interest rates during the life of the loan

    Ok so credit is just a trust/rep for buying house, it’s not for really helping u create more $$

  • plants 🌻
    Jun 11, 2024
    SPACEGHOSTPURRP

    Ok so credit is just a trust/rep for buying house, it’s not for really helping u create more $$

    Might help lend some legitimacy to you when applying for a business loan, but I am not sure, I've never gone down that path myself. Honestly this type of question is what reddit is peak for. It's so many finance related subs out there..

    There's also ppl who churn credit cards (r/churning) for the rewards/cashback but that seems like a whole job in itself and my perception is that it's only really effective/efficient once you reach a certain level of income/spending (takes money to make money n whatnot)

  • Jun 11, 2024
    ·
    1 reply

    parlay

  • Jun 11, 2024
    SPACEGHOSTPURRP

    Ok so credit is just a trust/rep for buying house, it’s not for really helping u create more $$

    Basically. Good credit is great to have but more as a tool for trust from financial institutions not necessarily for opportunity to increase wealth (at least not directly). Like @plants said you do get opportunities to utilize better credit cards that could indirectly increase your wealth opportunities (for lack of a better term) with rewards/cashback etc

  • Jun 11, 2024
    Wonyoungism

    parlay

    single prop fam or u trolling/beginner

  • Jun 11, 2024

    Run it up and get bad credit then file for bankruptcy and do it all over again

  • Jun 11, 2024

    Take out a loan for as much you can and bet Mavs game 3 & gm 4. Make sure the loan doesn’t have a prepayment penalty and you’ll be able to pay it back Monday

  • nephew 🦫
    Jun 11, 2024

    I personally maxed my card out on skittles. Best investment I’ve ever made

  • Jun 11, 2024

    Wait if I have a ton of available credit and stuff I can use that to make more money?

    I just use the cards with cashback for every purchase then overpay it back immediately

  • Jun 12, 2024
    ·
    1 reply

    DM bandman kevo

  • Jun 12, 2024
    Old Man Robin

    DM bandman kevo

    He not givin da details