Is it common Practice - Page 2 - PeachParts Mercedes-Benz Forum

Skid Row Joe · #16 01-19-2011, 01:27 AM

Quote:

Originally Posted by aklim

Well, apartment complexes are starting to run them. The lower the score the less the person can handle money and the more likely they are to be trying to scam something.

It takes money to do everything. When you, (generically you) have a poor credit score, it reflects how you have handled money and the things that money buys.

OTOH, it is possible to have no credit score, if you have no credit cards, and no loans.

aklim · #17 01-19-2011, 01:35 AM

Quote:

Originally Posted by Skid Row Joe

OTOH, it is possible to have no credit score, if you have no credit cards, and no loans.

I guess that makes it harder to evaluate how you handle money and therefore get pegged as a higher risk.

Consider this. I had a student visa. To get one, you have to prove you have the necessary finances to support you or your backer has to have the money. So, unless something drastic happens, backer dies or something in that line, you have no reason to ask to be allowed to work. When I came out of college, I had employers that said they would have hired me had I the experience. Much like what you are talking about. I had to take crap jobs and work my way up. Same thing here.

#18 01-19-2011, 01:43 AM

Joe has been listening to Dave Ramsey, who is a proponent of never borrowing anything which would eventually result in having no credit rating. While I agree in principle, I still carry one credit card that I keep active but don't use. Having no credit rating works if you have plenty of cash, are self employed, and are never planning on taking a loan or a job again. Most people are not in that position.

aklim · #19 01-19-2011, 01:48 AM

Quote:

Originally Posted by Craig

Joe has been listening to Dave Ramsey, who is a proponent of never borrowing anything which would eventually result in having no credit rating. While I agree in principle, I still carry one credit card that I keep active but don't use.

Having no credit rating works if you have plenty of cash, are self employed, and are never planning on taking a loan or a job again. Most people are not in that position.

Borrowing isn't an issue. STUPID borrowing is a problem. I sometimes use a credit card to buy a large item, pay most of it off and leave a small balance and make a few monthly payments to keep my credit going.

Having all those is one thing. Today, you have it all. Tomorrow, you are broke. So, having no credit rating would work as long as you can be sure that you will do all those things. Since nobody can be sure, I suspect it is better to spend a few bucks every year to maintain it.

#20 01-19-2011, 01:52 AM

Yeah, I've been broke and don't plan on repeating the experience. I don't use credit cards, but I do still have a small mortgage; so I guess I still maintain a credit rating too.

aklim · #21 01-19-2011, 01:54 AM

Quote:

Originally Posted by Craig

Yeah, I've been broke and don't plan on repeating the experience.

I don't use credit cards, but I do still have a small mortgage; so I guess I still maintain a credit rating too.

Oh but why?

That SHOULD do it.

Aquaticedge · #22 01-19-2011, 01:57 AM

this has turned into a completely different topic then intended.. it was a small media company. I checked their site out none of the links work. the domain was bought less then a week ago... It smelled fishy and I stayed away..

#23 01-19-2011, 02:01 AM

Quote:

Originally Posted by Aquaticedge

this has turned into a completely different topic then intended.. it was a small media company. I checked their site out none of the links work. the domain was bought less then a week ago... It smelled fishy and I stayed away..

That does sound like an identity theft scam. Good call.

aklim · #24 01-19-2011, 02:03 AM

Quote:

Originally Posted by Aquaticedge

this has turned into a completely different topic then intended.. it was a small media company. I checked their site out none of the links work. the domain was bought less then a week ago... It smelled fishy and I stayed away..

If the domain was bough less than a week ago, how do you know it isn't good? Heard of United Health Group? They have so many little splinters that are smaller and less "nourished" by the big UHG. So a company they bought up might not have everything up and running yet.

Aquaticedge · #25 01-19-2011, 02:32 AM

considering the domain was registered in California and they are posting in florida as a company working there and there being no business licenses LLC's or any other supporting documents with the state that says they are a legit business I'm leery of things like that.. they may be real but I still say something's rotten in denmark

Skid Row Joe · #26 01-19-2011, 02:41 AM

I agree, it doesn't sound necessarily as if they are looking to employ anyone, but aklim has had scams galore cross his paths, so his advice is probably best. Don't count 'em out, just keep tabs on 'em perhaps.

Skid Row Joe · #27 01-19-2011, 02:47 AM

Quote:

Originally Posted by aklim

Borrowing isn't an issue. STUPID borrowing is a problem. I sometimes use a credit card to buy a large item, pay most of it off and leave a small balance and make a few monthly payments to keep my credit going.

Having all those is one thing. Today, you have it all. Tomorrow, you are broke. So, having no credit rating would work as long as you can be sure that you will do all those things. Since nobody can be sure, I suspect it is better to spend a few bucks every year to maintain it.

Anytime you (generically again) owe anyone/entity money, it increases your risk financially.

It is hard to measure risk, but when you owe, it is always right behind you - ready to pounce if you get in arears.

Debt is bad, versus having all your stuff paid for. That's where we should all want to be (debt free) someday, including me.

aklim · #28 01-19-2011, 09:29 AM

Quote:

Originally Posted by Aquaticedge

considering the domain was registered in California and they are posting in florida as a company working there and there being no business licenses LLC's or any other supporting documents with the state that says they are a legit business I'm leery of things like that.. they may be real but I still say something's rotten in denmark

So why did you go seek employment with them? Or are you saying they found you and asked you?

Sorry, I'm kinda confused here. IF you went to interview and they asked you to show credit scores, I might say it is kinda par for the course. It could be a store owner trying to cheap out and have you bring information in instead of paying to find out.