+ Reply to Thread
Page 6 of 6 FirstFirst ... 456
Results 51 to 56 of 56
  1. #51
    Join Date
    Jul 2009
    Posts
    3,235
    Thanks
    214
    Thanked
    1,084
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    I couldn't even get a score! I've never held a credit card or loan in Australia.

  2. #52
    Join Date
    Mar 2015
    Posts
    330
    Thanks
    60
    Thanked
    214
    Reviews
    0
    Quote Originally Posted by Wise Enough View Post
    So because I change credit cards every few years to better suit me needs I'm a bad credit risk even though I pay it off in full each month??
    Sorry but are you actually reading my posts??? If you pay off your credit debt each month then how do you gather that my posts is aimed at your situation?

  3. #53
    Join Date
    Dec 2011
    Posts
    4,658
    Thanks
    1,284
    Thanked
    1,822
    Reviews
    9
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Found out why my credit rating is so bad


    Just a reminder to please keep it polite and on track with what the OP asked
    Thank you

  4. #54
    Join Date
    Jul 2010
    Posts
    4,326
    Thanks
    3,188
    Thanked
    3,523
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by bigmummahen View Post
    Sorry but are you actually reading my posts??? If you pay off your credit debt each month then how do you gather that my posts is aimed at your situation?
    Yes I am reading your posts. I'm not saying you were referring to me. You're making blanket statements and I'm merely pointing out people's situations are different and may credit card shop for different reasons.

  5. #55
    Join Date
    Mar 2015
    Posts
    330
    Thanks
    60
    Thanked
    214
    Reviews
    0

    Default Found out why my credit rating is so bad

    Quote Originally Posted by Wise Enough View Post
    Yes I am reading your posts. I'm not saying you were referring to me. You're making blanket statements and I'm merely pointing out people's situations are different and may credit card shop for different reasons.
    No I'm not. I referred to a specific type of customer who carries a credit card debt from bank to bank. I've been very clear in my posts. I haven't made any blanket statements. I find it amazing how much people argue in here when faced with an opinion or situation other than their own and how everyone 'thanks' the posts that shut down others, it's such a gang like mentality. I won't be returning to this thread.
    Last edited by bigmummahen; 28-07-2015 at 22:55.

  6. #56
    Join Date
    Nov 2013
    Posts
    1,598
    Thanks
    1,978
    Thanked
    1,311
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Bigmummahen, I don't think anyone fundamentally disagrees with your main points, which seem to be that: people can get themselves into trouble with credit cards; and carrying debt with no intention to pay it off can be bad.

    However, what I, and other posters have been saying, is that the situation can be more complicated than that, and people's situations are different.

    I'm sorry if you think you've not been listened to. I think however that the shoe is really on the other foot here.

    People shop around for credit cards for different reasons, not just trying to avoid repaying debt, was my fundamental point, and shopping around should not be penalised in a free market economy.

    As to the point you've made about carrying debt = bad credit risk, that is not necessarily the case. Think about mortgages - big debt - if you're servicing the debt, even if you're not paying off any of the principal, you can still be an extremely good credit risk. It's not just about your net position, it's also about serviceability.

    Even carrying debt on a credit card is not necessarily a bad thing. It can be, sure, no doubt about that, and probably is in most cases, but it isn't always.

    In some cases, in fact, it could be an advantage. For example, not that I think this is a good idea, but if you'd borrowed money on a credit card to make an investment (eg shares), the interest you're paying to earn that investment income can be negatively geared, as I understand it, and it may not be in your interests to pay off that debt at any time in the near future. (Not an accountant, just my amateur understanding.)

    I personally don't like carrying debt either, but sometimes its necessary, and not always a bad thing.

    My point, fundamentally, is that the position is more complex than credit scores show, and this should be taken into account.


 

Similar Threads

  1. Bills and credit rating help!!!
    By Little Miss Sunshine in forum Family Finances
    Replies: 3
    Last Post: 23-06-2015, 10:00
  2. Credit Reports and something on it that I don't recall :(
    By Ready To Run in forum Family Finances
    Replies: 9
    Last Post: 29-10-2014, 09:10

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
FEATURED SUPPORTER
TribalanceTriBalance is a physio, yoga & pilates studio in Brisbane's inner north, offering specialised women's health ...
FORUMS - chatting now ...
IUI QueryNon-IVF fertility assistance
Primary IVF SydneyConception & Fertility General Chat
Brisbane northwest private hospital obsPregnancy & Birth General Chat
Birth marksGeneral Health
MKRGeneral Chat
What are our chances??pregnancy and babies through IVF
REVIEWS
"Pigeon teats rule!"
by Alex
Pigeon PP Wide Neck reviews ›
"Wonderful natural Aussie made product!"
by Mrstwr
Baby U Goat Milk Moisturiser reviews ›
"Replaced good quality with cheap tight nappies"
by Kris
Coles Comfy Bots Nappies reviews ›