4 ms·
This is beyond idiotic. My credit score is HORRIBLE due to little things like this accumulating in my youth. Pay everything, always -- always pay -- always.
by cnp 12y ago
This is beyond idiotic. My credit score is HORRIBLE due to little things like this accumulating in my youth. Pay everything, always -- always pay -- always. It WILL come back to fuck you over just when you need those extra few points.
- vinceguidry 12y agoNot so idiotic. I ran up a modest amount of debt in my early twenties, never paid any of it. Fast forward ten years. Found a decent job, look to buy a car, come to find out my credit report is mostly empty. Most everything had dropped off. Capital One gave me a credit card, I've been building up credit and savings over the last year. If you have the discipline to say, "no new debt," which isn't that hard to do after you've already fucked up your score, then you can hit thirty with a clean slate.
- UrMomReadsHN 12y agoIts hard to impossible to rent an apartment around here with a low credit score. That wasn't the case several years ago. I am guessing it will just keep getting more prevalent so you may have to live in your parents garage util 30 while waiting for that old debt to drop off your credit report.
- cnp 12y agoI'm moving to SF in a year or so because my wife is attending grad school and I am terrified about housing due to this fact. Maybe I can get my employer to sign the lease.... right
- learc83 12y agoCan't you just offer to pay a larger deposit or several months up front?
- michaelochurch 12y agoCan't you just offer to pay a larger deposit or several months up front? Can't you just offer the landlord occasional use of your boat and promise to pull family connections (everyone has them, no?) to get White House internships for his kids?
- learc83 12y agoI'm not saying paying extra is feasible for someone without much money, but this whole comment thread was a response to one guy who basically said credit doesn't matter much if you aren't poor. Going with the implicit assumption that we're talking about someone who's making a pretty good bit of money, but who has a bad credit rating, I'm only arguing that it's not impossible to rent an apartment. I love your blog by the way.
- a8da6b0c91d 12y agoI'm not rich. I make about 150 right now, which around here isn't much. I am just informing you cowed bougie woosies that your "oh noes my credit report" panics are not grounded in reality. If you pay your legit bills on time and make a solid living, credit is not a valid concern when someone is trying to fuck you. In cities like Philadelphia and Baltimore most of the households are chronically arrears on utilities. Guess what, they all have cell phones and DirectTV and cheap mortgages, and their utilities are never cut off. Mortgage originators are desperate for truly credit worthy customers. Some dings from the racketeers might be a problem if you want to rent a $4K apartment on a $90K income, but even then I doubt it. I almost get the sense that upper middle class nerds have no idea how most of society actually operates and how strong a position solid income puts you in.
- cnp 12y agoWow, talk about money causing a person to loose perspective...
- ufmace 12y ago> I almost get the sense that upper middle class nerds have no idea how most of society actually operates and how strong a position solid income puts you in. Much truth to this. Also much truth that pointing out to HN that most of them have no idea how the world really works is rarely useful.
- vinceguidry 12y agoJust live with roommates in your twenties. Much cheaper, easier, and you always have someone to hang out with. I rented an apartment once, still got a roommate.
- monksy 12y agoPay it off and go without credit for a few years... your score will be trashed.