http://www.stopbuyingcrap.com/credit-related/lowest-score-ever/ Over Five Years of Personal Finance, Consumer Spending, Crazy Products and Boring Blog Posts. Good grief. Sat, 11 Feb 2012 21:36:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.stopbuyingcrap.com/credit-related/lowest-score-ever/comment-page-1/#comment-2718 The Investimist » The “Zero Interest” Game Sat, 29 Apr 2006 16:02:36 +0000 http://www.stopbuyingcrap.com/2005/12/16/lowest-score-ever/#comment-2718 [...] But is the money really free? Basically, you’re opening several credit cards, immediately maxing them out, and then closing them after paying off the balance with a transfer to another card. To say that potential borrowers would be scared to death of this pattern on your credit report is an understatement. It also can whack your credit score. Stop Buying Crap tracked his FICO score while running this scam and his score dropped by 140 points. 140 points can mean thousands of dollars in interest on car and home loans. [...] [...] But is the money really free? Basically, you’re opening several credit cards, immediately maxing them out, and then closing them after paying off the balance with a transfer to another card. To say that potential borrowers would be scared to death of this pattern on your credit report is an understatement. It also can whack your credit score. Stop Buying Crap tracked his FICO score while running this scam and his score dropped by 140 points. 140 points can mean thousands of dollars in interest on car and home loans. [...]

]]> http://www.stopbuyingcrap.com/credit-related/lowest-score-ever/comment-page-1/#comment-707 » Making Money With 0% Balance Transfers on Blueprint for Financial Prosperity Tue, 28 Feb 2006 10:15:20 +0000 http://www.stopbuyingcrap.com/2005/12/16/lowest-score-ever/#comment-707 [...] Other bloggers have done this (notably Jonathan and Savvy Saver) and blogged about it extensively but this will be the first time I’m going to try it. And if you’re curious how these offers are bound to affect your score, Cap at Stop Buying Crap has tracked his FICO score while he’s done these offers. [...] [...] Other bloggers have done this (notably Jonathan and Savvy Saver) and blogged about it extensively but this will be the first time I’m going to try it. And if you’re curious how these offers are bound to affect your score, Cap at Stop Buying Crap has tracked his FICO score while he’s done these offers. [...]

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