Yes and no, just unlock. I forgot once I had my credit "locked", went for a loan. Found out they could "unlock" it with a verbal from me. Solid!Locked my credit years ago, probably couldn't finance a car if I wanted to.
If you have car insurance or homeowners, you probably should.When you're set up like you are, who cares what your credit score is.
Everyone should have their credit frozen at all three CBs. If I need to apply for credit I can lift a freeze on my phone in under 2 mins.Locked my credit years ago, probably couldn't finance a car if I wanted to.
Not in my state. The insurance commissioner said using people’s credit score is racist and insurance companies can’t use it to determine their rates.If you have car insurance or homeowners, you probably should.
Exactly - so they raised our rates!Not in my state. The insurance commissioner said using people’s credit score is racist and insurance companies can’t use it to determine their rates.
IIRC score metrics typically look at % of credit used, and down to % of a specific credit available through a card used. So throwing 10K on a card if the available credit line is say $50K would still send up a bit of a flag, that suddenly someone could be taking steps to (over) leverage themselves.My credit dropped about 50 point (830to 780 points) when I put 10k on 2 credit cards for a total of 20k for a deposit for a home improvement project as I didnt have my checkbook handy. The cards were paid off immediately the next month but credit didnt recover for a long time maybe 8 months. What is nuts is I had 100 times that in liquid assets and the 20k affected credit that much. The Credit agencies dont look at your net worth because I guess it isnt convenient for them or the banks make more money off a higher interest rate.
That makes zero difference.Isn't that ironic.
I received an email today from Credit Karma stating that my credit rating climbed 9 points (760-now 769).
I have no clue what I did to make it better.
I have zero debt, and a 800+ credit score. Although I have zero debt, I do have a car loan just to keep a loan on my credit report, but it is under 3k.
My credit union just sent me a note saying TransUnion vantage dropped my score 40 points because I no longer have a secured rela estate loan. So, if one pays off their house, their credit score takes a hit.
This credit score stuff is just another wall street banker game to find ways to justify a consumer paying more for a loan.
I am getting to the point I am only going to pay cash for everything, and encourage my family and friends to do the same. I know a few are saavy enough to game the credit card and associated systems, but giving the banks a cut of every transaction a consumer makes ..... Has made the banks greedier than ever.