FeistyFrog
Sir FeistyFrog
Has anyone on this board used Maaco as a paint and body shop? I've got a project vehicle that I'm working on and it needs some fresh paint.
Uh oh....
Has anyone on this board used Maaco as a paint and body shop? I've got a project vehicle that I'm working on and it needs some fresh paint.
Agreed. It works.
+1 I like a lot of what Dave Ramsey (the finance guy) has to say. Somehow people got along without credit cards 50+ years ago.
This is not 2008, it's 2011. There were a lot of crazy things going on in 2008. No down payments with credit scores in the 500's for instance. Sign your name and get a house. That's not happening in today's market. Greedy Wall Street people brought down the financial world in a big way. Everybody is now paying for it. Then Frank/Dodd got involved and screwed the mortgage industry up even more. Have you compared Good Faith Estimates from then and today? And they say today's is easier to understand and more protective of the buyer. Yeah, right!I got a mortgage in 2008 with about 40% down from Wells Fargo and not having a credit card. Could have been done with 20% down. If you can afford the house i.e. mortgage payment is less than 25% of take home pay with two years of stable job history, and limited or no negatives a good number of places will give the mortgage. Some of the big box banks will focus on your credit score and deny you with limited or no credit, but it is not difficult to find one that will give a mortgage based solely on your ability to afford a mortgage, kind of like how bond ratings are determined on corporate debt. Credit scores have nothing to do with income and assets and are only linked to the extent to which you play the banks' games. Companies only care about negatives on a credit report and that is usually limited to the really big stuff like bankruptcies and foreclosures, but sometimes smaller stuff if they are going to be issued a company credit card.
Totally 100% agree with this.I think a lot of Dave Ramsey's advice is aimed at the guy with 8-10 maxed-out credit cards whose credit score is already trashed. Everyone benefits from having a credit card if they know how to handle it.