2006-06-12 17:14:31 · 11 answers · asked by HEY boo boo 6 in Education & Reference ➔ Quotations
no credit has no boss, credit has master
2006-06-12 17:24:32 · update #1
i dont know, i have OK credit, and i dont have a boss, or a master, or whatever
2006-06-12 17:28:49 · answer #1 · answered by ASLotaku 5 · 0⤊ 3⤋
No credit is very powerful it some what ruins your life and can also run your life. But bills can ruin your life, I know of an OLD saying {When money doesn't come in the door Love goes out the window} Some what true because if a couple are having $ issues there are more arguments Stick with paying bills No Credit Sucks
2006-06-12 21:04:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
First, why is this placed in the quotations section?
Anyway no it is not more powerful, it's actually worse. I only know this because I have absolutely no credit, and my fiance has low credit, when we signed a contract to get cell phones the initial payment for me was close to $400 a piece so $800 total and for him it was only like $25 a piece. Also same thing when we went car shopping, I couldn't even get a car unless I have cash to pay for it with, while he could get one but the down payment was outrageous (almost 1/3 of the actual car) and we couldn't afford it at the time. Hope this helps!
2006-06-12 21:43:54 · answer #3 · answered by ditzychik508 5 · 0⤊ 0⤋
It depends.
If you have no credit vs. someone who doesnt make payments on time and credit balances are higher than their limit. Then no credit is better.
However, just because you have a "full load" doesnt make it a bad thing. Actually, your FICO will probably be a lot higher, its just trying to open new accounts might be a problem with your debt to income ratio.
2006-06-12 17:20:20 · answer #4 · answered by Max 3 · 0⤊ 0⤋
Having no credit is just like having bad credit. Creditors do not want you to have several open accounts, but they would like to see that you have established some type of credit accountability.
2006-06-13 01:24:27 · answer #5 · answered by kat0505 1 · 0⤊ 0⤋
No. Having no credit is a clean slate. However, it is tough to take a loan without a credit score. To establish this, you must take a loan or credit card and make regular payments.
2006-06-12 17:27:12 · answer #6 · answered by jpbrub 1 · 0⤊ 0⤋
No, I have heard that having no credit is worse than having bad credit.
2006-06-12 17:27:38 · answer #7 · answered by pamerator 2 · 0⤊ 0⤋
actully no, if you have no credit it means you have no credability for anything. You kind of need credit cards to build it, everyone i ever talked to has told me that you need to have some type of balance to show credit and that you are able to make payments or qualify for loan for a home, car etc
2006-06-12 17:22:05 · answer #8 · answered by kermitsgirl2000 2 · 0⤊ 0⤋
depends.
having no credit means no credit score and lenders may or may not take a chance.
having too much credit with high or low balances can lower credit score and debt ratio and lenders may or may not take a chance because too much debt depending on the purchase.
2006-06-13 12:05:50 · answer #9 · answered by Shay 1 · 0⤊ 0⤋
It can be about equal.
2006-06-12 17:17:54 · answer #10 · answered by Gabe 6 · 0⤊ 0⤋