So, this coin shortage thing

[Innocent Bystander]

I don't buy anything I can't afford. I know it sounds Un-american. I'm not a very good consumer.

My philosophy has helped me have a perfect credit score with Dun & Bradstreet
https://www.dnb.com/


Which has allowed me un-limited credit with the manufacturers I buy from https://www.thomasnet.com/

DnB is easily manipulated. Nerdwallet loved them, pre-2008 meltdown. Business credit, not personal credit, was the way to go.

But rack you for keeping it clean, and not bullshitting your way to higher limits.

[mvscal]

Good credit is like generational wealth.

Paying 'cash' for new model cars with 0% interest checks is older than dirt. Using the same checks to dump no interest loans into accounts, collecting the interest, then paying the principle off is also older than dirt.

It's shit intended for a certain class, not the hoi polloi.

Paying cash for a car and paying off your cards every month does not improve your credit. In fact it is detrimental to your score. If you pay cash or use debit cards for everything and pay off your cards every month, you credit rating will crash. Eventually you will have a zero credit rating meaning you have no credit score at all.

Having no credit is quite nearly as bad as having a shit credit score. You will not qualify for loans and, ironically, you will not qualify for the credit cards you need to improve your score. It's kind of a Catch 22. You have to use credit in order to have credit. If you have no debt, you have no credit.

[Screw_Michigan]

Paying cash for a car and paying off your cards every month does not improve your credit. In fact it is detrimental to your score. If you pay cash or use debit cards for everything and pay off your cards every month, you credit rating will crash.

Wrong

[mvscal]

Paying cash for a car and paying off your cards every month does not improve your credit. In fact it is detrimental to your score. If you pay cash or use debit cards for everything and pay off your cards every month, you credit rating will crash.

Wrong

What do you know about it? Shut the fuck up, moron.

[Screw_Michigan]

What do you know about it? Shut the fuck up, moron.

My 790 credit score says I know something about it.

But, by all means, please educate us on how paying off credit cards every month will plummet your credit score. This should be entertaining.

[Left Seater]

Not true for a number of things you said. I am with Screwy on this.

Paying your cards off each month on time and in full absolutely helps your credit. One of the big drivers of credit score is no late payments. It matters not if you pay on time and the full amount or pay the minimum. On time is what matters.

Another part is your percentage of available credit. Let’s say you have a $20K limit on your cards. You have a combined $10K balance on those cards you aren’t paying off this month. Then your credit utilization is 50%. The higher your utilization goes the lower your score. By paying your cards off in full each month you keep your score stays higher.

[Innocent Bystander]

Not true for a number of things you said. I am with Screwy on this.

Paying your cards off each month on time and in full absolutely helps your credit. One of the big drivers of credit score is no late payments. It matters not if you pay on time and the full amount or pay the minimum. On time is what matters.

Another part is your percentage of available credit. Let’s say you have a $20K limit on your cards. You have a combined $10K balance on those cards you aren’t paying off this month. Then your credit utilization is 50%. The higher your utilization goes the lower your score. By paying your cards off in full each month you keep your score stays higher.

Mvscal probably means 0% utilization is bad. He's correct. Consumers are rewarded much more for utilization (the 10% mark), than for no utilization at all.

However, the personal benefits of not paying interest can outweigh the benefits of the credit score bump of <10% utilization.

[Innocent Bystander]

Good credit is like generational wealth.

Explain. Good credit is in everyone’s control. Even unexpected items like a huge health care bill can be worked out with creditors.

You've never truly struggled a day in your life. It's not your fault. I like you because you're a pilot, and Alaskan pilots are some of the dopest people on the planet, not paid near enough for how much the state depends upon them in the worst of conditions to the most remote areas of the country to peoples (plural) who take them for granted. So I will forgive you not thinking this one through.

[Left Seater]

I know some folks who have generational wealth and horrible credit. They just never had to worry about it. Same on the flip side. Poorest of the poor who have phenomenal credit.

Again it is up to the individual.

[Softball Bat]

Meijer Stops Accepting Cash As Nationwide Coin Shortage Erupts

Meijer Inc., a supermarket chain based in the Midwest, with corporate headquarters in Walker, Michigan,
announced last Friday, that self-scan checkout machines at 250 supercenters would only accept credit or
debit cards, SNAP and EBT cards, and gift cards.

“While we understand this effort may be frustrating to some customers,” spokesman Frank Guglielmi told
ABC12 News Team. “It’s necessary to manage the impact of the coin shortage on our stores.”

https://truepundit.com/meijer-stops-acc ... whatfinger






What’s happened is that with the partial closure of the economy, the flow of coins through the economy … it’s kind of stopped

- Jay Powell












#digital_currency_coming