Comment on Finally paid off my Costco hotdog đ
PhobosAnomaly@feddit.uk â¨15⊠â¨hours⊠agoâwhy canât we get a mortgage?â
âWell I bought a hot dog on a payment plan for a laugh, and I defaulted on a 38 cent paymentâ
âoh noâ
Comment on Finally paid off my Costco hotdog đ
PhobosAnomaly@feddit.uk â¨15⊠â¨hours⊠agoâwhy canât we get a mortgage?â
âWell I bought a hot dog on a payment plan for a laugh, and I defaulted on a 38 cent paymentâ
âoh noâ
jj4211@lemmy.world â¨11⊠â¨hours⊠ago
Conversely, you canât have a house, you have no credit.
Fine I just paid off a 1.50 loan for a hot dog.
Ok, now you can borrow 500k because you proved yourself responsible with $1.50
Reality isnât too far off, back in the day I couldnât get a loan because I had zero credit history, but then could get a mortgage after a few months of getting a credit card with like a 500 dollar credit limit.
MNByChoice@midwest.social â¨9⊠â¨hours⊠ago
Back in the day, one could get a credit history by being listed as an authorized user on someone elses card. One never needed physical possession of the card, nor needed to use it.
AlecSadler@lemmy.blahaj.zone â¨5⊠â¨hours⊠ago
Still possible with AmEx, if Iâm not mistaken, and in some cases can backdate your AAoA.