Found some crack in a crack today. That was fun. 

Battleborn said:

Found some crack in a crack today. That was fun. 

theyolksonyou said:

ColtsFan said:

This is the way

The way to the leader?

Without dancing on the third rail, what you are witnessing above is "The way, the truth and the light."  So, embrace and go forth! 

alaskanassasin said:

JohnInCarolina said:

WeberWho said:

JohnInCarolina said:

WeberWho said:

alaskanassasin said:

I almost never use a credit card but I did to buy some plane tickets last spring because I did not want my debit card floating around the United Airlines multiverse.  And with good reason, for a few months they were hitting me with random inflight beer charges like one a month.

 

Today I get a alert that my credit score dropped below 800 and its apparently because I finally got monthly $8 beer charges caught up and zero balanced my card.

 

So my credit score drops because my credit card is paid off. Makes sense. If I did not have a mortgage my score would probably be 0. My banker said that is not possible but I plan to prove her wrong some day.

I had zero credit when buying my house. I never owned a credit card up to that point. I remember the banker saying, "You have zero credit. I guess that's better than having bad credit." Pretty scary what the bank will loan you for a house even when you have zero credit. 

Pretty good reasons for that.  First of all the interest rate they’ll give you.  Second thing is what happens if you end up not being able to pay your mortgage and end up defaulting: usually the bank gets the house if you don’t have another means to pay them off.  No matter what they typically get their money and then some.  

Banks make their money. I was fortunate to get locked in under 3% interest rate and purchased our house coming out of the last housing crash. I'd hate to be in the house market within the last few years. 

Generally speaking when you have a zero credit score you’re not able to get all that great an interest rate.  I’m guessing in your case there were several other factors at play here.

Not true on a mortgage. Manual underwriting is very common, you just have to go to a bank that knows how to bank.  But they want you to believe you can’t do anything without worshiping the fico.

I think we are saying the same thing: financially he was in a plenty healthy position to pay off the loan.  That’s what I meant by “other factors”.  

So in the end it’s not actually all that scary what a bank would loan him.

Battleborn said:

Found some crack in a crack today. That was fun. 

Rear or front?

JohnInCarolina said:

alaskanassasin said:

JohnInCarolina said:

WeberWho said:

JohnInCarolina said:

WeberWho said:

alaskanassasin said:

I almost never use a credit card but I did to buy some plane tickets last spring because I did not want my debit card floating around the United Airlines multiverse.  And with good reason, for a few months they were hitting me with random inflight beer charges like one a month.

 

Today I get a alert that my credit score dropped below 800 and its apparently because I finally got monthly $8 beer charges caught up and zero balanced my card.

 

So my credit score drops because my credit card is paid off. Makes sense. If I did not have a mortgage my score would probably be 0. My banker said that is not possible but I plan to prove her wrong some day.

I had zero credit when buying my house. I never owned a credit card up to that point. I remember the banker saying, "You have zero credit. I guess that's better than having bad credit." Pretty scary what the bank will loan you for a house even when you have zero credit. 

Pretty good reasons for that.  First of all the interest rate they’ll give you.  Second thing is what happens if you end up not being able to pay your mortgage and end up defaulting: usually the bank gets the house if you don’t have another means to pay them off.  No matter what they typically get their money and then some.  

Banks make their money. I was fortunate to get locked in under 3% interest rate and purchased our house coming out of the last housing crash. I'd hate to be in the house market within the last few years. 

Generally speaking when you have a zero credit score you’re not able to get all that great an interest rate.  I’m guessing in your case there were several other factors at play here.

Not true on a mortgage. Manual underwriting is very common, you just have to go to a bank that knows how to bank.  But they want you to believe you can’t do anything without worshiping the fico.

I think we are saying the same thing: financially he was in a plenty healthy position to pay off the loan.  That’s what I meant by “other factors”.  

So in the end it’s not actually all that scary what a bank would loan him.

Agree, I left out my point though and that is you can get competitive rates with manual underwriting.

Ozzie_Isaac said:

Canugghead said:

Battleborn said:

Found some crack in a crack today. That was fun. 

Rear or front?

Lol!  I assumed it was like in a crack in the wall, a bench, or the sidewalk.  I am guessing now, it is none of those.

Haha, it sailed right over me too, until I saw @GrateEggspectations ‘  post.

Canugghead said:

Ozzie_Isaac said:

Canugghead said:

Battleborn said:

Found some crack in a crack today. That was fun. 

Rear or front?

Lol!  I assumed it was like in a crack in the wall, a bench, or the sidewalk.  I am guessing now, it is none of those.

Haha, it sailed right over me too, until I saw @GrateEggspectations ‘  post.

I am glad that every now and then, I am able to muster a thin veneer of intellect.

Ozzie_Isaac said:

JohnInCarolina said:

WeberWho said:

alaskanassasin said:

I almost never use a credit card but I did to buy some plane tickets last spring because I did not want my debit card floating around the United Airlines multiverse.  And with good reason, for a few months they were hitting me with random inflight beer charges like one a month.

 

Today I get a alert that my credit score dropped below 800 and its apparently because I finally got monthly $8 beer charges caught up and zero balanced my card.

 

So my credit score drops because my credit card is paid off. Makes sense. If I did not have a mortgage my score would probably be 0. My banker said that is not possible but I plan to prove her wrong some day.

I had zero credit when buying my house. I never owned a credit card up to that point. I remember the banker saying, "You have zero credit. I guess that's better than having bad credit." Pretty scary what the bank will loan you for a house even when you have zero credit. 

Pretty good reasons for that.  First of all the interest rate they’ll give you.  Second thing is what happens if you end up not being able to pay your mortgage and end up defaulting: usually the bank gets the house if you don’t have another means to pay them off.  No matter what they typically get their money and then some.  

Banks are doing very well.  The US government delayed evictions and made it so a person could also delay their mortgage payments.

This is causing two things:
1. People are now on the hook for an immediate 18months of mortgage payments or they will be foreclosed on.  Home prices are at historic highs so banks are getting significantly appreciated assets.  Then they sell the home, pocket the difference, and have a new "homeowner" in the house with a much higher rate.
2. If homeowners renegotiate, the bank tacks on rhe delinquent payments to the end of the mortgage and collect 20 years of interest on those missed payments.

Either way, bankers always get their money.  Some get it two or three times.

they are always ahead in the game.they start it with 20 percent down or you pay insurance on the mortgage. they cant lose

Mark_B_Good said:

fishlessman said:

ColbyLang said:

Researching hair loss treatments. Who knew 40 could be so fun. My dermatologist burst my ego yesterday when she asked if I realized I was thinning on the crown of my head. Thanks Doc

40 is fun, so far 50 has been a blast.....

When I was 30, I wished I was 20 again. When I was 40, I wished I was 30 again. When I turn 50, I'll wish I was 40 again ... see where I'm going with this?

at 60 im going to wish i was 70 and retired

At two I wished I wouldn’t pee in my pants, I’ll have to rub the magic lamp for the same wish again before long 😂

Just left court. DUI that was supposed to go to trail this morning. Defendant saw the cops show up and took the deal. Full fines and conditions with suspended jail time. 

Haven't made a pork butt in awhile so on it went this morning. Also found those Martins Potato Rolls at the local Kroger. Haven't seen them down here before.

Battleborn said:

Just left court. DUI that was supposed to go to trail this morning. Defendant saw the cops show up and took the deal. Full fines and conditions with suspended jail time. 

I am sure jail time would be the least preferred option by at least an order of magnitude.  I get that our penal system is overcrowded for many reasons.  Perhaps we should move on to a separate jail offering for those who should serve 30 days or less, but do a number on their man or (to capture it all) womanhood-such as community bathrooms (stalls with no doors), community showers and otherwise reduce challenge their personal being.  
No psych here but I'm sure focusing on intrinsic personal characteristics has been analyzed ad nauseam.  Perhaps time to resurrect.  
Remember, I am old, have a lawn and it is Friday eve.
Above all, stay safe out there.  

Headed into a weekend where 5 of 7 employees are out for various reasons.  Pre planned vacations, last minute opportunity, etc.  I can't let this happen again.  Luckily I have some previous employees/friends that are coming in clutch in this situation.  Also, I have been kid0-free since Sunday.  All 8 come back from camp tomorrow.  Blessing and a curse.  Some work for me which will be good.  I do miss them but its bad timing.  :-)  Bring on the winter!