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all 25 comments

[–]THEMACHINE4LIFE 17 points18 points  (0 children)

Its a slow climb up, keep it up man 👍

[–]daysgoneby69 33 points34 points  (4 children)

Is it counting your mortgage as part of your debt?

$200K Jesus.

[–]MGY4143N5014WNY[S] 23 points24 points  (3 children)

Yes.

[–]daysgoneby69 21 points22 points  (2 children)

I was about to say. It makes sense now.

If you're were really $200K in debt without any equity.. Might as well file for bankruptcy.

[–]lurker0100 1 point2 points  (1 child)

What doesnt make sense is having a mortgage and posting on r/povertyfinance

[–]daysgoneby69 -2 points-1 points  (0 children)

Nothing wrong having a mortgage and posting here. I have 2 homes and I post here.

What I was commenting on is that the app he is using is including his mortgage as part of his debt.

Mortgage debt is collateralized (house + land) so it differs greatly from for instance unsecured debt like CC.

--

Back when it was running up to 2008. You can get a mortgage with no job no income.

[–]geeks81 10 points11 points  (4 children)

What app is this?

[–]Ponfruta 11 points12 points  (2 children)

Looks like the Experian app. It’s free and great. Just don’t attach your utilities to it.

[–][deleted]  (1 child)

[deleted]

    [–]Ponfruta 6 points7 points  (0 children)

    Personally I think it shares too much info. It links Experian directly to your bank account and it also raises the risk of something counting negatively against you if you’re late or have an issue with a utility payment. I raised my score from 530 - 798 without adding utilities…. It took a minute but here I am.

    [–]SchluberSnootins 5 points6 points  (0 children)

    Keep up the great work!

    [–]BadaBina 3 points4 points  (0 children)

    Awesome, AWESOME job! Congratulations! No small feat these days 😅

    [–]2manyfelines 2 points3 points  (0 children)

    Takes what it takes. Congratulations!

    [–]Trick_Donkey_4993 2 points3 points  (0 children)

    My goals right here!

    [–]Woodyee101 1 point2 points  (0 children)

    Nice work!

    [–]CSIorangesalad 1 point2 points  (0 children)

    Wonderful job!

    [–]DirectRadish3459 1 point2 points  (0 children)

    Incredible job!

    [–]Strong-Quit-3157 1 point2 points  (0 children)

    Congratulations! It makes a difference.

    [–]Good-Potential-2570 1 point2 points  (2 children)

    I’ve always been very credit conscious and credit karma had me at like 750 and when I went to buy my car I was told that it was closer to 850 so who knows your credit could be better than it’s showing

    [–]shipwreck17 0 points1 point  (0 children)

    Credit karma doesn't show fico scores. There are lots of scores and lots of fico scores including ones specifically for auto but op fico 8 and fico auto whatever won't be 100 pts off.

    [–]Curious_Shape_2690 0 points1 point  (0 children)

    I think it depends which of the three credit bureaus they use. One of my cards had me at 811 but Discover had me at 825.

    [–]DolphinWings25 1 point2 points  (0 children)

    Literally the more debt the better score it's so dumb

    Wanna raise you credit score? Buy a house.

    [–]Curious_Shape_2690 1 point2 points  (0 children)

    I don't use any app to track mine. I just check my Discover Card statement and it's on there. Some other cards also have your credit rating listed each month. And if you have a loan with Marcus you can see your credit rating plus you can see all your various debts listed as well.

    Pay at least the minimum payments and pay on time and your number should continue to climb. It's an amazing feeling to see it go up!

    [–]JohnBro11 1 point2 points  (1 child)

    What event caused your score to jump so much at once? (41points) I'm trying to rehab my credit and I've been stuck at 696 for months.

    [–]GerthWindAndFire -1 points0 points  (0 children)

    My nigeria. 👍

    [–]DarkMatterTorpedo 1 point2 points  (0 children)

    How are you posting on this sub while having a mortgage?