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Raybyrnes
ParticipantTypically cut off for Tier 1 credit is 720. Anything more than that is probably costing you in opportunity cost.
By this I mean you would probably be better served to have a couple of 0 % credit card out there with a nice balance and have that money in a savings account earning you 4 or 5 %. You would still be in the mid 700 and if you had 20K in CC debt but simultaneously had 20 K in a bank account earning 5% than at the end of the year the 50Points on the Fico actually is costing you 1000 in cash. Just my Opinion. It does require a little bit of management to play the credit and credit card game.
Raybyrnes
ParticipantTypically cut off for Tier 1 credit is 720. Anything more than that is probably costing you in opportunity cost.
By this I mean you would probably be better served to have a couple of 0 % credit card out there with a nice balance and have that money in a savings account earning you 4 or 5 %. You would still be in the mid 700 and if you had 20K in CC debt but simultaneously had 20 K in a bank account earning 5% than at the end of the year the 50Points on the Fico actually is costing you 1000 in cash. Just my Opinion. It does require a little bit of management to play the credit and credit card game.
Raybyrnes
ParticipantTypically cut off for Tier 1 credit is 720. Anything more than that is probably costing you in opportunity cost.
By this I mean you would probably be better served to have a couple of 0 % credit card out there with a nice balance and have that money in a savings account earning you 4 or 5 %. You would still be in the mid 700 and if you had 20K in CC debt but simultaneously had 20 K in a bank account earning 5% than at the end of the year the 50Points on the Fico actually is costing you 1000 in cash. Just my Opinion. It does require a little bit of management to play the credit and credit card game.
Raybyrnes
ParticipantTypically cut off for Tier 1 credit is 720. Anything more than that is probably costing you in opportunity cost.
By this I mean you would probably be better served to have a couple of 0 % credit card out there with a nice balance and have that money in a savings account earning you 4 or 5 %. You would still be in the mid 700 and if you had 20K in CC debt but simultaneously had 20 K in a bank account earning 5% than at the end of the year the 50Points on the Fico actually is costing you 1000 in cash. Just my Opinion. It does require a little bit of management to play the credit and credit card game.
Raybyrnes
Participantpabloesqobar
Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.
Raybyrnes
Participantpabloesqobar
Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.
Raybyrnes
Participantpabloesqobar
Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.
Raybyrnes
Participantpabloesqobar
Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.
Raybyrnes
Participantpabloesqobar
Grat advice. The University of San Diego Law School also offeres a free legal clinic for a variety of real esate related issues.
Raybyrnes
ParticipantIf people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100
Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.
Talk of individuals incorporating to avoid liability is nonsense.
Raybyrnes
ParticipantIf people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100
Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.
Talk of individuals incorporating to avoid liability is nonsense.
Raybyrnes
ParticipantIf people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100
Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.
Talk of individuals incorporating to avoid liability is nonsense.
Raybyrnes
ParticipantIf people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100
Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.
Talk of individuals incorporating to avoid liability is nonsense.
Raybyrnes
ParticipantIf people are concerned with liabilities they buy an Umbrella Poicy for home and auto for a million bucks of coverage. Cost is going to be about $300. Need to carry max limits for auto in policy. Typically split limit policy is going to be 250/500/100
Incorporating different properties would only make sense if you were a high net worht individual with multiple properties in which case it would make sense to potentially incororate each individual property to avoid liabilities on all in the event of a law suit.
Talk of individuals incorporating to avoid liability is nonsense.
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