It dawned me today...the older you are, the less the bank wants to give you. I wish i was 20 again.

[Mayne]

no clue about life, just happy to wake up and no responsibilities...but if I want to get money from the bank..they judge me on how long I have to live. such a fucked up world.

 

[Krazy4Real]

Yeah I know right.... or maybe your credit just sucks. It could be that too.

 

[ImpulsE69]

Banks are always trying to throw money at me. I have no idea what you are talking about.

Even worse Omaha Steaks camps outside my door...

 

[Drako]

That's what happens when you don't pay your bills.

 

[dave_the_nerd]

When you're 20, you're an unknown quantity. You could be a good risk, or a bad risk.

When you're 40, you're a known quantity. You are definitely a good risk or a bad risk.

 

[allisolm]

"no clue about life"

'nuff said

 

[nakedfrog]

Weird, when I when to get pre-approved for a mortgage earlier this year, the banker told me I could definitely ask for more.

 

[Yakk]

When you're 20, you're an unknown quantity. You could be a good risk, or a bad risk.

When you're 40, you're a known quantity. You are definitely a good risk or a bad risk.

What makes you a good or bad risk? Banks like if you own quantifiable assets with a low or non-existent debt ratio which they can exploit.

You become a golden target for their marketing.

 

[jlee]

What makes you a good or bad risk? Banks like if you own quantifiable assets with a low or non-existent debt ratio which they can exploit.

You become a golden target for their marketing.

Generally, whether or not you pay what you owe.

 

[Yakk]

Generally, whether or not you pay what you owe.

That generally goes along with a low debt ratio versus your income and owned assets.

 

[brianmanahan]

What makes you a good or bad risk?

how likely you are to drunk post on ATOT

 

[BoomerD]

Must be just the OP. I'm in my 60's and retired...and the bank LOVES giving me money because they know they'll make money when I pay it back.

 

[Ichinisan]

I’m confused. Since when do banks “give” money?

 

[whm1974]

I’m confused. Since when do banks “give” money?

They never have, they lend money with interest.

 

[BoomerD]

They never have, they lend money with interest.

And I'm VERY interested in "free money," I need to find out where Mayne banks...

 

[ImpulsE69]

I bought a money tree off ebay. Now the banks come to me.

 

[zCypher]

Yes, this is definitely exactly how lenders operate.


lol

 

[s0me0nesmind1]

how likely you are to drunk post on ATOT

Shit, I'm screwed. That 800 credit score isn't going to do me any good =[

 

[stormkroe]

OP, you were just more intimidating when you were younger, and tellers are more desensitized to violence these days. Did you quit using a gun? Have you tried a blacker gun with larger magazine clip?

 

[BoomerD]

OP, you were just more intimidating when you were younger, and tellers are more desensitized to violence these days. Did you quit using a gun? Have you tried a blacker gun with larger magazine clip?

He's Canuckistanian...and has only seen "guns" on tv and in the movies.

 

[Red Squirrel]

I was always surprised when I was really new to the world of credit how easy it was to get. When I turned 18 I immediately applied for a credit card as it would save me from having to borrow my mom's for online stuff. No questions asked, I got one. They would often send me offers to increase limit too. This is a good thing for anyone starting out at life, get a credit card, and use it! That's how you build up credit. By 23 I bought my house so I got a mortgage without needing a cosigner. Got a credit line around that time too and other loans as I had went a little over budget with renos. Now I keep the credit line as a buffer or emergency, I normally don't have a balance in it, but it kind of acts as a pay day advance, especially near the end of the month when a good chunk of the bills come out. Then I pay it off when I get paid.

Now days the only source of credit I may possibly need is if ever some huge expense happens like major house issue then I'd maybe ask to increase my credit line limit. But anything over 10k is going to take too long to pay off, so I'd probably open the mortgage at that point. That's what I ended up doing when I needed to redo weeping tiles, and needed a new car, all in one summer.

Interestingly a year or so after I had my house I checked my credit for fun and it was like 800 something, now I'm at 700 something. Odd that it went down, maybe because I'm not using credit as much as I was at the start?

 

[Linflas]

The older I get the more money they want to throw at me so I'm not really sure what you are talking about.

 

[OverVolt]

Bank has money

you go to bank to get money

flawless logic

 

[Red Squirrel]

Bank has money

you go to bank to get money

flawless logic

If you show up with a gun they tend to give you more money too!

 

[Ns1]

the older you are, the less the bank wants to give you.

you're doing it wrong