I’ll easily take a 200 point deduction to fall in the low 600s for 100k lmao.
An 800 Credit Score Has More Purchase Power Than $100,000
- Thread starter KyokushinKarateMan
- Start date
lol no you can’t. You have to have proof of income that supports you being able to pay it back and likely have collateralNothing stupid about it.. that 800 credit score you can walk into a Rolls Royce dealer and lease you that Truck with no money down.. now it’s a different story if you don’t have the 4-5k a month to pay for it
MajesticLion
Veteran
*Serious question* In what area can you get a gourplex for $100k?
Ezekiel 25:17
Veteran
Rell84shots
Veteran
Sadly people would take the 100k loan because they can feel good about being qualified for suck a loan, whereas any sane person would take the 100k cash and pay off debts and/or flip it into even more money.
BaldingSoHard
Veteran
listen man you ain’t getting no argument from me all I know is if you have the purchasing power and the borrowing power you always use the banks money instead of your own
For sure.
But if you have a choice between 800 credit score and 100k, you take the cash every time.
R.E.N. Spells Ren
Veteran
Credit score is far more important when taking out loans that you’re going to pay back based on your income (mortgages, car notes, etc.) than when you’re trying to take out a loan to start a business to generate income. For the latter it’s more about your business plan.
Thus, as many have said, credit score means little without the income to go with it.
Thus, as many have said, credit score means little without the income to go with it.
T’Challa’s Heir
Superstar
Bruh, with 100k cash, Unless you got grad school loans, you’re out of debt with an 800 score with 3-5 months with 5 figures left over.
There is no scenario where the 800 score makes sense over the 100k cash.
Facts.. give me the $100k I can use a couple dollars to build my credit score
blockburna420
Consecutive thumbs up
Credit hustle eating cause people irresponsible 
NOT WITH A shytTY CREDIT SCORE AND INCOME TO BACK IT. THAT'S WHY THIS QUESTION IS STRUCTURED THIS WAY. 100K WITH NO CREDIT SCORE ONLY GOES AS FAR AS YOUR INCOME ALSO. YOU'LL JUST HAVE A BAD INTEREST RATE.
YOU WOULD BE BETTER SERVED TAKING THAT 100K AND PUTTING 30K ON A DOWN PAYMENT FOR A DUPLEX. ENTRY IS MUCH LOWER AND YOU HAVE 70K CUSHION FOR UPGRADES AND OOPS MOMENTS. KEEP IT FOR A FEW YEARS WHEN YOUR CREDIT IS BETTER AND SELL. THEN APPROACH THE BIGGER UNIT.