Use Your Credit Wisely

If you are a beginner here, use your credit wisely. Lending and borrowing are great ways to keep your poker accounts active, but try be smart about it lest you ruin your reputation. Here are some tips.

• Don't try to borrow money if you are new here. This should be obvious, but you don't know how many people I have seen asking for several thousand points, and when I click on their name I see the account was created today. This looks like a scammer, so unless you are trying to scam, don't do this. Instead try to get to know people in chat, post in the forum and play in the freerolls and client games. People will lend to you once they get to know you.
• Borrow small amounts at first. Try to make a name for yourself to build your creditworthiness. Like the 18-year old that gets the electric and phone bill put into his name so that he can one day get a credit card, you should ask for a few hundred points and pay it back on time. Rinse and repeat a few times and you will have a reputation that enables you to borrow even more in the future.
• Don't pay back late! If you pay loans back late it will be noted in your feedback. This will translate into higher borrowing charges from the lenders, and eventually lead to your being cut off from credit altogether if it happens a lot.
• Don't get in over your head. This is the most important one. Desperation is easy to detect and nobody, I mean nobody wants to lend to that guy that already has a late loan out in the "loan shark" section, and is messaging in chat and the poker client every night for loans through the market. Make sure you have a plan to pay back the loans you take out ON TIME, even if you manage to lose all the points. If you have no way to buy points and you are borrowing for 7 days, then don't ask for a 3,000-point loan, because there is no way you can pay that back if you lose it. 300 points is something you can more reasonably expect to pay back if you lose it all, by posting, playing the lottery and doing a couple surveys or videos here and there.
  

I'm sure there are more tips, so please post them old-timers!

Nice instructions and tips for this, very helpful indeed.

well nice tips for a beginner and this forum is very educational.

been here a couple of weeks still havent learned the whole seen
but good tips for sure
have gotten my points stack up by a few key offers and its been kinda different than any
other forum ive been on

I wasn't familiar with the borrowing and lending of points, but thanks for the tips.

thats good advice. use yor credit wisely. I always try to pay people back in time. you never know when you might need something.

like this thread , just wish new members would follow it !

yeah i get PM's from new players asking to borrow points and i keep telling them not right now.

Tiarra, I must say that you're posts are always the most organized and well thought out of anyone on this site. I'd say you'd be perfect mod material if only you were around the site more often. Keep up the good work

If i see a new member with a small loan shark up i will do it so that they can build their feedback and possibly get further loans with the good freedback. But the new members with 2K loans up are just crazy if they think thast gonna be accepted

Quote:

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Originally Posted by tval35

Tiarra, I must say that you're posts are always the most organized and well thought out of anyone on this site. I'd say you'd be perfect mod material if only you were around the site more often. Keep up the good work

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Thanks for the Kudos! I'm around quite a bit, I just don't play in the freerolls very often.

def want to use it wisely to keep from losing my hard earned points

Great post. I hope it helps some. The nature of the beast is the problem tho. We were all young, and some point we were all gamblers. I know I regret a lot of my mistakes early... but, the biggest one is letting my credit score get all screwed up. Take the advice, and start w/ good credit. You will need it for life, and not just PO'd credit. GL all.

some people are just loan machines and have to much trust in new members!

the thing is only loan what you can pay back and rocket i was at over 40 k and tval bluffed me out of 20k and lost 10k todya

TVAL35...you going to pay back that loan I gave you or just leave it in default...since you are posting in the how to use credit wisely forum.

the first question is how to make a credit in this site,i play good but there is no points in this site for us,how do u guys get good points here?

good advice, I hope you take into account

great advice on here, in the real world credit is so important to obtain major wealth within in your life. i made a few mistakes and it took 7-8 years to fix..

very helpful indeed