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Running Up the Threshold - FB Ads etc.

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TheJason
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Even with bad or no credit you can still make a sort of in-house credit with Facebook, Pay Pal, Yahoo/Bing, and Google.  However, this credit is never reported so don't think it will improve your credit score - outside of these companies.

O.K. I am trying this now - and have a threshold of $899.00 with Facebook Ads.   Anyway, I'm going to try to spend this on drumming-related ads - but possibly I will have to slow down after this.

Key Point: To raise the threshold - you have to spend everything in your current threshold.   However, imagine the benefits: waking up some morning knowing you can spend $10,000 to $100,000 - but be sure you can eventually pay it back - as the threshold, I suppose, could get low again and/or you can get legal trouble.

This topic was modified 5 years ago 3 times by TheJason
 
Posted : 02/04/2019 2:35 pm
Demon_skeith
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I would think it has to be tied to your credit score in some shape or form or otherwise how would they come after you for any bad credit?

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Posted : 03/04/2019 7:05 am
Lammchen
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You could truly get into financial trouble if you get into the next threshold that you can't afford. I would be setting a personal limit and not go over that.

 
Posted : 03/04/2019 1:05 pm
TheJason
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Posted by: Demon_skeith

I would think it has to be tied to your credit score in some shape or form or otherwise how would they come after you for any bad credit?

Oddly enough it isn't.  Anyway, if they lie - people can sue!

 

 

 

Posted by: Lammchen

You could truly get into financial trouble if you get into the next threshold that you can't afford. I would be setting a personal limit and not go over that.

I will probably stop at $899 - but I might be tempted to go to $2000.  Well, you only live once!

This post was modified 5 years ago 5 times by TheJason
 
Posted : 03/04/2019 7:04 pm
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