Quote:
Originally Posted by dazzleman
I agree. I think that people who worry about their FICO score first and foremost are playing the game by a set of rules set up by people who don't have their best interests at heart. The whole thing is designed to keep people in permanent debt, permanently paying interest, fees, etc. to the people from whom they have borrowed the money.
We need to get smart and turn the game around on them. Don't borrow unless you have a strategic purpose. Don't buy what you can't afford now. Use borrowing to your advantage to build wealth, rather than throw it away for instant gratification. The whole FICO/credit industry conglomerate is not interested in your real financial health, just your ability to suck yourself dry paying interest to them endlessly. It's not necessary to play the game by their rules.
Financial health first, and FICO will take of itself. And the more financially healthy you are, the less FICO is relevant in any case.
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I so agree! The FICO score is so flawed. One of the first people that was really big about the FICO score and acted like it was the most important thing in the world was Suzie Orman. She never says that Fair Issaic pays her millions!!!!! Do you think her opinion might be a bit biased by that?