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Unless you're in the process of getting a house at a low interest rate, a credit score doesn't mean much. You can buy a car with cash and use a secured card for CCs.
I guess it's a nice peace of mind if you ever lost your job for an extended amount of time and somehow needed some emergency funds to borrow.
Unless you're in the process of getting a house at a low interest rate, a credit score doesn't mean much. You can buy a car with cash and use a secured card for CCs.
I guess it's a nice peace of mind if you ever lost your job for an extended amount of time and somehow needed some emergency funds to borrow.
Employment? Insurance rates? Your credit score is way more than just to obtain credit.
My understanding is that anything 700 or more is all the same in many cases. Some places will give a slightly better rate at 740.
800 +
Indicates an exceptional FICO Score . Less than 1% of consumers with a credit score of 800+ are likely to become seriously delinquent (90 or more days past due within the next 24 months) in the future.
740 to 799
Indicates a very good FICO Score Approximately 1% of consumers with a credit score between 740 to 799 are likely to become seriously delinquent in the future.
670 to 739
Indicates a good FICO Score and is in the median credit score range.. Approximately 9% of consumers with a credit score between 670 to 739 are likely to become seriously delinquent in the future.
Employment? Insurance rates? Your credit score is way more than just to obtain credit.
My car insurance rates never changed with my high credit nor did any employer ever care.
You’re vastly overrating the importance of credit score outside of housing. Matter of fact, there’s plenty of people with poor credit who have sweet rent controlled housing and section 8 vouchers.
I’ve never seen anyone get fired because their credit score wasn’t high enough.
Unless you're in the process of getting a house at a low interest rate, a credit score doesn't mean much. You can buy a car with cash and use a secured card for CCs.
I guess it's a nice peace of mind if you ever lost your job for an extended amount of time and somehow needed some emergency funds to borrow.
You will not rent from me without a 625+ credit score. Not even if your spouse has an 850 and makes a ton of money.
My car insurance rates never changed with my high credit nor did any employer ever care.
You’re vastly overrating the importance of credit score outside of housing. Matter of fact, there’s plenty of people with poor credit who have sweet rent controlled housing and section 8 vouchers.
I’ve never seen anyone get fired because their credit score wasn’t high enough.
You have a good point. Once your credit score is above 700, don't worry about it.
I’ve never seen anyone get fired because their credit score wasn’t high enough.
A poor credit score will prevent a person from being hired for jobs involving a security clearance. Employees need to resubmit for clearance every 5 years where I work. A seriously degraded score will eliminate the required security clearance, resulting in a far different job or no job.
Unless you're in the process of getting a house at a low interest rate, a credit score doesn't mean much. You can buy a car with cash and use a secured card for CCs.
I guess it's a nice peace of mind if you ever lost your job for an extended amount of time and somehow needed some emergency funds to borrow.
Potential employers do check credit scores. redit scores are a sign of responsibility.
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