Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I am skeptical of some of this. I would expect by now if these difficulties were as frequent and severe as you make them out to be, someone would have called the Dave Ramsey show and convinced him not to tell people not to have a FICO score.
You go on not having a credit score. I'll go on reaping the amazing perks of credit cards (5% back on groceries, consumer protection, free extended warranties, yes please).
Having no credit score is different then a crappy one. If a job asks about my credit score and I will simply explain it to them. I also would not be too happy working for a company who makes the decision based on this number.
Having no credit score is different then a crappy one. If a job asks about my credit score and I will simply explain it to them. I also would not be too happy working for a company who makes the decision based on this number.
Having no credit score is different then a crappy one. If a job asks about my credit score and I will simply explain it to them. I also would not be too happy working for a company who makes the decision based on this number.
Of course. Always trust people who have no history of dealing with other people's money (IE loans). Those scum bags who pay their credit cards off early every time can't be trusted!
You could have three people with 500k net worth, 300k net worth, and 200k net worth living together in the same house and be a "millionaire household".
I'm shocked that's not a majority of the country.
Sounds to me like you know nothing about economic demographics in the USA. You can google this stuff quickly.
They way I see it...if you plan to borrow money in the future then a credit score is important, it will award you lower interest rates and less hassle. If you don't then it is much less important. Sure insurance companies, landlords and possibly employers will use this number as a tool to access an individual but I wont carry debt for these reasons.
it is just a very different approach to personal finance as most people look at it. My parents say they have a 800 credit score. When I tell them it probably cost them 100-200K in interest to acquire such a score they looked at me sideways.
There is no way anyone is going to convince me at this point in my life to worry about my credit score. People lived just fine before they existed and can continue to.
They way I see it...if you plan to borrow money in the future then a credit score is important, it will award you lower interest rates and less hassle. If you don't then it is much less important. Sure insurance companies, landlords and possibly employers will use this number as a tool to access an individual but I wont carry debt for these reasons.
it is just a very different approach to personal finance as most people look at it. My parents say they have a 800 credit score. When I tell them it probably cost them 100-200K in interest to acquire such a score they looked at me sideways.
There is no way anyone is going to convince me at this point in my life to worry about my credit score. People lived just fine before they exists and can continue to.
You don't need to carry debt. I'm in the mid 700s and I pay off my credit every month. They hate me but I'm still doing admirably. That's without factoring in the bonuses.
You don't need to carry debt. I'm in the mid 700s and I pay off my credit every month. They hate me but I'm still doing admirably. That's without factoring in the bonuses.
That is perfectly fine and I have nothing against doing that. I just find it funny when people get mad at me because I don't use Credit Cards or take out any loans and don't really care about my credit score. People usually respond with "how are you going to buy a car?" or "What about an emergency?".
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
