Awesome Credit Score
Filed Under Uncategorized |
When we got our line of credit loan several years back, I remember the loan officer telling us, “You have an excellent credit score. I haven’t seen one that high for a long time!” I smiled at my husband and thought, “We are so awesome.”
And we were awesome, but at the wrong thing. Do you know what having an excellent credit score means? It means that you are really, really good at borrowing money. You borrow it, pay it back with interest. You borrow again, pay it back with interest. And again, and again, and again. Yes, we were awesome at that.
Suze Orman is all about the FICO score and is always pushing people to make sure their FICO score is excellent. Dave Ramsey tells his listeners that he doesn’t even have a FICO score because he doesn’t borrow money. It’s interesting how two financial experts could be on such opposite ends of the spectrum.
As for me, I’m with Ramsey. I will never borrow money again. I will save up for any big purchases I have to make. I am so done paying interest when I have the full ability and knowledge to plan ahead and save up the money I need to buy the things I want.
What about you? Are you, or were you, “awesome” like we used to be?
Comments
One Response to “Awesome Credit Score”
-
About Heidi
-
-
Search
-
Random Things
Quote of the Day
Another way to solve the traffic problems of this country is to pass a law that only paid-for cars be allowed to use the highways. Will Rogers
I think it is wise to point out the differences in those two experts. To someone with common sense, paying cash rather than paying interest is just a nobrainer! Besides, who are the “they” that care if you have a good credit score, especially if you never need to have one (like DR!)!