Comments on: Do You Have An I Love Debt Score?

By: Athensguy

Athensguy — Sun, 12 Jul 2009 22:15:23 +0000

You are mistaken if you think that you must pay interest to have a good credit score. I use my credit cards and pay them off before interest accrues. They are really a negative interest loan. Installment loans are not required for a good score. In addition, credit cards make budgeting much simpler.

By: Molto Denaro

Molto Denaro — Mon, 21 Jul 2008 02:06:29 +0000

Transunion gave me a bad score because I chose not to have a large credit and that I didn’t go out an buy a house already.

If I did that then I would have ended up like the rest of the people, so I told Transunion to go screw themselves!

By: Frugal Dad

Frugal Dad — Mon, 26 May 2008 13:48:23 +0000

I’m not in love with my FICO score, but I also don’t set out to destroy it! I agree we, as a society, put too much emphasis on these three numbers, and ought to spend more time investigating the quality of the individual.

By: Krystal

Krystal — Thu, 22 May 2008 23:54:17 +0000

Thank you! I appreciate your honesty and words of advice!

By: admin

admin — Thu, 22 May 2008 23:43:46 +0000

Krystal,
Stay away from debt relief agencies. They will bleed you dry. It is always best to handle your own money.

By: Krystal

Krystal — Thu, 22 May 2008 21:00:37 +0000

Hi there Amy. I was just wondering, when you first realized you had to something about your debt, did you ever consider using a debt relief agency, and what were you reasons either way? I was just wondering your opinion. Thanks!

By: Debt Free Hispanic

Debt Free Hispanic — Thu, 22 May 2008 16:06:27 +0000

Amy, it is true, I became debt free in January and I also cancelled credit cards, business credit and my FICO score has taken a plunge. But I don’t care because my savings is going up, i’d rather have money than a good FICO score and a ton of debt.

Thanks for Living like no one else Amy.

Fabian (Debt Free Hispanic)

By: Mufasasmommy

Mufasasmommy — Thu, 22 May 2008 15:55:07 +0000

Seriously, on this one I 10000% agree with you.

My grandmother has over 100K in her CHECKING account (I have no clue about savings) and no credit score because she comes from an era when they didn’t use credit for anything unless they had to. The only thing she’s ever made payments on is her house, which she has owned outright for over 30 years.

With the advent of debit cards and one-time use MC & Visa cards. No one really needs credit. But boy do we rely on it.