@Anonymous wrote:"What's really happening is that they're rate-jacking consumers for changes in their credit reports. Lenders can pull a soft report on their customers for a whole lot less that it costs them to buy our FICO's"
Buy OUR FICO'S?!?!.....Oh wait...I thought none of you were employees!....Just all "friendly, Happy credit consumers".....ROFLMAO....Those pesky Freudian slips!.
Anyhow you can book flights, get hotel rooms ect...without a credit card very easy. I do it all the time. As for renting a car, well quite frankly, your a fool if you rent a car in the US now with their terms and about any other country you can do it with cash.
OK so you can save 10 cents on gas or a stick of butter....big deal. What you sound like is a typical gambler. HEY I just WON a $1000 Jackpot all the time ignoring the fact that he had to spend $3000 pulling the handle on the slot machine to get it....Yes American consumer you can save by spending....BULL! There is NO WAY you can even hope to break even playing the credit game. Its a trap plain and simple and its goals are 2 things. 1. Make you spend MORE and beyond your income. Often on crap if you think about it, you don't even need. 2.Make it EASY for you to spend beyond your means. Saddling you with debt . Yes you may play the game and pay off your balances every month....for awhile, And then something will happen. An income fluctuation perhaps...then you will be so brainwashed at that point you will spend to maintain your lifestyle because with credit its easy to to.....Then you are in the trap, Up go the rates, up goes the fees...Mr Banker gets a nice big smile on his face! We snagged another one who thought he was smarter than us! This game is like Nuclear war...the only way to win IS NOT TO PLAY!.
If you are so anti-FICO...why do you come back & post here? Looking for members to add to the bandwagon?
I have asked you this several times and you NEVER reply, you simply continue to blow your hot air of contempt, without ever giving a reason as to "why here"??
It's like a hard core Republican dropping in on the Democratic National Convention trying to get them all to understand "his" point of view, because he's RIGHT! Always always right. He never listens to another point of view...ever .
Like Judge Judy says....God gave you TWO listening ears for a reason. Use them.
@Anonymous wrote:Yep Roybatty...Cash talks LOUDLY...plastic says Im not too smart!....I love to pay more and lots of fees!...stick it to me!
But you don't like to answer straightforward questions.....
@BungalowMo wrote:
@Anonymous wrote:Yep Roybatty...Cash talks LOUDLY...plastic says Im not too smart!....I love to pay more and lots of fees!...stick it to me!
But you don't like to answer straightforward questions.....
It's impossible for someone to answer straightforward questions when they have been "over-served" with DR™ Kool-Aid. Apparently, the was a big sale on that brand recently, judging by the number of first posts in the middle of this thread. 
I know many people who understand and use credit frequently and live well within their means. I also know many people who use only cash and are perpetually in trouble because they are unable to budget or do without things they cannot afford. The method of payment is not the problem, the mindset is.
Last week, I was in my bank and overheard a couple being told they didn't qualify for a mortgage. Their Fico scores were OK, so the reason was something else. I noticed the loan officer used a calculator and made some notes with a Sharpie just before passing on the bad news, so I'm planning to write my legislators and demand they crack down on calculators and pens. Immediately. Obviously, this system of inanimate objects is causing undeserved hardships on consumers everywhere, and should share the blame with the Fico formula ...
@Anonymous wrote:
@fused wrote:
@Anonymous wrote:
Yep Roybatty...Cash talks LOUDLY...plastic says Im not too smart!....I love to pay more and lots of fees!...stick it to me!
Not true, at least not today. The value of the dollar has been steadily declining since 1913. The federal reserve notes are backed by NOTHING. Your cash is about as worthless as CCs. Not only that, but cash and CCs are the same thing...DEBT. Money (CCs) = debt. No matter what you do with reserve notes, you pay some sort of a fee when you do something with them. Spend it, pay tax. Save it, pay tax. Invest it, pay tax.
Of course I realize that you are being sarcastic, but the law in our country requires us to settle our debts in dollars. Now a smart person might also want to hold Yen or other currencies to prevent the depreciation of their net worth and that is an excellent thing to do. I have been going to Japan on business for over twenty years and everything has gotten cheaper (in dollars) in that time. This effect is called deflation and it may be starting here where the value of our property and other assets may decline for a very long time because banks are not loaning enough money to the middle class to stimulate economic activity (even the President says this, so don't try another ad hominem attack unless you want to call President Obama just another "coolaid drinker" to discredit my arguments). Banks are borrowing money from our Federal Reserve at .25% interest and loaning it back to the government via the purchase of short to intermediate term bonds at 2-3% or more, or even worse, investing that government money---OUR MONEY, in the stock market!!! These bond purchases yield a guaranteed minimum 1.75-2.75% profit, so why bother lending money to us middle class schmucks! In this environment, the value of credit scores decreases immensely since less and less bank revenue is being generated from consumer lending. That means that small businesses in this country as well as normal consumers are being choked-off of credit regardless of their credit scores. Until that changes, our country is headed for deflation and all of its destructive effects.
Actually, I'm not being sarcastic. I explained my understanding of money/debt.
Who did I attack? That isn't allowed in these forums. LOL!