Zero Fico Score

[Anonymous]

Lowest Score Possible is 350 

[Anonymous]

Ahhhhh...seeeeeee...I don't even know anything about them. I'll check it out. Now...if someone will just trust me enough without a score to even give me one...sheeeesh! : D

And thank you!

[MidnightVoice]

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patrickdlewis wrote:
 I don't see how his ideas are a waste of money

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His rep[payment method is fiscally irresponsible and wastes money

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patrickdlewis wrote:
to have a fica score requires debt,

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This is the biggest stupidity of them all.  Having a FICO score does not require debt.  Having a credit card does not require debt.  When I pay off my mortgage, I will have no debt and a high FICO score.

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patrickdlewis wrote:
 I don't know about yall, but I would rather keep all the money I pay in inttrest payments for my self.

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Absolutely - that is why I don't pay interest on credit cards.  And that is why I use credit cards to get free interest while waiting to pay it - unlike Dear Dave, I don't see the point of throwing away money by paying cash when I can have an interest free loan for about 35 days!

[Anonymous]

Dave does not have debt.  Neither does his business.  And debit cards work just fine when traveling.  Contrary to popular belief, one can live in the modern world without a credit card and thrive.

[MidnightVoice]

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bobkelly wrote:

Dave does not have debt.  Neither does his business.  And debit cards work just fine when traveling.  Contrary to popular belief, one can live in the modern world without a credit card and thrive.

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...and waste money!!!!!!!!!!!

[Anonymous]

I had a zero score from experian..only to find out that the address they had was wrong.It was an East/West mistake on the street name.After sending them a copy of my Drivers License, I suddenly had a credit score from them.

[haulingthescoreup]

Those of you who have seen 0 scores: are they on the score reports that you get from myFICO, or are they on the FAKO scores that you buy from the credit bureaus?

I don't think that myFICO will display a 0 score, but I could well be wrong.

As for the whole Dave Ramsey thing, my opinion is that he has a lot of good ideas, but he's so freaking vitriolic about the evils of credit that it's difficult to take his good ideas seriously. I distrust fanatics, coming from whichever extreme, in whatever area.

And it is true that people get into trouble with credit, but it is also true that people get into trouble by bouncing checks repeatedly. Credit itself isn't evil. And in a country where you're one medical disaster away from bankruptcy, whether you're insured or not, credit can be a blessing. The problem lies with people who haven't developed self-discipline and gained financial knowledge, and who have allowed themselves to be influenced by the I-want-it, I-want-it culture that we're cursed with today.

[MidnightVoice]

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haulingthescoreup wrote:
As for the whole Dave Ramsey thing, my opinion is that he has a lot of good ideas, but he's so freaking vitriolic about the evils of credit that it's difficult to take his good ideas seriously. I distrust fanatics, coming from whichever extreme, in whatever area.

And it is true that people get into trouble with credit, but it is also true that people get into trouble by bouncing checks repeatedly. Credit itself isn't evil. And in a country where you're one medical disaster away from bankruptcy, whether you're insured or not, credit can be a blessing. The problem lies with people who haven't developed self-discipline and gained financial knowledge, and who have allowed themselves to be influenced by the I-want-it, I-want-it culture that we're cursed with today.

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Stop being so blooming reasonable!  I like mocking the afflicted  

[Anonymous]

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@haulingthescoreup wrote:
Those of you who have seen 0 scores: are they on the score reports that you get from myFICO, or are they on the FAKO scores that you buy from the credit bureaus?

I don't think that myFICO will display a 0 score, but I could well be wrong.

As for the whole Dave Ramsey thing, my opinion is that he has a lot of good ideas, but he's so freaking vitriolic about the evils of credit that it's difficult to take his good ideas seriously. I distrust fanatics, coming from whichever extreme, in whatever area.

And it is true that people get into trouble with credit, but it is also true that people get into trouble by bouncing checks repeatedly. Credit itself isn't evil. And in a country where you're one medical disaster away from bankruptcy, whether you're insured or not, credit can be a blessing. The problem lies with people who haven't developed self-discipline and gained financial knowledge, and who have allowed themselves to be influenced by the I-want-it, I-want-it culture that we're cursed with today.

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Amen!~

We need to learn how to live within our means. Credit cards if used wisely can be a significant benefit. (Rewards that didn't cost diddly if you PIF)

And I understand the medical thing. My mother had crappy insurance, when diagnosed with cancer they had to sell the house and one of the cars to pay her portion of all the bills. It took my dad more than three years to pay off the remaining balances after her death. It could have easily been a BK. Luckily he worked for the hospital and they made arrangements that were favorable.

[haulingthescoreup]

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@Anonymous wrote:

Amen!~

We need to learn how to live within our means. Credit cards if used wisely can be a significant benefit. (Rewards that didn't cost diddly if you PIF)

And I understand the medical thing. My mother had crappy insurance, when diagnosed with cancer they had to sell the house and one of the cars to pay her portion of all the bills. It took my dad more than three years to pay off the remaining balances after her death. It could have easily been a BK. Luckily he worked for the hospital and they made arrangements that were favorable.

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I am so sorry to hear of your loss. And what a shame that the tragedies of major illness and death are compounded by financial disaster as well.