I think that people with an 800 score live within their means. That does NOT mean that all people who live within their means have an 800 score. I lived within my means for years with little credit, and had a low score; now I play the game, get free gas and airmiles, pay no interest and live within my means and have a high credit score. Which will come in very useful when I have to move house and buy a new one. I am in a better position than I was before. And this is supposed to be bad?
jjosh122 wrote:So your 800 credit score is a sign that you live within your means? I say it is only a sign that you know how to play the game! What if I choose to not waist my money on interest and pay cash for everything? Would that be living within my means? And you can bet your bippy my score would be nowhere near 800 in that case.