Comments on: 7 Unexpected Ways Your Credit Score Affects Your Finances http://www.doughroller.net/credit/unexpected-ways-credit-score-affects-finances/ Money Management and Personal Finance | The Dough Roller Mon, 13 Feb 2012 05:44:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bill http://www.doughroller.net/credit/unexpected-ways-credit-score-affects-finances/comment-page-1/#comment-10406 Bill Tue, 16 Dec 2008 17:00:17 +0000 http://www.doughroller.net/?p=1155#comment-10406 1) Not all car insurance companies check your credit. Besides that fact, not ever using debt and paying interest to increase your score will save you more than your increased car insurance rate for having a lower/zero score. 2) Property insurance. See #1. 3) So having no credit means you have no negatives they are looking for. And they can confirm your rental history with your prior landlords. No credit needed here. 4) The majority of people are not in a career that requires a credit check. Many of those employers who do check credit histories could care less if you have good credit, they just don't want you to have "bad" items on your credit. A good credit score is not needed. 5) Credit card offers? Why in the world would I want more credit card offers? Credit cards are a scam. Banks and corporations taking advantage of our societies dumb financial mentality. Nobody has ever gotten rich using credit cards except the credit card companies themselves. 6) Manual Underwriting. Yes, it does still exist. Enough said. 7) If you don't have and use credit cards, you could care less about credit card interest rates. I have a better idea all around. Use cash. Save for emergencies. And don't borrow money at all. The idea that we all "need" a good credit score is a myth. Keep falling for it and you are only a detriment to your own future wealth. 1) Not all car insurance companies check your credit. Besides that fact, not ever using debt and paying interest to increase your score will save you more than your increased car insurance rate for having a lower/zero score.

2) Property insurance. See #1.

3) So having no credit means you have no negatives they are looking for. And they can confirm your rental history with your prior landlords. No credit needed here.

4) The majority of people are not in a career that requires a credit check. Many of those employers who do check credit histories could care less if you have good credit, they just don’t want you to have “bad” items on your credit. A good credit score is not needed.

5) Credit card offers? Why in the world would I want more credit card offers? Credit cards are a scam. Banks and corporations taking advantage of our societies dumb financial mentality. Nobody has ever gotten rich using credit cards except the credit card companies themselves.

6) Manual Underwriting. Yes, it does still exist. Enough said.

7) If you don’t have and use credit cards, you could care less about credit card interest rates.

I have a better idea all around. Use cash. Save for emergencies. And don’t borrow money at all. The idea that we all “need” a good credit score is a myth. Keep falling for it and you are only a detriment to your own future wealth.

]]> By: Aya @ Thrive http://www.doughroller.net/credit/unexpected-ways-credit-score-affects-finances/comment-page-1/#comment-10291 Aya @ Thrive Thu, 11 Dec 2008 22:30:08 +0000 http://www.doughroller.net/?p=1155#comment-10291 Improving your credit score is important, and the first step to take is to know your credit score. You could always get an annual credit report, or you could get your score for free at anytime with Thrive (a free online financial advisory), which can also help you to improve it as well. There are scams out there that say they're free but have hidden costs so it's important to do some research - starting with maybe sending them an email to find out more. Don't let scams discourage you from using some resources that are genuinely meant to help people with their finances! Improving your credit score is important, and the first step to take is to know your credit score. You could always get an annual credit report, or you could get your score for free at anytime with Thrive (a free online financial advisory), which can also help you to improve it as well.
There are scams out there that say they’re free but have hidden costs so it’s important to do some research – starting with maybe sending them an email to find out more. Don’t let scams discourage you from using some resources that are genuinely meant to help people with their finances!

]]> By: DR http://www.doughroller.net/credit/unexpected-ways-credit-score-affects-finances/comment-page-1/#comment-10083 DR Mon, 01 Dec 2008 12:34:06 +0000 http://www.doughroller.net/?p=1155#comment-10083 It is a controversial issue, but insurance companies do look at an insured's credit to decide whether to extend coverage and the cost of the insurance. It is a controversial issue, but insurance companies do look at an insured’s credit to decide whether to extend coverage and the cost of the insurance.

]]> By: Mr Clean Credit http://www.doughroller.net/credit/unexpected-ways-credit-score-affects-finances/comment-page-1/#comment-10080 Mr Clean Credit Mon, 01 Dec 2008 11:21:25 +0000 http://www.doughroller.net/?p=1155#comment-10080 I didn't realize that insurance companies look at my credit too. I didn’t realize that insurance companies look at my credit too.

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