For a good laugh:

http://getting-green.blogspot.com/2007/01/i-have-credit-score-of-zeroand-i-love.html


I Have a Credit Score of Zero…And I Love It!
If you ever want to hear a good story, talk to a financial counselor. I know an individual who happens to be one and he told me the story of a woman named Beatrice. Beatrice’s father told her from a very young age that it was very important to protect her credit score. She had called my friend the financial counselor and told him that she had not eaten in two days; however she made all of the minimum payments on her credit cards. Those are some seriously screwed up priorities. Americans have been indoctrinated to worship at the altar of the FICO score, and it’s time for that to stop.

I have a credit score of zero, and I love it. A few weeks ago, I tried to pull my FICO score from Fair Isaac, and they told me that my score was so low that they could not even calculate it because I have not had any credit activity in over a year. The error message even went as far suggested the reasoning for this is that I might very well be deceased!

How did I attain this very low score? I do not borrow money, period. I have accepted that ‘no’ is an acceptable answer to my wants and that if I do not have the cash to buy for something I simply cannot afford it.

At this point many will be asking, “Don’t you need a high credit score to get a home loan, automobile loan, get a credit card or rent an apartment?” In some cases yes, but I don’t borrow money; I don’t mind explaining to the apartment manager that because I’m not deeply in debt I actually have money to make my rent checks. The only thing that a high credit score enables you to do is get deeper into debt. No one wants to be thousands of dollars in debt and in a very deep financial hole, but so many people do it because they have fallen for the myth that you need to have debt as part of your financial life.

The only way to have a high credit score is to be in debt for great amounts of money over long periods of time. This isn’t exactly a winning financial plan. The FICO score is based on your debt payment history, your amount of debt, the length of your credit history, the types of debt that you have and any new credit that you attain! As the famous financial counselor Dave Ramsey puts it, a “credit score is an I love debt score”.

Does my FICO score of zero indicate that I couldn’t repay a loan, or that I am somehow not good with money? Of course not, it indicates that I don’t owe anyone in the world and have not for a long period of time and that I actually have some money. You can keep your FICO score!

Unless this person expects to be renting the rest of their lives, they are screwed. If they were truly financially smart, they would app-o-rama, max out Cash Back, miles, points, etc. Infact, I have run into landlords that would not rent to this person because there is no history. It is a calling card about you and some would rather know their credit is there instead of saying they have cash.

Yeah, high fico score means a lot of debt ROFL. OMG, there couldn't be one responsible credit card holder out there. I agree with Beckles, the worst credit hits 200-300.

fatwallet2099 said:
The only way to have a high credit score is to be in debt for great amounts of money over long periods of time. This isn’t exactly a winning financial plan.
That is pure crap along with this whole story. I had real FICO's at 820+ before my AoR and I had zero debt showing for my whole history, Never a mortgage and last car loan was 25 years ago

Iknownothingaboutfico said:but so many people do it because they have fallen for the myth that you need to have debt as part of your financial life.

The only way to have a high credit score is to be in debt for great amounts of money over long periods of time...As the famous financial counselor Dave Ramsey puts it, a “credit score is an I love debt score”.

This guy is a retard and it obviously shows he knows nothing about credit scores. You can have an excellent credit score and have no debt. He should go back to worshipping Ramsey and Orman.

It looks as though you guys are quoting me. I didn't say any of that. You can attribute it to Matthew Paulson getting green blogspot http://getting-green.blogspot.com/.

What a weirdo

im not going to waste my time to point out all this idiots mistakes, but some of you may want to copy/paste what you said here to his blog....

then again, i am sure he is a blind follower, like most ramsey followers.

MMMmm, You tell me that when my Costco Cash Back Comes in Feb For 150.xx

CoffeeEater said:The author has to be a woman...

Being a moron has nothing to do with gender.

That blogger has an even dumber post here:

You Cannot Use Credit Cards Responsibly

He says that anyone who says they are using credit responsibly is a liar. If this guy were posting here I'd accuse him of being a troll, but since its on his own blog, I assume he's just an idiot.

This person sounds like they are 82 and they pinch thier pennys so hard they make Lincons face turn blue. Some people don't get that to make money it will take money (in essance venture capital). Denying your self the chance to screw up vs. develpoing the dicipline not to is a far weaker position. Simple mind at work on this one, not much upstairs.