tag:blogger.com,1999:blog-5363346176357438290.post5890514307439549470..comments2024-02-12T04:13:45.144-07:00Comments on Frugal For Life: I HAVE FANTASTIC CREDIT SCORES -- BUTMoney Crashershttp://www.blogger.com/profile/01458978398655534075noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5363346176357438290.post-40146606072852478502011-02-13T17:48:32.083-07:002011-02-13T17:48:32.083-07:00Many people have difficulty with credit cards and ...Many people have difficulty with credit cards and debt! Rather than control it, it is easier to not use it and go on a cash basis. I view credit cards as a convenience and to receive rewards. Credit bureaus rely on credit card balances and available credit to evaluate your financial responsibility as a score. That is why we have to be careful about canceling cards.krantcentshttp://www.krantcents.comnoreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-86787439623284102282011-02-12T16:51:19.032-07:002011-02-12T16:51:19.032-07:00@Sylvialh
My understanding is that a high debt to ...@Sylvialh<br />My understanding is that a high debt to income ratio is worse than the number of paid off cards that are open. However, check with your mortgage broker for the best and latest information.<br /><br />@Hollis<br />Thank you for that updated information!<br /><br />@Anon<br />If you can pay cash for major purchases - house, car and the repairs that go along with those, then you wouldDawnhttps://www.blogger.com/profile/02508567091434947464noreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-40887135477623749042011-02-11T10:00:24.292-07:002011-02-11T10:00:24.292-07:00If you have no debt and are living within a budget...If you have no debt and are living within a budget why do you need a credit card? If you are fortunate enough to have escaped debt don't go back to it!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-6174352744066980912011-02-11T06:54:09.182-07:002011-02-11T06:54:09.182-07:00dawn,
Really good info! One of the good changes in...dawn,<br />Really good info! One of the good changes in credit reporting is that Experian is now including good rental payment behavior as part of its VantageScore calculation so if you don't have much outstaning credit, you're a student or someone who's trying to rebuild credit after a foreclosure or bankruptcy, you can get points for being a responsible tenant.Hollis Colquhounhttp://www.FinancialSurvivalTools.comnoreply@blogger.comtag:blogger.com,1999:blog-5363346176357438290.post-77349819051432733832011-02-11T05:21:10.169-07:002011-02-11T05:21:10.169-07:00I've always struggled with the the "right...I've always struggled with the the "right" amount of credit. I keep credit cards because they are easy, sometimes necessary for paying for some things like restaurants and holidays. But I always pay them off so I don't really need to have 10,000$ worth of credit at my disposal. I keep one for the free groceries, and one for the car rental insurance (I have a bill that goes onto Anonymousnoreply@blogger.com