Re: At last – I’m not alone!
Friends and family would be aghast if they knew that we may actually knowingly RUIN our credit rating in order to protect ourselves from financial ruin! GASP!!! You simply cannot ruin your credit rating, it’s unthinkable! We have no credit card or automobile debt, all our college loans are paid off, we aren’t taking out a loan to build the new place… the only debt we have is this @%#$# house we currently live in that has gone $85k into the red in the last 8 months!
Amazing how you don’t need a credit rating if you don’t plan to borrow money again! If you are familiar with financial author Dave Ramsey, well, he’s a multimillionaire and became that way without any debt. He doesn’t even have a credit score, it’s been so long since he borrowed any money. If he wants something…say a house …he just pays cash! (I don’t agree with his advice on how to invest, but he’s proof that debt free works)