Quote:
Originally Posted by ElijahF
Haha, Dave Ramsey is pretty extreme. One thing he says that I disagree with is never needing to use credit, but you can't build a credit score without any credit, which is kinda important?  |
If you never use credit, you don't "need" a credit score. Yes, there are things that may be more expensive if you don't have one, but there are also a lot of snakes in the debt basket.
The secret is to not have a bad credit score. A full lack of a credit score is not considered bad in situations where you aren't trying to borrow money.
I have an excellent credit score but carry zero debt, including having paid off our mortgage (our only debt) 5 years ago. Frankly, I have no idea why.