Comments on: The Credit Card Debate http://pfcreditcards.com/the-credit-card-debate/ Just another WordPress weblog Wed, 25 Jan 2012 03:56:32 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: dwhite2762 http://pfcreditcards.com/the-credit-card-debate/comment-page-1/#comment-4340 dwhite2762 Tue, 02 Mar 2010 23:14:11 +0000 http://pfcreditcards.com/?p=95#comment-4340 Ryan, the "Credit Score" that seems so important to some people is the biggest myth in our society. Your credit score can only be discovered if you pay for it, or if you are taking out a loan and the lender tells you what it is. So it is not Your credit score at all. Lenders can affect it by repeatedly making inquirys without your knowledge or written permission (although you can limit this). Everyone says that they are important, but bottom line, if you have very little debt, a large healthy savings and no defaults on your credit, lenders will make you the loan. We have become slaves to this idea of "scoring". It needs to stop. Ryan, the “Credit Score” that seems so important to some people is the biggest myth in our society. Your credit score can only be discovered if you pay for it, or if you are taking out a loan and the lender tells you what it is. So it is not Your credit score at all. Lenders can affect it by repeatedly making inquirys without your knowledge or written permission (although you can limit this). Everyone says that they are important, but bottom line, if you have very little debt, a large healthy savings and no defaults on your credit, lenders will make you the loan. We have become slaves to this idea of “scoring”. It needs to stop.

]]> By: Ryan @ SpendOnLife http://pfcreditcards.com/the-credit-card-debate/comment-page-1/#comment-1000 Ryan @ SpendOnLife Wed, 22 Apr 2009 14:27:55 +0000 http://pfcreditcards.com/?p=95#comment-1000 You're right on about responsible use of credit cards being the key to having success with them. An additional bullet point under the "loving credit cards" section would be that they play a major role in determining your credit score. Responsible use of revolving credit can lead to a lower score and the best interest rate possible for major loans on homes and cars. You’re right on about responsible use of credit cards being the key to having success with them.

An additional bullet point under the “loving credit cards” section would be that they play a major role in determining your credit score. Responsible use of revolving credit can lead to a lower score and the best interest rate possible for major loans on homes and cars.

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