Wednesday, October 28, 2009
FICO 781 - and payday is coming...all great news!
We pulled our credit reports for our annual check up and were surprised to see that we had a FICO of 781. And, while some folks focus on this..I look at the bottom line of our credit owed for our standing on credit. To me, it's not any ratio's or debt to credit numbers...it is really how much do you make (income) and spend (expenses) and if there is a negative difference in the two, why are you spending more than that? That's called CREDIT!
I have to say, I differ a little with Dave Ramsey in that I do believe a FICO is important. In some fields of work, pulling your credit to ensure you are not a financial risk to the corporation is a norm. And, let's face it..until we are self-funded multi-millionaires, responsible credit will be a part of our lives.