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.
I agree that FICO is not important... So long as you are financially independent. Until that time, its importance is a reality.
ReplyDeleteCongrats on a near perfect score! I agree with you that FICO is important for some things. And you hit the nail on the head....RESPONSIBLE credit is key.
ReplyDeleteKeep up the GREAT work!