Comments on: FICO Score Matters: Sorry, Dave Ramsey

By: 12 Factors that Affect Your Home Insurance Rates

12 Factors that Affect Your Home Insurance Rates — Tue, 22 Jun 2010 15:19:11 +0000

[...] credit score does matter when it comes to house insurance rates. Hey, I’m one of these folks that thinks that is a [...]

By: Craig

Craig — Thu, 17 Jun 2010 20:48:20 +0000

@Deborah
Your comment is in line with my post on the topic – http://www.moneyhelpforchristians.com/credit-card-fanaticism/

By: Deborah

Deborah — Thu, 17 Jun 2010 17:02:29 +0000

I agree completely with Pat’s statements and really like his comparison of convenience use of a credit card and utilities. Both are paid off after they have been used.

Dave Ramsey’s belief that credit = debt is an addict’s point of view. For an alcoholic there is no such thing as moderation or control in their use of alcohol. Likewise, for some people the use of credit always leads to debt. But just as not all of us are alcoholics, not all of us are compulsive users of credit. For those of us who aren’t, it’s easier to establish and maintain a good credit score – however inappropriate the use of that score by other entities might seem to be – than to spend the time, energy, and money dealing with not having one.

By: With Apologies to Dave Ramsey, One Size Doesn’t Always Fit All

With Apologies to Dave Ramsey, One Size Doesn’t Always Fit All — Mon, 05 Apr 2010 12:11:18 +0000

[...] helps with a home loan if manual underwriting is not available. A recommended read on the topic is FICO Scores Matter: Sorry, Dave Ramsey at Money Help for [...]

By: Carnival of Financial Planning – Edition #134 – March 26, 2010 | Dividend Tree

Fri, 26 Mar 2010 11:41:57 +0000

[...] Ford presents FICO Score Matters: Sorry, Dave Ramsey posted at Money Help For Christians, saying, “This article introduces some benefits of a good [...]

By: Craig

Craig — Mon, 15 Mar 2010 03:47:50 +0000

Kevin,
Thanks for answering this question. I’m glad I didn’t have to do the research.

By: Kevin@OutOfY0urRut

Kevin@OutOfY0urRut — Sun, 14 Mar 2010 23:43:01 +0000

Craig, I got so caught up dangling on the edge of Revelation that I forgot to address your utility question…

Utilities don’t affect your credit IF you pay on time–ironic I know. However, if you fail to pay, they can put a collection on your credit which will have a negative affect.
.-= Kevin@OutOfY0urRut´s last blog ..Should You Use Retirement Savings to Pay Off Debt? =-.

By: Craig

Craig — Sun, 14 Mar 2010 20:27:00 +0000

@TheDebtDarling
I completely agree.

By: Craig

Craig — Sun, 14 Mar 2010 20:12:37 +0000

@Pat
I agree about your statement regarding FICO scores. Those without any debt can have great FICO scores.

By: Craig

Craig — Sun, 14 Mar 2010 20:10:16 +0000

Kevin,
Sometimes a few thoughts from the ‘deep end’ help stimulate our thinking. Revelation is one wild monkey and untangling all the interpretations can be a hard thing to do.
As for the FICO score comments I feel like my comment replies are simply a broken record so I won’t repeat myself.
As always, thanks for your comment