Comments on: FICO Score Matters: Sorry, Dave Ramsey

By: Craig Ford

Craig Ford — Wed, 25 Jan 2012 10:24:03 +0000

I would agree with Dave Ramsey that one shouldn’t invest a lot of energy in building a credit score that they don’t intend to use. However, the point of the article is that you cannot correctly ‘it doesn’t matter’. You can say I’ll avoid any products where FICO impacts the bottom line, but FICO has impacted how you live and the choices you make. Thus, it matters.

By: Suave Bill

Suave Bill — Wed, 25 Jan 2012 04:32:11 +0000

Don’t worship the Fico god. Dave is Right!!!!

By: Richard

Richard — Thu, 19 Jan 2012 06:45:05 +0000

You Borrowed the money pay it back PERIOD!

By: Craig Ford

Craig Ford — Thu, 19 Jan 2012 03:58:04 +0000

I don’t think that passage applies to auto insurance and auto insurance rates are impacted by FICO scores. As such, I do think FICO scores matter.

By: Todd

Todd — Tue, 17 Jan 2012 13:59:54 +0000

I thought this was “Money Help for Christians”? Proverbs 22:7 “The rich rule over the poor, and the borrower is slave to the lender.” (NIV)

By: Richard

Richard — Wed, 14 Dec 2011 22:13:27 +0000

Everyone CAN do as Dave suggest..but it takes time and FOCUS! Is the FICO set in stone? Sad to say yes.. You Need a GOOD FICO for Credit Purchases..
The REAL Object is to eliminate the need for Credit!!
FICO ONLY shows you buy on credit and pay on time.. It drops if your accomplishing that but going over 50% of your credit limit..humm
I / we have never made Big Money.. EVER! Never between the two of us , have we ever made even $100,000.00 in a year.. most often closer to a combined $65K..
We bought an Old …side by side two flat.. I renovated it inside and out.. to the bones… all new.. Then we rented out the other-side.. Over time.. we no longer were responsible for our mortgage payment.. etc etc etc . We bought a cottage on a lake.. Not The Taj !
It was small… it needed work ….I did it all myself… and we paid for it Cash.. One Check.!! Sold that and bought a home on a island in Mexico… again small …needed work…. I did it.. We paid with One Check.. WE didn’t fall for the … Get an Equity loan on our home to buy The Taj.. Scam… all in hopes of renting it out ( illegally mind you ) to pay the bills…
A few years ago .. It was time to replace the wife’s car.. we sat down and I suggested we buy a really nice car for her.. We had worked hard …saved ….invested and we ……..deserved it.. For Us it was a High End Car.. $35,000.00
My wife thought for a moment and then said..
I feel if we can afford that car ? We really need to Bump our giving up a few notches!!!
She was right.. That’s what we did ….except to say.. I bought her a USED Ford Taurus paid ? Cash.. Bumped up our giving.. Choices Choices Choices.. JOINT Communication as well..
Another BIBLICAL THOUGHT???
A Long Long Time ago… GOD said to Adam…Adam… your responsible for all I have given you here in the Garden.. hummm Among what was in the Garden was EVE!
That was Years and years ago that I digested that nugget. and took it to mean that even when I was gone.. I was to be responsible for “my” Eve… If I die today ? She will be comfortable for the rest of her life.. Its all in a Living Trust.. etc etc etc .. But I have No New Harley… No Plane I had been saving for.. 26′ Sloop NOT a 38′ Ketch.. and we are not playing the Insurance Game its all cash …hard earned and hard saved and in Guaranteed Growth Income Funds.. Take Responsibility for yourselves.. and your financial accounts..
I was well on my way to Financial Freedom long before I read Daves Book.. But Nothing is Off Base in that book.. Just a little of it is very hard to accomplish.. It takes Long Term Focus.. Few succeed because few want the goal bad enough…
Everything I ever accomplished took effort over a LONG period of time .. All Took “”Persistence and Consistency”"”.. Physically! I excelled where many others failed.. I was a Ski Instructor a MMA’s Instructor a Body Builder a Scuba Instructor.. I will soon be at age 61 ( Next year) a Sailing Instructor.. ALL TOOK P&C!
I am still and will forever be learning Scriptural Principles and I hope along the way practicing them to the benefit of Myself My Wife My Family and Others at large.. I am learning because I Go To Church.. I listen I take Notes I study My Bible and I Do Not Attend a Name It Claim it Church.. I do not look for Biblical Answers to Meet my preconceived wants needs and desires.. I want GODs Truths …..and ….as much as I hate to think of it.. when its necessary.. HIS Discipline…

By: Lara

Lara — Thu, 17 Feb 2011 20:34:54 +0000

Irene, that’s a nice, tidy little way for you to rationalize not paying back a debt you agreed to while you were out spending the banks money, but it doesn’t fly with a lot of us out here who take our responsibilities seriously. By not paying your debt, you effectively stole every single thing you purchased with those credit cards. Are you ok with theft?

By: Irene

Irene — Thu, 17 Feb 2011 20:09:58 +0000

Suckers. Cause the banks are so honorable lol.

By: Craig

Craig — Thu, 17 Feb 2011 19:56:56 +0000

Agreed.

By: Lara

Lara — Thu, 17 Feb 2011 17:47:03 +0000

Irene, how about paying off that debt because it’s the honorable thing to do?