You’ve heard the phrase “Bad Credit, No Credit, No Problem!” countless times, haven’t you? But I bet you never thought I’d agree that it is a true statement, did you? If you have bad credit or no credit, it really is no problem because you don’t need credit to survive. Your FICO Score does not define you. You are worth more than the money you can borrow. Don’t let your existence be like the schoolboy who passes FICO (his beloved sweetheart) a note to ask if she likes him. We aren’t in elementary school anymore. As Americans, we have been fed the lie that our self-worth is based on what we do for a living and how much stuff we can accumulate. Today I’m going to give a sermon encourage you as to why this is simply untrue. I wrote a post about this a while back, but I think there is much more to the discussion.
I want us to dig deeper into why it is or is not important to have good credit (or any credit at all). Beyond having the easy ability to borrow money (which I believe is a bad thing), there are only a few of potentially viable reasons for worrying with your credit score: [Read more…]