2007-06-20 01:03:31 · 1 answers · asked by astring 1 in Education & Reference ➔ Standards & Testing
Because the FICA score is based on activity on your account, not how responsible you are to not carry a balance. If you are worried about finding a home-loan or a car-loan, there are lenders out there who will loan you money based on a collective look at your financial situation. I think you can find some good ones on www.daveramsey.com
He is a good financial guy who detests credit cards and shows you how to live without relying on them. He is a firm believer in paying cash, and he has a list of people who will provide loans that don't rely on a FICA score. In other words, don't judge yourself by your FICA score, because it is a number generated off of the use of credit, not personal responsibility. Dave Ramsey is a great encourager and will give you some good insight on how to view your finances.
2007-06-20 02:35:07 · answer #1 · answered by julie m 3 · 0⤊ 0⤋