Quote:
Quote by: tivodan1116  Just so you know, you might want to seek some yourself. Carrying no balance on your credit cards actually makes you look less favorable to a lot of lenders (because they make no money on you). I prefer to carry a small balance on a couple of low-interest credit cards (less than $200) because I see the cost of that interest as buying me a higher credit score/rating.
Of course, carrying a very large debt load will lower your credit score faster than anything.
In terms of credit/money philosophy, I tend to listen to Suze Orman. And her philosophy is that debt is not inherently bad, just as saving is not inherently good. The totality of the situation is what's important. |
Quote:
|
Just so you know, you might want to seek some yourself.
|
I know what you are saying but I have no problem whatsoever in credit, finance or in money management. I didn't say I didn't carry any debt. Just no credit card debt. My net worth usually gets me what I desire. I do not pretend to offer anyone any advice because everyone's case is individual and different. No offense, and with all due respect, you don't need to tell me to seek financial advice because I have done rather well for myself so far in my 55 years. I work independently, own my own business, have a very strong annual income, and a very respectable net worth. I guess I am doing something right.