FICO Score Matters: Sorry, Dave Ramsey

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I’ve never spent much time trying to understand my FICO score.  I guess I’ve always just accepted Dave Ramsey’s sentiment that FICO is evil.  However, the truth is that your credit score does matter, and I believe it will become more important in the future.

Bad Advice: Borrow Money To Improve Your FICO Score

This is the type of advice that people like Dave Ramsey hate.  And, rightfully so.  There are so many people who suggest making bad financial decisions just to increase your score.

One of the worst pieces of financial advice I have ever received was when I was told to get a credit card, buy something, and take several months to pay off the balance.  I was told this would help me build credit.  This, my friends, is a bad idea.  Don’t financially cripple yourself just for the sake of a credit score.

Nevertheless, FICO does matter.

Why Is Your FICO Score Important?

The FICO score is increasingly becoming a gauge of personal responsibility in all areas of life, not just finances.  Crazy, I know.  But that is a fact.

Thus, to completely ignore your credit score is like a teacher giving you list of things to prepare for on an upcoming test, and you ignore the paper because you don’t want to play by the teacher’s rules.

FICO, like so many other things, helps those who play by the rules and hurts those who don’t.

Dave Ramsey frequently says the FICO score is an I love debt score.  However, I only have a house loan, and yet a banker told me I have a ‘good FICO score’.  You do not need to have debt to have a good credit score.

It is more accurate to say that it is a measurement of your interaction with debt related products.  If you use such products responsibly, then your score increases.  If you use those products irresponsibly, your score goes down.

Here is a good article that explains 5 Ways to Improve Your Credit Score Fast.

Sorry Dave Ramsey, I think FICO matters.

FICO Score and Insurance: Case and Point

A common criticism on Dave Ramsey’s stance of the credit score is the fact that the FICO score is becoming a major factor in your auto insurance and home owner’s insurance premiums.  This is the insurance credit rating or insurance bureau score.  Your score is different than your FICO score, but you would improve your insurance credit rating the same way as your FICO score.

Insurance companies can and do use your credit rating for two factors:

  1. Rating – obviously your rating is the biggest factor for your premiums.
  2. Underwriting – after evaluating your credit score, a company can decide if they want to underwrite your policy.

Dave Ramsey’s advice?  If an insurance company uses a credit score then get a new insurance company and thereby ‘stick it to the man’.  However, as this becomes increasingly a more common way to evaluate premiums, finding another company becomes more difficult.  In addition, anytime you limit your options (like using insurance companies that don’t rate base on FICO), you increase the chances that you will pay more in premiums.  However crazy it is, however unfair it is, however stupid it is, it is a fact – FICO score matters.  And, I believe it will matter more and more in the future.

FICO Score and the Mortgage: Dave Says Manual Underwrite

Dave Ramsey does acknowledge that many people will want to get a mortgage or refinance a mortgage.  He suggests finding a company that will manually underwrite.  This means they evaluate your financial actions manually.  This is opposed to the increasingly common way of looking only at your credit score.

Once again, the fact is that when you narrow your market, you are less likely to find a good deal.  In addition, hunting for a company that does the manual underwriting can be a hassle.

Is There A Responsible Way to Build Your Credit?

Here’s the kicker.  I think most people could improve their financial situation and their credit score at the same time. Do simple things like make your payments and reduce your debt payments.  Thus, when you pay off credit card debt your credit score increases.  Those are good for your finances and good for your credit score.

Here are some ways to improve your financial situation and your credit score:

  1. Be clear about your credit intentions.  I would never build credit just to borrow money (except for a house).  Maintain a good credit score simply so that you have access to perks like low insurance premiums and even the best credit cards.
  2. Build credit by interacting with debt, not using debt.  Pay off your credit card in full every month.
  3. Never spend more money just to build your credit.
  4. Always make your payments.

For many people, being responsible with their money will actually result in an increased credit score.

As a final reminder: I would never do anything financially detrimental or costly in order to improve my credit score.  The FICO score should always be an added benefit, never the motive for making a financial decision.  In other words, don’t obsess about the FICO score.

If you are interested in learning more about your own FICO score, visit myFICO (affiliate link).

Personally, I’ve never cared to know what my FICO score is – I don’t know, in fact.  However, I do use credit cards and and pay them off in full, so I’m assuming that I have a reasonable credit score.  Before buying a house, you will want to be sure that you have a good FICO score to help you get a lower interest rate.  Learn more about credit scores and credit reports.

What are you thoughts on Dave Ramsey and his stance on the FICO score?  Do you pay any attention to your FICO score?


  1. Cedric D'Hue says

    Hi Craig,

    Good topic and interesting perspective. To your first question: You have provided great practical applications. Dave is right when he says the FICO score is an I love debt score. I don’t believe the FICO score will matter more and more in the future. We are in the midst of difficult financial times, in part because of easy (way too easy) financial lending practices including score based lending (including FICO scores).

    Dave is right that underwriters need to do their job, not just look at a score. His example: Dave doesn’t have a FICO score, so he can’t rent an apartment (to your point of the increasing use of FICO scores for services outside of financial lending). However Dave is wealthy enough that he can buy the building. His example underscores the limitations associated with FICO scores.

    Also, if there are enough Daves out there the system will have to change. I suspect our country will trend away from number based lending (including FICO scores) at least for a generation.

    To your second question: we pay off our credit card transactions every month (never keep a balance). We have a mortgage which is our only debt (By the way, how is a mortgage not a debt? It is a securitized debt but it is still a debt.). I don’t check my FICO score. My wife and I are committed to never going deeper into debt. We would only check my FICO score if we had to incure more debt (ie. break our commitment).

    Thanks for asking.


      • says

        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.

  2. says


    Excellent article! I have the utmost respect for people that are patient and diligent enough to save for every purchase and therefore have no credit history and therefore a low score. I don’t think its fair that they are penalized when searching for insurance. Also, I believe some employers look at scores.

    Another example of a “broken” system. I don’t like the fact that this number (which I agree does matter) is based on MY information, yet I have to pay for it! We need some legislation that gives us access to our SCORE once a year from the 3 major bureaus….however, I digress!

  3. says

    There’s a part of me that tries very hard to understand the “Credit cards are evil” line of reasoning. I consider it a personal choice rather than an absolute.
    When Dave takes it to the next step and suggests what I consider to be an “off the grid” approach, I disagree.
    I’ve owned rental property. A credit report is part of the process, and when the realtor tells me the new tenant has a FICO higher than mine, that tenant is in. No score at all? Sorry, I wouldn’t even ask any questions, that’s a reject.
    Jobs are tough to come by. (duh) Is it really worth the risk to stand out as the applicant who, for whatever reason, has decided to be invisible from a credit standpoint?
    There are many cards out there with no fees at all. Get two cards, and alternate their use for gas purchases only. This seems to me to be the one place that cash isn’t going to have you spend less, you need to fill the tank, right? This small credit card use can ripple into having a decent credit score that may pay back in large savings over the years. I’m sorry, Dave is out of touch with reality on this one.
    .-= JoeTaxpayer´s last blog ..Farewell Aunt Sue =-.

  4. Arthur @ says

    it matters in the sense that the banks and perhaps other companies use it for various things… some of which I personally may not agree with.

    But If a person is debt free, does not borrow money, plans to never borrow again in their life, and they have a BIG emergency fund set aside to make sure they won’t ever borrow again, then who needs a FICO score?

    Personally, I don’t sit around worrying about mine. Could care less. I don’t lose any sleep over it. I don’t even know what mine is and don’t care to know.

  5. says

    “One of the worst pieces of financial advice I have ever received was when I was told to get a credit card, buy something, and take several months to pay off the balance.”

    Wow Craig, do you remember who told you that? That’s definitely NOT good advice. However, a good tip is not too far off from that piece of advice. Instead, to build credit, conventional wisdom would say to “get a credit card, buy something, and pay off the full balance when you receive your statement.” This is what I agree with.

    I do pay attention to my credit score, but only because if you use credit wisely and have a good score, then you can get some good benefits, such as card offers that give you cash back, airline miles, and other ways that can help your financial situation.

    @Lakita – I’m not sure if you’re aware of this site, but you can get a credit score for free from CreditKarma. It’s not just a free trial, and there are no strings attached. However, this isn’t your real FICO score. But they do get your score from TransUnion, one of the three credit bureaus.

  6. Pat says

    I am a landlord, and having talked to many other landlords, I can tell you that FICO scores do matter! Having no FICO score or a low one is limiting. I use a credit card for all my purchases and pay it off each month. No biggie. I have a great FICO score, and it opens doors of opportunity for me.

  7. says

    I’ve see you talk about this before Craig. I hear ya buddy, but I happen to agree with Dave Ramsey on this one. You do make some valid points, but it eventually comes down to what matters to you. I plan to buy our next house 100% cash down, never intend on borrowing another dime, owning a credit card, so I guess you can say I have decided not to play the game. The way I see it is if someone decides not to take my money because i don’t have a 3 digit number attached to it, then they lose out on the sale. If an insurance agent wants to charge me more for insurance because I do not want to partake in a flawed financial system that promotes debt as a way to prove myself, then it’s still worth paying a little bit more to stick to my principles and values. So be it.

    I know that’s so weird for someone to say but I just don’t buy into the idea that I need a credit score. You may want one and you can have one if you chose, but just like a new car, I don’t think people need them, they just want them. Enough people think it’s important so it becomes important because of demand increases. More people need request a new system, one that doesn’t require someone to go into debt in order to be seen as financially responsible.

    If people needed them then Dave Ramsey would not have been able to live the last 10 or so years without one. Am I right? He is in a better position so he is not affected, So my solution is to put myself in a better position so I don’t “need” a credit score. I like that solution better. :)

    I saw that someone said something about this being a choice. They’re right. A person should also have the right to chose not using debt and still be seen as responsible by society. It’s a flawed system that people accept because it looks like the only way.

    I refuse to participate. :)

    God Bless you Craig! I had to comment on this one buddy. :D
    .-= Brad Chaffee´s last blog ..Great Financial Advice From The In-Flight Safety Handbook =-.

  8. says

    Insightful (and inciteful? ;-) ) thoughts, Craig, and I agree. My wife and I have no debt other than our mortgage and we pay a substantial amount extra to the principle each month. We use our credit card a lot and pay off the balance each month. Our FICO score is very good and comes in handy, especially with insurance rates. Companies using FICO scores is simply a reality. We may not like it, but that’s the way it is and will probably become more so. I love Dave Ramsey’s advice, but I think he takes the eschewing of having a good FICO score too far.

    I was wondering, and maybe you can clear this up, but is one’s FICO score also based upon paying bills such as utilities? I was surprised some time back to check our credit rating and find that our paying such bills was recorded. If that is the case, how does someone not have a FICO score, or am I confusing things?

  9. says

    An interesting discussion as always! I agree with Cedric (above) on most of his points. I have been debt free for a couple years and last fall purchased my first home (15 year fixed of course). Although I was in great financial condition I had several lenders try to push me into more expensive products because I didn’t have a credit score. I did my homework and found an excellent local lender that got me a better deal then all of them.

    A FICO score matters if you let it matter. I strongly disagree with the FICO system and more so how it’s been used to grade us for all types of things (like most of y’all mentioned). I can either go along with it and complain or I can be different!
    .-= Deacon Bradley´s last blog ..My PayPal Digital Envelope =-.

  10. Gholmes says

    A zero FICO would be marvelous as that means I conquered paying off my house. When I stopped using credit cards people warned I would never rent a car, travel, etc. That wasnt the case and I hope when I get to the point of no mortgage folks will be wrong about the FICO score being important (Sorry Craig, I’m hoping you are incorrect).

    What a great experiment to try it for a couple of years of no FICO and see if begets financial ruin.

  11. says

    I’m sticking with my first assumption on this one – FICO is not an I loved debt score. I say this because in they eyes of FICO I have not had any debt all for four years. (I have a home mortgage from individuals – long story – and this does not show up on the grid of any credit scores). However, I’m told I have a good credit score. How, can I have zero debt and a credit score if it is an I love debt score?
    It is because I use a credit card and pay it off in full. That is interacting with a debt related product.
    Perhaps Dave is right that underwriters “need to do their job”, but the point of this article is that many do not. Like it or not. Sure, Dave can buy the whole building, but I can’t. I probably won’t ever be able to and I don’t think the average person can.
    Personally, I think this is the biggest Dave Ramsey teaching that people disagree with. They like to keep a credit card to maintain a good score. The system will not respond, IMO, to a small pocket of people who strictly follow the Ramsey system.
    Like you, I also don’t know my credit score. I’m not enamored with it, but I’m still willing to say it does matter.
    I loved your comment and I think you and I are on the same page with this one. Also, I appreciate your rental perspective on this one.
    You are proof of what this article says – the score does matter. What does not matter is how I feel about it.
    If I want to have a 0 score then that is fine. But, I still have to admit that it does negatively impact me in some ways.
    If I were a multimillionaire and was willing to pay more for items (potentially) like insurance and I was going to pay cash for every house then you are right – it doesn’t matter. I’m not in that position so I guess FICO does impact me.
    I do remember who gave me the advice. I remember every detail like it was yesterday. I just didn’t want to call him out since he is still a good friend.
    I’m with you on paying off the balance in full. That is what I do and I figure if that is all I need to do to maintain a good credit score then I’m all for it.
    Thanks for the tip on CreditKarma.
    Thanks for your comment. I’ve never heard of employers looking at scores. Is that legal? I hope that is not true.
    I’m not a fan of the FICO system, but if using a credit card (paying off the balance in full) makes me a team player then sign me up.
    Thanks for your personal perspective. Glad to have validation that this is not theory, but reality.
    Thanks so much for your comment.
    I certainly don’t think anyone is off base if they are going to go with the 100% cash for the rest of their lives. In fact it’s an awesome idea. I’m moving in that direction, but I’m probably 10-15 years away from being at a point that I’ll be at a point where every house I buy is with cash. In the meantime, I’ll use a credit card (paying the balance off in full) to maintain a good credit score.
    As I mentioned @Cedric you don’t need to have debt to have a FICO score. I don’t think one must “partake in a flawed financial system” to have a good score. In fact, like I mentioned in the article, I think many people would improve their credit score by being financially responsible.
    Unfortunately, I’m afraid more and more organization are going to start looking at FICO (and no I don’t like the idea either).
    Joe and Pat have both proved that what I like (and you) doesn’t matter. The fact is if I had a bad credit score I couldn’t rent from them. That might mean I pay more for the guy down the road. For me I’d rather have a credit card and a cheaper place to live.
    Brad, I don’t think people need a FICO score. I think if they can make minor changes to maintain a FICO score then why not? Personally I think Dave Ramsey is an exception not a rule. I’m guessing he has a higher than average income than the average American. Not everyone can do what Dave has done.
    I 100% agree that people should have a CHOICE. But, the reality is that they don’t.
    Thanks again for showing us an example of being financially responsible and having a good FICO score.
    I’m honestly not sure how utilities and such impact your FICO score. Anyone know? If someone doesn’t leave a comment on this I’ll get back after some research.
    I guess we could say that not having a credit score as an inconvenience. Some are willing to deal with the inconvenience out of principle. Others, just play by the rules. I don’t think either is a bad plan as long as you do financially smart things and play by the rules.
    Thanks for some awesome comments. FYI I sleep during your day since it is an 18 hour time difference between North American and PNG. Sorry, I didn’t reply or approve comments sooner. I loved reading your opinions.
    I hope I’m wrong too.

    • says

      If you are debt free and continue to use a credit card (pay off in full) you will have a good credit score. If you are in debt and have been struggling to make your payments and start making your payments you will improve your credit score. While the credit score is not the motive I think in general it does reward those who are responsible with money. The rare exception is those with no credit cards and no debts – very responsible, but poor credit scores.
      I also don’t think anyone should pay interest just to get a FICO score. Like I said in the post good financial choices come first and FICO implications second. People who are debt free can have a good credit score so it is not a one or the other choice you can have both.

  12. says

    I have a hard time wanting to pay interest just to have a FICO score. Unfortunately, you may pay a little more for insurance if you don’t happen to have a good FICO score. Other than that, live debt free!

  13. says

    Very true. Dave Ramsey does state to not worry about your FICO score. However, I would say for those that want to become a first time home buyer, it is vital that you have a good store. The odds of someone paying for a house in full are very unlikely. So, in that case, you are going to need a good FICO score.

  14. says

    Great thread–sorry I wasn’t able to weigh in on it sooner!

    I have to agree with Brad here, in agreeing with Dave Ramsey on FICO’s as an “I love debt score”. People who see debt as a useful tool tend to fixate on credit scores and obsess on gaming their credit to increase their scores. After two decades working in the credit industry I can’t/won’t be a part of that exercise. We all have far more important things to do with our time, and with our finances.

    CREDIT is important–that is as in paying our bills on time and not getting overextended, and it always has been. CREDIT SCORES have turned credit into a “mines’ better than yours” game, which I think is mostly an outgrowth of a hyper competitive culture. None of us need to be wrapped in that any more than we already are.

    Now let me step up to the edge of the deep end here…

    The book of Revelation says that just before the Second Coming, we will each be assigned a number, imprinted on our hands and/or foreheads. As believers, we tend to look for the literal manifestation of this event, for some Third Reich type of agency to carry this out in diabolical fashion. But isn’t that what’s already happening? We can’t “buy, sell, or trade” without a number, be it a social security number, credit score, account number, whatever.

    Often, we’re even unable to speak with an entity we’ve been doing business with for years until we first supply our account number. Is that absurd–your name is less important than a number someone assigns to you!

    While we’re busy waiting to be assigned A number, in fact we already have several. Prophesy fulfilled?

    As believers, we’ve been warned, and perhaps we shouldn’t be so OK with it all. We can’t avoid it entirely, but shouldn’t we be conciously working to minimize our involvement and dependence?

    ( I said I was stepping up to the edge…)
    .-= Kevin@OutOfY0urRut´s last blog ..Should You Use Retirement Savings to Pay Off Debt? =-.

    • says

      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

  15. Pat says

    Kevin, no, it’s really not absurd that you need to provide an account number in order to talk to most entities. There are several reasons for this. The main (and most obvious) reason is that names are not unique. Another reason is that it deters someone from taking action on someone else’s account. It provides a clean, no mistakes method of identification for companies that have thousands or hundreds of thousands of customers.

    On another vein, I don’t understand the correlation between working toward a good FICO score and ‘I love debt’, as Dave Ramsey says. I don’t owe a dime to anyone, except for utilities such as power, phone, etc, and I have a great FICO score. Just because someone uses a credit card does not mean that they are in debt. If a person pays off their credit card at the end of each month, there’s no difference between that and paying for power after using the power, water after using the water, etc. So if that few days/weeks of a credit card balance count as ‘debt’, then certainly so does the power bill, water bill, etc.

  16. Deborah says

    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.

  17. says

    “to completely ignore your credit score is like a teacher giving you list of things to prepare for on an upcoming test, and you ignore the paper because you don’t want to play by the teacher’s rules.”

    What if the teachers rules are wrong? The article suggests we should play along anyway because it will be easier for us. I don’t live life according to those rules.

  18. says

    I personally agree with most of what Dave Ramsey teaches. For example: the debt snowball actually works pretty well. The problem is that he teaches financial responsibility while at the same time telling folks that they aren’t responsible enough to pay off their credit card every month in order to maintain a healthy FICO score. Once you become responsible with your finances it’s easy to use a credit card in moderation without getting in trouble.

  19. says

    Credit scores matter for people who want to live inside the box banks have created for them. There is nothing wrong with that. For those who see the error and choose to live outside that system there will be challenges, of course, but choosing to face those challenges head on gives comfort of mind, regardless of hassle, that comes from living out a personal philosophy of what is right and important, rather than what the banks believe is right and important.

    Never be afraid to think *and live* outside the box, and never feel like you need to apologize when you do.

    • says

      I mostly agree with you.
      I would say that credit scores matter for people who want to live inside the box. However, it’s not just a box banks create. It’s a measurement that banks use, cell phone companies, employers, and landlords.
      Yes, anyone is welcome to buck any system and deal with the consequences.
      I wouldn’t say that ignoring your credit score is thinking and living outside the box in any significant way. I do encourage people to find a dream and pursue it – even if that dream is outside of conventional wisdom. But, for credit scores, I’d say if it doesn’t hurt your personal finances then why not do what makes your life simpler.

  20. Irene says

    I think Dave has a great point. There is such an industry revolving around fico and credit scores. I now have some personal experience. I accrued a six figure credit card debt and am now in a position to pay it off. But why?

    The debt is 14 months old and was sold to collection companies, then again to some sort of wall street debt stock. I would, and did, pay my debts to individuals. But paying off this debt will apparently not improve my credit score.

    My fico is rapidly improving. I established an LLC and have a credit line there. I have a car loan which I prepay so the vehicle cannot be repossessed and it ups the score. I do have one remaining card, current, for a department store. I just applied for a couple of new cards that I can pay off every month.

    I went from a score of 790 to 570 in a few months. And it is going up fast. It didn’t really matter. I don’t own anything so what’s the harm I am just posting this to perhaps help responsible people from giving up hope. Don’t stress, it is temporary.

  21. Lara says

    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?

  22. Richard says

    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..
    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…

  23. Todd says

    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)

  24. teresa says

    Another lie they tell you. I have a Fico Score over 800 I still got denied for NFL Credit Card. Another number that doesn’t matter.

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    and can look out for a lot more of your respective fascinating content.
    Makke sure you update thi again soon.

  26. Jay says

    FICO is one of the greatest brainwashing tools of the past few generations. People (and I know this because I teach finance at university) actually view their FICO score as a financial management tool, which automatically implies that they accept the use of debt. It’s quite simple, when you have money you don’t need a credit score. I have also been a landlord and felt much better about a tenant who could drop 1st and last month rent and security deposit without blinking an eye because they had money than the person who wants to negotiate those costs with me and has a great FICO score….and no money. FICO is an incredible scam, created by the financial lending industry and used by them to keep you in the game. Cash talks very loudly. You can pre-pay a full year insurance premium and they become very open to giving you a good rate. When you believe you NEED FICO, you’ve been brainwashed. Sorry.

  27. Mike Arienti says

    Ramsey is correct. Your FICO score tells merchants and creditors how much you use credit cards. Credit cards are a scam, and a big reason why people get in and stay in debt. Every store on Eath takes money, so why go into debt?

  28. says

    These loans are revolving and usually use a lower interest.
    Its well-linked infrastructure and a robust economy made corporate houses
    create businesses here. They usually need not wait
    to get a committee in order to meet to go over your loan.

  29. says

    I like Dave Ramsey and understand his points. However, good credit is needed to get a cell phone, mortgage, rent a car, get a job, and get cheap insurance. People need to learn to pay their bills. It is unbelievable how some people can expect to use credit, buy whatever they want, and expect not to repay it. The purpose of credit is to tell business officials whether or not the consumer will repay them. If Dave was running a business and granting loans, how is he supposed to know whether or not the person is going to repay him?

  30. Josiah Kloster says

    Basically what you are saying is FICO scores are good. And in order to have Fico scores, you need debt. So apparently debt is good? But here’s a strange thought… don’t go into debt in the first place. To me, it sounds like you believe you are beating the credit industry, but you aren’t. I honestly think if you believe that, and that FICO scores are good, you need to reevaluate being a financial advisor… at least in this case.

  31. Murray says

    Apologies first – I didn’t read through all the comments as I don’t really have time at the moment.

    What I do want to say though is that I think Dave desires for everyone to follow his advice and get rid of credit cards and other consumer debt instruments completely. Then industries would be forced to come up with a better tool for assessing the responsibility of people and FICO would be seen for what it really is – a bad joke. If you are playing with debt, yes, you can have a high FICO score, but you are still enslaved to the banks and creditors though and they already have too much influence in our great nation.

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