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Author: Windowseat Big funky green star, 20000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311082  
Subject: Re: FICO = 0 Date: 2/23/2014 12:56 AM
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I don't see what the big deal is. It's quite possible to be debt free, still have credit cards AND a FICO score north of 800.

That's how I live, and so do many others. What I thought interesting was the idea of living without any kind of credit whatsoever. No cards, no car loan, no mortgage. Nothing. I regard credit cards as a way of avoiding carrying large amounts of cash around with me.

It sounds like some of the people were "creditoholics" who have to deal with credit the way a recovering alcoholic deals with alcohol - avoid it altogether. If you've had credit cards for decades and never paid a lick of interest, you're probably not addicted.

Years ago I was visiting a friend. She was staying with her mother while the mother recovered from hip surgery, and I went down to visit. She wanted to buy her son a birthday present, and after she settled on something she discovered that the shop owner didn't accept out-of-state checks. And she didn't have a credit card. So I put it on my credit card and she wrote me a check.

She said she had discovered that she regarded credit cards as "Magic Money." She couldn't use them just to save carrying cash, but lost her head. So she stopped using them.

Agreed : probably many people who do without credit had the same problem. But in some cases it sounded as though people just wanted to live off the radar.

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