Background: During the riskiest span of my life, financially, I used to have a 780+ score and an AMEX Gold (for about a decade, early 2000s); now I don't have any credit cards, my vehicles are entirely paid.
My Conclusion: Credit scores demonstrate ability to re-pay interest (i.e. lender profits); it is a score that demonstrates how profitable you might-could-be, not necessarily representative of fiscal wisdom.
Meditation: not caring about your credit worthiness is a fantastic approach to life, as long as you've already bought your house (or have alternate plans, not involving a mortgage).
alt Hacker News
Background: During the riskiest span of my life, financially, I used to have a 780+ score and an AMEX Gold (for about a decade, early 2000s); now I don't have any credit cards, my vehicles are entirely paid.
My Conclusion: Credit scores demonstrate ability to re-pay interest (i.e. lender profits); it is a score that demonstrates how profitable you might-could-be, not necessarily representative of fiscal wisdom.
Meditation: not caring about your credit worthiness is a fantastic approach to life, as long as you've already bought your house (or have alternate plans, not involving a mortgage).