Want to try something totally shocking, try not living in debt. Zero credit rating, nobody can steal your ID and borrow on it.
And, your free...
I’ve reverted to using cash for day-to-day purchases.
Yep. Went ot buy a Mercedes 12 years ago on credit.
They wanted to know how I had managed to live without any loans or redit cards, except the loan on a car from 20 years prior, which they noted I paid off early.
Told em I didn’t care for the interest and no one calls me for anything except donations or to sell me credit cards.
They offered me a lease with a serious amount if cash down. I laughed and told them having a mercedes isn’t that important. Besides, I could buy a new car for what they were asking.
Went down to Ford that afternoon and drove off with a new Taraus, cash, debt free....
Yes live debt free. It can be done and it brings freedom. Debt is a racket and those that engage in lending to create debt are unfortunately in control of a lot of people’s lives.
They keep a dossier on you even if you have no debt. If you have bank account, a phone, a utility bill, etc. They sell this info and they share it with government. They are a wing of Big Brother.
Its also anti-social and simplistic.
And, your free... ...to stand stranded at the effing airport because you can't rent a car to get to that business meeting.
living debt free and living without credit are not the same thing, and they don’t necessarily exclude the other. i am debt free but have a credit rating. i have cards i pay off every month.
The lack of borrowing doesn't mean you don't have a credit history, employment info, and a lot more held by the big 3 bureaus. You'd be pretty shocked how much they know about you - more then what's in your credit report. I know because I worked at one of them.
Doesn't work. My boss tried that and had trouble buying a car and a couple of other big ticket purchases. No credit rating (because of no debt), no sale!
Not wanting to be disrespectful but that's bs. Both my wife and I have had our ID's stolen with credit cards and loans having been taken out in our names without our knowledge. We are still trying to clear up the mess the thieves created. We are of the belief that we are to "owe no man nothing" as the scriptures say but when some sleazy creep becomes you and begins to use your ID to buy homes, cars, businesses or any other merchandise you, not him, are responsible for the debt. The authorities will hunt you down and charge you with all kinds of crime not the least of which is fraud. And they will throw you in jail.
Used to be you were innocent until proven guilty but with the current credit reporting agencies, IRS and the communists that have taken over our once great nation you are now guilty until you prove your innocence. It took my mother in law 2 and a half years to prove that she hadn't purchased and run a daycare center in San Diego. Some ID thief ran up $150,000 in debt in my mother in laws name then went back to Mexico before anyone knew what was going on.
Don't be deceived. The three credit reporting agencies collect every scrap of data they can get their creepy little hands on. They don't verify s*** then they sell that s*** to anyone dumb enough to pay them for the bogus information. And please... Don't anyone try to tell me that all you have to do is XYZ and it will all be cleared up. The credit reporting agencies may pull something off your report but six months later it will return or.... The will leave the claim against you to stand with whatever rebuttal you may submit to them still on your report. Remember... They get paid for every byte of data, true or not, that they can produce on you.
The problems with the credit reporting agencies and their unwillingness to check and verify what they are selling caused my wife and I, former property managers, to stop using their services. We would get applications from people wanting to either rent or to buy a property, pull their credit reports and then check out the data. Nine times out of ten, after doing our own research with the data the applicants provided (i.e. - Job history, place of residence, banking information, etc.) and the data the big three credit reporting agencies provided we found that it was more cost effective to dump the credit bureaus and do our own checking. We also found that we ended up with better buyers and tenants by NOT using the credit bureaus....
Forgive me. I don't mean to get started and to rant like this. I seriously could go on all day about the credit agencies and their fraudulent system and the dangers they pose to you and everyone else in this country.