Ditto that. When I bought my house recently, the guy working with my wife and I dropped his pen and gawped when he saw our scores. The meeting - which started out as a bit contentious as we were making a serious upgrade over the current house - went smooth as silk from that point forward.
There are always ways to get around things, but good credit just makes stuff so much easier.
Some of us have no credit history. *sigh*. Hard to explain, yes, we do pay cash for most everything.
What’s pretty funny about mine is that my credit absolutely SUCKED about 6 or 7 years ago. I distinctly remember the phone call with the last collection agency on the last loan confirming that I would get all the paperwork I needed to ensure it was considered paid in full.
Interestingly, I had a great relationship with them and actually dropped by their office to shake the guys hand and give that last check. I was shocked that their offices were sort of hidden and when I did find them their door was extremely secure and they would not let me in. But I realized why it was set up that way. :-p
And along with that I had not filled out an income tax return in four years. I ended up paying uncle sam an additional $900 a month for well over a year back then.
The Lord ALWAYS took care of us though. As bills went up, so did income, and vice versa.