Debt is just another name for indentured servitude. The credit rating is just a score of how good a slave you are to big bank. Honestly, if you have no debt, stay that way. I don't care about my credit rating, it means nothing really. Now that illegals can get free houses here and there, u might be better off walking across the border, and getting a free one aswell.
Yeah, I use banks they don't use me anymore and haven't for a long time. Howso? I have gotten several thousands of Welcome Bonuses on Credit Cards all of which were at 0% APR, and I diligently paid off all that debt before the 0 % APR term was completed. The banks made zero off of me, and they ate the inflation too. I purchased assets, not junk I didn't need.
Only Debt I have is for dental work and that is at 0% APR for another 15 Months, 2% Cashback and came with a Welcome Bonus too (Very modest one)
But yeah, for most people using credit can be bad. I'm in a unique position due to pre-covid decisions I made (Poor ones) and have no assets for creditors to seize and Social Security is protected from Creditors as long as you don't let it pile up in the bank.
The banks know almost everyone will go apeshit crazy with credit and the interest rates are outrageous!
My current situation is that I have run out of CC with 0% APR and welcome Bonuses too. Master Card dislikes me and I have mostly other Brands. I'm probably going to cancel a few cards to be eligible for welcome bonuses again on down the road. I'd lived abroad and didn't use CC and several cards closed my account. I was pissed until I returned to the USA and got new cards with new welcome bonuses from those banks...
Debt is just another name for indentured servitude. The credit rating is just a score of how good a slave you are to big bank. Honestly, if you have no debt, stay that way. I don't care about my credit rating, it means nothing really. Now that illegals can get free houses here and there, u might be better off walking across the border, and getting a free one aswell.
Yeah, I use banks they don't use me anymore and haven't for a long time. Howso? I have gotten several thousands of Welcome Bonuses on Credit Cards all of which were at 0% APR, and I diligently paid off all that debt before the 0 % APR term was completed. The banks made zero off of me, and they ate the inflation too. I purchased assets, not junk I didn't need.
Only Debt I have is for dental work and that is at 0% APR for another 15 Months, 2% Cashback and came with a Welcome Bonus too (Very modest one)
But yeah, for most people using credit can be bad. I'm in a unique position due to pre-covid decisions I made (Poor ones) and have no assets for creditors to seize and Social Security is protected from Creditors as long as you don't let it pile up in the bank.
The banks know almost everyone will go apeshit crazy with credit and the interest rates are outrageous!
My current situation is that I have run out of CC with 0% APR and welcome Bonuses too. Master Card dislikes me and I have mostly other Brands. I'm probably going to cancel a few cards to be eligible for welcome bonuses again on down the road. I'd lived abroad and didn't use CC and several cards closed my account. I was pissed until I returned to the USA and got new cards with new welcome bonuses from those banks...