SonyaQueue

2 Contributions 7 People Helped

Member Since: June 2013

Most Helpful Contribution

Trends by Age

Aug 03, 2013
Helpful to 6 out of 7 people

I couldn't disagree more. Maybe if you can't handle having credit and always feel the need to max out every loan you ever get, you should live debt free. But for most people living debt free lowers thier standard of living unnecessarily. Are you saying a person should live in an apartment while they save up all the money to buy a house for thirty years, rather than taking out a mortgage and living in the house the whole time? That's just silly. If you aren't an alcoholic, there is no reason not to enjoy alcohol occasionally and in moderation. The same is true of debt. If you can handle it responsibly, then you should enjoy the perks of the modern credit system.

Activity (2 Total Contributions)

Trends by Age

Aug 03, 2013
Helpful to 6 out of 7 people

I couldn't disagree more. Maybe if you can't handle having credit and always feel the need to max out every loan you ever get, you should live debt free. But for most people living debt free lowers thier standard of living unnecessarily. Are you saying a person should live in an apartment while they save up all the money to buy a house for thirty years, rather than taking out a mortgage and living in the house the whole time? That's just silly. If you aren't an alcoholic, there is no reason not to enjoy alcohol occasionally and in moderation. The same is true of debt. If you can handle it responsibly, then you should enjoy the perks of the modern credit system.

A guide to Credit Karma's free credit scores

Jul 22, 2013
Helpful to 1 out of 1 people

I agree with what everybody's saying, but I don't think that your credit score has anything to do with your ability to repay debt. Its about corrolating statistics to help lenders know whether they ought to lend to you. If you're a borrower who never pays interest because you always pay your debt 100% on time, then what use are you to them? They want to make money! I don't claim to fully understand the system, but I think the reason credit scores seem to be so illogical is they don't measure what everybody thinks they ought to measure.