What is in a Fico Score?

Dave Ramsey says to not worry about fico scores.

I work in the financial industry and I cannot help but wonder about ours. We recently pulled ours and were not so happy with the outcome.

It’s another incentive to work harder and pay off our balances. I like most of what Dave says but he says you don’t need a fico score.

His reasoning is that you don’t need a score since you won’t be borrowing money. I agree with this statement however, if I had had bad credit when I got my job I would possibly have not gotten it.

I think our goal should be to get everything paid off and watch our score go back up. In order to keep our credit we might have to consider having a LOC at our credit union or a credit card that we have to pay off at the end of every month.

Wouldn’t that be a great feeling to pay off our credit card every month? We can’t wait to get there.

Written by

robin@brokefamily.com