Do you prefer no credit and no debts or good credit and lots of debt?

Answers:2   |   LastUpdateAt:2012-11-02 10:13:02  

Asked at 2012-09-24 12:04:02
A bit of my credit history .... I have 52 years and have never had a credit card such as VISA , etc , or even a store card charging , such as Sears , JC Pennys , etc , make the fact that I've always been a worker jobs not pay much above minimum wage , and was raised by parents who believed in the old ways , if desired, save and buy it with cash . MedlinePlus MedlinePlus My last payment of the loan , in fact, the last loan I ever had was in 1991 , a vehicle loan . I always buy older used cars with cash today as they have done in recent years . Anyway , to make a long story short I recently had a company run a credit check on me through one of the three major credit reporting agencies , and I have a credit score of : 360 - Reason for low score appears as : Insufficient Credit History . MedlinePlus MedlinePlus I have no debts , except the monthly rent and utility bills , and loans to 52 years , but I wonder what the majority feels about this, is to have a good credit score and debt better, or prefer a low score and be debt free ?
Answer1DariusAnswered at 2012-09-29 00:55:03
Since I managed to live without a credit card , so why start now? However, I have a credit card in case of emergency . The main issue Visa and MasterCard , when it was created around 1966 with its limit of $ 5,000 compared to dept store limits of $ 300.
Answer2irshaAnswered at 2012-10-14 03:29:21
You should write a book . Maybe knock some sense into these kids in debt. MedlinePlus Any credit check are indicated in the reports and not focus on a 3-digit number . MedlinePlus They will see that you have been living for decades in debt free and admire you . MedlinePlus MedlinePlus I have a credit card to pay in full each month, just to keep the credit. MedlinePlus In case you need it. MedlinePlus By paying in full and never pay interest credit keep alive.
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