General Discussion

ProdigalJunkMail

(12,017 posts)

12. do you have enough put away to NEVER end up in debt?

Tue Nov 26, 2013, 12:02 PM

Nov 2013

because, as I am sure you well know, it is the surprises and emergencies that put lots of people into debt. the problem with NO debt (and no positive history of credit) is that when that emergency comes, you get socked with much higher rates if you can get the 'loan' at all...

we keep a card balance... though minimal. we buy cars and big ticket items on credit and then pay them off promptly so that we 'cycle' our credit history while not getting screwed through interest payments.

sP

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

14 replies

= new reply since forum marked as read

Highlight:

Experian - What is Your State of Credit [View all] Agschmid Nov 2013 OP

I have no idea? PowerToThePeople Nov 2013 #1

It's likely you still have a credit score. Agschmid Nov 2013 #2

Best free place Old Codger Nov 2013 #3

Yes, You Actually Can Get Your Credit Score For Free (Here's How) pinboy3niner Nov 2013 #4

2nd person to recommend it. Agschmid Nov 2013 #5

I tried to sign up for CreditKarma, Art_from_Ark Nov 2013 #6

Do you know the + trick with your email address? Recursion Nov 2013 #7

Neat trick! Agschmid Nov 2013 #10

I have exactly NO credit of any stripe. cliffordu Nov 2013 #8

do you have enough put away to NEVER end up in debt? ProdigalJunkMail Nov 2013 #12

I don't know my credit score for certain, and I don't like all the questions SheilaT Nov 2013 #9

You should call and just ask for your interest rate to be lowered. Agschmid Nov 2013 #11

It's a high credit line, not a high interest rate. SheilaT Nov 2013 #13

Good! Agschmid Nov 2013 #14