Quote:
Originally Posted by maat55
I'm confused as to why so many people worship oh Fico God. I have no idea what my credit score is and don't care. I carry two CC's for gas purchases and PIF, then a mortgage I pay on time, and that's it. I'll bet anyone a dollar, I could sell my house and buy another one at the best rate available. I bet anyone a dollar I can get a loan on a car at the best rate available also, except I pay cash for cars now.
Just my, WHY THE HELL DO YOU CARE ABOUT FICO rant. Good money management, will beat fico any day of the week.
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True, but the poster was asking about whether or not to take savings to pay off a credit card. There are many reasons why this is a good move, and FICO score is only one such reason. I don't worship the credit score but it is a fact of life in our society so it should be taken into account when making financial decisions. In this case it happens to be on the same side as you (paying off debt), so I'm not sure what you are arguing against.