About seven years ago, I reluctantly spent the $14.95 to obtain our credit score. At the time, with a mortgage still remaining on my list of debt obligations, we found our score to e in the low 800’s. Pretty amazing after we had paid off tons of debt in the years prior to that time.
Since then, I have not paid for a score. While I have no idea what the score would truly be, my guess is it would be significantly lower than the score in the spring of 2007.
Everyone today tells you that you MUST have a good, not necessarily GREAT, just a good credit score. Why? Because they want to keep you in debt!! The best way to keep you in debt to for you to have at least a good score. How do you keep that? Stay in debt.
Your credit score is no more that a quick assessment on your credit history and current status. So, you have to be in debt to have that good and even GREAT score.
When you finally realize that you are done with debt, you will begin to notice the credit score has a smaller grip on your life.
For most people, you are concerned about a mortgage. A potential refinance or new house purchase has you concerned about your score and your ability to borrow for that mortgage. Have you ever considered a manual underwriting mortgage company?