Credit Is Required To Live In Society?

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[sf]

It is true freedom as well. When we buy something, that's it. No bill coming at the end of the month. Debt free is more than a money win, it's a spiritual mental emotional liberation win. Love you guys, keep up the great work!!! And, thank you!

[XxGxXBloodshot]

I got my first credit card at 18 and used it to start a small business. Never held a balance and now cash flowing all expenses. Credit cards are awesome if you can finesse and are disciplined.

[ryanv.]

For most people, you need to cut your credit cards because you are not disciplined enough to live below your means and pay off your credit card every month. For a small percentage of disciplined credit card users like me, I pay off my credit card balance every month and I take advantage of rewards.

[FrankS]

If you don’t carry a balance it DEFINITELY makes life easier. Period

[minnesotachris]

I haven't swiped a credit card in over 10 years now. Still have a mortgage (only a mortgage) so I still have a credit score. I don't miss credit cards at all!

[jcrowley]

You WILL pay higher insurance premiums without a credit score. Even if you never borrow money, this alone is why you should at least autopay one small bill on a card to have a score . Its not hard and theres no need to disadvantage yourself over something so easy

Personally, insurance companies are jerks for doing this but at least it's not hard to play their game

[gaylathrom]

I have an excellent credit score. I carry zero balances. A good credit score can be a curse because you can obtain a bunch of high interest credit cards and become a caller in this show.

[loveyourneighbor]

I understand all of this but I will continue to use my credit card. I use it in place of my debit card, roll the 1.5--3% cash back on to the balance and pay it off every month. I DO NOT carry a balance. I pay it off each month. I've been doing this for years and it works for me.

[chinchillasrule]

Girl looks great with her hair like that!

[cnh]

Only thing I don’t agree about with Ramsey. It IS for sure harder to not have credit or a card. Just be responsible…

[trainboy]

Our car insurance charges more if you don’t have a certain score.

[TMPS]

People aren't arguing with the Ramsey team that it is impossible, it is more-so that there are a bunch of extra steps and hassle involved on the consumer's side.

[tracym]

This show has a point with credit cards but manual underwriting for a mortage is a good way to overpay on your loan.

[joshuawilliams]

It depends on your lifestyle, I am an overseas contractor and I have to have access to a CC. Many of my debit transactions just don't work in the region I work in. Also if you travel A LOT I really advise having a CC

[ESPdigiartist]

As a victim of domestic violence comparing debt to a violence abuser is not only not over a line but it's 100% accurate.

[denesecardwell]

My credit score did not go to zero until I closed my credit cards. They had a zero balance but my score wasn't dropping after I paid off my home. Once I closed all of the credit cards it went to zero pretty quick.

[VeeAlee]

I like how casually they state living without a credit score is easy it just certain things will just cost more. 😂 i am like sir and ma'am the whole reason of me getting out of debt was to get my cost of living down.

I will say this. Things are much cheaper for me because i am debt free and have a great credit score. The irony is the person who can pay more actually pays less.

[isussoft]

I came to the US and i had no credit score.
I could not find a place to rent without a credit score.
-I found a job, i had issues because they could not find a credit history under my name but i explain to them that i am new to the US .
-I needed a car to go to work but could not get a credit as no credit score and the interest to the lender that wanted to give me a credit was above 21%.

I had to uber to work ( extremely expensive ) while saving to buy a cheap car. The bud took 3 hour ( 4 different connection and if one connection was late, well, i could not make it to work.

I was lucky i had family help, a place to sleep.

I was finally able to get a safe credit card to build a credit score.

[beaniemac]

Sorry, but I'm never renting a car or hotel room with a debit card. I've been charged multiple times and had holds put on my credit card weeks after the rental despite prepaying. And I'm typing this now as a person who exclusively uses credit cards and currently has a CC balance of 0

[imveryhungry]

all you gotta do is pay back your loans on time to keep a decent credit score. Could be your car note or your mortgage. Its not that hard to keep a decent credit score.