Living In Financial Excellence Episode 30: Why I Want a Bad Credit Score. Oct 20, 2010.
My personality style is best described as a Challenger. I constantly challenge the status quo and look for new ways to do thinks. It helps keep me thinking. So when someone tells me the modern banking system requires me to have a good credit score, I turn my nose to finding a way to beat the system. Listen to the show to find how (and why) we live without the all-important FICO score.
– Bank of America recently suspended all its foreclosure proceedings due to a “technical error” in their process. Basically they were signing hundreds of foreclosures a day without verifying the information. There are other banks in the same boat, and some people are even being foreclosed on when they don’t have a mortgage.
– What is our ideal credit score? Our answer may surprise you.
– There are lots of articles out there giving bad advice, like getting more credit cards to get a better credit score. And there are a lot of people telling you to keep spending with plastic, also to keep a higher credit score.
– A bad credit score can affect your insurance rates. Listen in to see why we don’t care!
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