Quote:
Originally Posted by ilnjscb
That's a valid point Paul but if you try to live outside the norm in any society you're usually fucked. In the US, your FICO is used for more and more decisions - unless you regularly use credit they can't evaluate you and you don't exist. People keep credit lines forever because older lines count more.
To get the best mortgage rates you need to be a regular user of credit, is the upshot.
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Using a credit card and paying it off at the end of the month has the best rating. Having money in the bank an even higher rating.