tag:blogger.com,1999:blog-1774507569501639402.post6811988096628281541..comments2023-05-08T01:37:51.742-07:00Comments on Frugal thoughts: Bad ideaDawnfirehttp://www.blogger.com/profile/03554452073028318880noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1774507569501639402.post-89737144011169120822011-04-27T04:06:37.044-07:002011-04-27T04:06:37.044-07:00Establishing credit can be one of those no-win sit...Establishing credit can be one of those no-win situations. Some people who choose to strictly use cash, but own their home and cars outright and have substantial savings are considered credit risks, go figure. The rules for credit ratings are actually set up to punish responsible behavior, to an extent. This wouldn't necessarily be a big deal except companies are trying to use credit ratings to discriminate on rates. There was a case in Texas where a car insurance company was using credit rating to set rates and was charging a family like this a much higher rate, when common sense says they're a better risk, not worse.Dawnfirehttps://www.blogger.com/profile/03554452073028318880noreply@blogger.comtag:blogger.com,1999:blog-1774507569501639402.post-33930086181068504192011-04-26T20:21:23.819-07:002011-04-26T20:21:23.819-07:00The first thing we ever charged was a television s...The first thing we ever charged was a television set. We had the cash to buy one but were trying to establish credit. I was paranoid about paying off our debt on that one, sent them a check about two days after we bought it.<br /><br />Now I wish we'd never gotten credit.<br />lolAmihttps://www.blogger.com/profile/08353667980806676067noreply@blogger.com