Whoa There Almost Homeless Guy

nuttyprof said
"Good credit" isn't that important in life if you are smart and don't spend more than you have. I don't have "bad credit" I have NO CREDIT because I don't borrow. Yes it costs me a little more on auto insurance ( I don't understand how being in debit makes you a better driver ) and you would have to look a little harder to get a home loan, but so far the increase in costs has been less than I would have had to pay in interest. By the way I'm not wealthy, I made about 33k this year!

Hate to break it to ya, but good credit is pretty important. You can save thousands over the years on Insurance alone by utilizing a few credit cards. Department store credit cards are great for building credit. Buy you some furniture for several thousands of dollars and pay it off over time(5 years in some cases) same as cash. Just think, if you would have done that, you would have actually SAVED by not having those higher insurance premiums by having established good credit.