I've been researching credit for a month now. I'm 26 and I'm pretty against having a credit card. I would like the buyer protection. I don't care for the rewards and I was just listening to Dave Ramsey today. He said a FICO score, is your willingness-to-be-in-debt score, or something like that. I've heard having a good credit score can give you lower auto insurance rates, is that true or over-hyped?
I'm having trouble seeing how a credit card will benefit my life. I'm the type of person that mainly pays for stuff in full. The only thing I've financed was my car after making a $12k down payment. I don't plan on ever owning a home. I will admit my wallet has been stolen before, but I canceled my debit card asap. Thanks in advance!
edit: Also, I live in Cali. Supposedly, california "have banned the practice of using credit-based insurance scores to help determine rates."
Submitted February 22, 2019 at 04:20AM by 10eazye https://ift.tt/2EnaODD
