On Sat, 6 Dec 2008 11:30:04 -0500, "Eisboch" wrote:


"D.Duck" wrote in message
m...


I'm pretty much in the same position. I haven't had a loan payment in
over 20 years (FICO now 800+) and hopefully won't need one again in this
lifetime. For those that will need credit, the extra baggage on the
credit report won't help.




The last credit report I read indicated that my score was not as high as it
could be because I didn't have a mortgage.

??????????

I am like you and JohnH now. Now that I don't need it, I have all kinds of
credit available and I don't use any of it.

But, I also remember that it took me 10 years to pay off a small balance on
a stupid Hechinger's credit card that I had back in the Navy. Every penny
counted for many years.

I had a guy bug me with some crap about a magazine subscription my
daughter had canceled. It was in my name. He said if I didn't pay
(it was a lousy 15 bucks or so) my credit rating could be hurt.
I basically told him to go ferk himself because I don't care about the
credit score. Don't know how that turned out. I hung up.
But I have heard that insurance companies use your FICO as an element
in setting your premium. Don't know if it's true - but I use it as a
"counseling" tool when preaching the evil of debt to my kids.

--Vic