How to Keep a Good Credit Score Without Being in Debt

Can you have a good credit score without being in debt? Most people preach that to maintain a good credit score, you must have a few credit cards. You also need a couple of loans that are reported to the credit bureaus.

It is also known that to keep a good credit score, you should always pay your bills on time. But what if you don’t want to have any debt? Is it still possible to have a good credit score?

I haven’t used a credit card in years, own my car outright, and have no open lines of credit other than my mortgage. So, I started to wonder… Does this mean that I might have a bad credit score? Well, out of curiosity, I decided to check. I was SHOCKED by what I found! As a result, I went on a rant that I recorded for this podcast.

Listen to How to Keep a Good Credit Score Without Being in Debt

What You Will Learn

• I open to you about what shows up in my credit report.
• Share what my credit score is.
• Explain why I think the whole credit score system is nothing than a trap to encourage and reward people for staying in debt.
• Encourage you to ask the right questions and to rethink the reasons why you should, or not, care about your credit score.
• Review the difference between caring about your credit history and credit report.

Resources And Related Posts

• Life After the Equifax Data Breach
• Credit Report: 6 Reasons You Want To Check Yours Now 
• How Credit History Impacts Your Credit Score: www.myFico.com
• I got my free FICO Score through Mint: www.Mint.com
• American consumers can get a free credit report once a year from Experian, Transunion, and Equifax: www.annualcreditreport.com
• Seeking Wisdom. Introduction to One Take Podcast
• Are You Ready to Get Your Money Life Together?

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