Quote:
Originally Posted by DaFace
I suppose that's true in a way, but credit scores are meant to help banks know how much risk they'll be taking that you won't pay them back. It has nothing to do with whether it's a financially-responsible decision for you to hold additional credit.
|
The bottom line for me is that if I was earning $60k a year but $50k in debt with CC companies with 20% interest, I'd be freaking out and probably unable to sleep.