How Do I Get A Zero Credit Score?
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- čas přidán 15. 10. 2018
- How Do I Get A Zero Credit Score?
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Should have replied to the email saying 'I am dead'.
799 on my way to zero, because I longer care for credit scores I have no debt, I have more money though! 😃
You’re a BOSS bruh!
So many think you need credit score to be wealthy when in fact its completely opposite... Yeah you might not have much debt with a score and want to keep your buying options open etc etc but its a lot of hoops that Are unnecessary just to follow the "worlds standards"
Pretty sure if you've ever had a loan or credit, it sticks on your credit report for 10 years, though some bad stuff drops off after 7. Not sure where he gets the idea it just disappears in a year if you stop using credit and shut all of your accounts. Have never heard of this as a thing.
I checked my score this evening. 840 with a current total balance of around $500. I use my cards to purchase gasoline, shopping at the local food store, and other useful monthly expenses. But I also pay off the balances in full each month.
This is the right way to do it. If you are responsible and have self control theres no reason not to use credit cards.
If you don't have self control credit cards were never the cause they were a symptom.
I understand where Dave comes from, most of the people calling to this show have ridiculous debts. At my house we have credit cards and no balances, good credit score has helped me move into a house faster. As an imigrant in the US I see the credit score is a way for companies to see how responsible you are and I don't have time to be looking for manual underwriting and having to live in specific places where they don't check your score
Yep...that's how they get 'ya
Tech : YOU are using debt the right way. Most don't
A score is how good or bad you are at borrowing period
@@qwkartist it is. I don't see whats the problem with that? Is just a tool that only works if you have self control
TechYK The problem with it is of course the only way you create a score IS BY GETTING INTO DEBT. Thats all a credit score tracks, debt repayment. The reason Ramsey tells you not to worry about it is because YOU SHOULDNT BE GETTING INTO DEBT FOR ANYTHING in a perfect world following the steps. Your credit cards are a ticking time bomb.
It's not a zero credit score. It's a: We cannot find you, where are you? Are you ok? Did you die? Score.
@Absar Sufi It's a trap. Don't call. Fishy 😏
@Absar Sufi
SCAM ALERT.
Nice video content! Apologies for the intrusion, I am interested in your thoughts. Have you considered - Tarbbatigan Destroy Offenders Tip (search on google)? It is a smashing one off guide for learning how to clean up your credit minus the hard work. Ive heard some unbelievable things about it and my cousin got great success with it.
The LORd rebuked David for giving a census to the people of Israel.
Gods people are not visible in Satans wold system
I have 100,000+ AMEX points and I'm unsure what to do with them?
How does that work regarding hotel stays and car rentals???
As far as my experience with hotels they never check my credit score to get a room. And car rentals.. How many times do you rent a car a year? In those rare occasions use uber or lyft. It'll probably be cheaper too.
I think the OP meant that when you go to a hotel, they expect to get a credit card on file on check-in. If you have a zero credit score it follows that you have zero credit cards as well.
Some/most/all hotels will take a debit card and put a hold on some funds... like $50 or so per night. So if you are staying seven nights, and even if you've already pre-paid the room, you'll probably have ~$350 on hold.
Not a big deal if you have plenty of $$$ in your account and I guess it would be a fair argument that if this amount is a problem, you probably can't afford to go on this trip anyways.
--
Rental car-- mostly the same deal, as you should be able to use a debit card, but I'd argue that Uber/Lyft in most cases people rent a car isn't "probably" cheaper.
At least in my personal experience, the two times we rented a car it was because we were 5-12 hours from home by plane and didn't have our cars and anything but renting would have been horribly impractical.
San Francisco-
1) Airport to hotel in SF
2) hotel to another hotel in Napa
3) To and from wedding related events in Napa
4) hotel to a different SF hotel
5) hotel to airport
... and that plus some sight-seeing [Aquarium of the Bay, Lombard St, Exploratorium, Pier 39, Muir Woods and the Golden Gate bridge] I got voted down on the cable car museum and Alcatraz and I did want to drive down to the Monterey Bay aquarium, settling for the more convenient one.
In Hawaii we only rented the car for one day for like $40 (plus gas) to get from Aulani to a Manoa Falls hike, about 55 miles round trip.
When we were in Florida we did a Disney Cruise and also hit Cape Canaveral before and Disney World after and did that all with shuttles and Uber.
Are most other adults incapable of making a rational decision as to how to get from A's to B's when they are on vacation?
Honestly, I believe no debt is good but people in the comments are talking about how they have credit cards and they use their credit cards wisely...
Be honest you have your credit card because you can't pay anything on time. That's the only reason why you have it. If you can pay on time why get a credit card? You don't really need one because that's too much stress. If you have to get one to pay your bills then why not use your money and pay bills?
It just sounds stupid to have a credit card to pay anything. If you don't have the money don't spend it.
A zero credit score should be the new status symbol of choice in America
Why? how many people can honestly say they can buy a house entirely on cash. Credit scores are important. Dave Ramsey can feel free to buy me a house at any time.
@@UrielX1212 You can finance a house without a credit score with the manual underwriting process.
@@kirkreilly6758 this is very true
Ummm no
I have a question for someone in college wanting to get an apartment they all do credit checks and refuse to take 3 months of rent in advance to bypass not having credit . How do I deal with this?
Taylee Nicole I’m sure there’s other ways but there’s some ways of getting credit easily, for starters I would suggest getting a secured credit card , but I’m not a financial master. Just a suggestion
Try going on craigslist to find someone renting a duplex or guest house or something, instead of a business that rents apartments and is all about numbers. Many other students look for roommates and could care less about credit score specially with 3 months of rent in advance.
get an apt after college, live on campus now if that's an option
@@eatpigsnot Nah don't live in campus, it is way overpriced and you aren't allowed to live there during the summer (may be different from campus to campus).
That's more expensive than many local apartments, and you only live there while you're taking classes. So if you want to live there during the summer you have to get an apartment anyways. Also my school's on campus housing is only guaranteed for first years
It's not the interest is the problem with credit cards but the card triggers you to spend when you do not want to spend or overspend with these reward points, cashback, coupons, etc. The credit card companies know alot people pay off their cards but to make money off the credit card holders they throw in these incentives to make you spend more or spend unnecessarily. Also if the credit score is so good why when a buy my car cash at the dealer they get upset about it? It seems credit makes everybody money except the consumer. It's a scam.
Car dealers get upset because they most likely get a commission from whatever bank gives you the loan
Investing Hustler has both zero credit and 900 credit
I have no debt and nearing an 800 score. I use credit cards to pay for everything I normally would buy, get deals and points, pay it off in full each month. Easy to do and a win/win situation for me. Actually STRIVING a zero is good for what? If you don't need credit for anything, tis kinda pointless isn't it? I know Dave doesn't approve of debit or credit cards but who walks around with a pile of cash in their pockets in this day and age? I find that a bit silly.
You and another party both wish to rent the same house. Your score is undeterminable, and the other party has a 810 score. Who's getting offered the lease, and who has to keep looking?
So I have a zero credit score and I can't get a vehicle so how is this good?
Sure you can. Just save money and pay cash for it.
Cell phones in canada report
Credit cards are a useful tool if you're a responsible person. If you don't trust yourself to be mature with money then don't get a credit card.
I've had a credit card since I was 20(I'm now 26) and to this day haven't paid a cent in interest because I only spend what I know I can pay in full by the end of the pay period.
Me too, I've had mine for less than you have but I have also never paid interest or fees. My credit score is 771 and i can honestly say I have put in next to zero effort getting it there which will be nice down the line. I am looking at getting a higher tier card in the future when my expenses are higher to get some rewards and perks.
I've had mine since I was 25 and I'm 41 now... never once paid interest... used points to go on 4 cruises... and one card already has $600 cash back saved up after 2 years expenses
if you only use the cards on things you buy anyway (gas, groceries, bills) and pay off the balance every month you collect points and/or cash back bonuses. I can get free cruises with one card and the other card I get cash back and I just save it up until I can cash it in when it will cover a month's worth of groceries and gas.
It's not the interest is the problem with credit cards but the card triggers you to spend when you do not want to spend or overspend with these reward points, cashback, coupons, etc. The credit card companies know alot people pay off their cards but to make money off the credit card holders they throw in these incentives to make you spend more or spend unnecessarily.
the card only triggers you to spend more if you don't have any will power... these cards aren't triggering me to spend more on gas and groceries
But Dave, don’t you need good credit for some things? ie rentals?
no. when a landlord runs your credit, they are looking for unpaid rent debts to previous landlords.
I don’t know why anyone would want to have a 0 credit score. A lot people look at credit cards like something evil. But you can easily use credit to your advantage. You just need to learn to have discipline and not spend more than what you can afford.
Because debt is stupid and the score is stupid. Its wrong and its better to live without.
The end of your comment is the point Dave makes when it comes to credit... he's not talking to the one percentage of folks who are disciplined and knows how to manage credit he speaks on the masses that look at credit cards as free money or buy now and pay way later...however the end result regardless off credit habit is to have as much cash money set aside as possible for the what if's that life throws at all of us...
MyNameIsCorey yes good point
no, I have the money in the bank to purchase what I do with credit cards. it's mainly gas and groceries. I pay the same price whether I fork over the cash or swipe my credit card. but swiping the credit card I build up points and cash back bonuses that I use to go on a cruise or pay off a month's worth of gas and groceries. if you pay off the balance each month you never pay interest and collecting the points as well you are making more back then if you were paying cash
It's not the interest is the problem with credit cards but the card triggers you to spend when you do not want to spend or overspend with these reward points, cashback, coupons, etc. The credit card companies know alot people pay off their cards but to make money off the credit card holders they throw in these incentives to make you spend more or spend unnecessarily.
I have never met a person with a zero credit score.....so where are those people? maybe the people who live in the jungles?
Meeee...lol
Me
Me!
Children unless the parents give them a jump start by putting them as an authorized user on their cards/loans, etc.
I’m here a year later to tell you, me!
I disagree, I think it is 12 years. Good things are on the system for 12 years, bad things are 10 years.
Dave I want to recommend your book to my friends. But I don’t understand why you’re talking about zero credit score as a positive thing.
Having a healthy credit score is really important- what am I missing?
Myth. It is not important. You are just as capable of getting through life without it than with it.
The only thing a credit score measures is your interaction with debt. It is not a measure of wealth. One can have a "perfect" credit score but have zero or negative net worth. Your most powerful wealth building tool is your income and when you give it away in interest to the bank or by overspending you erode your wealth potential.
Hm... I dont't think it's that hard to keep a couple credit cards, buy some gas once a month and pay them right off. I know because I do it and I have a great credit score. I would be bummed if I didn't have the high credit score ready to go to keep all my house buying options open. This seems like it should only be applied to people who have serious credit card compulsions and not people who can be trained out of that behavior.
@@sea_hous There is some element of truth to that. However, you're assumptive statement that you need a credit score to buy a house is false. You're much better off without a credit score and using manual underwriting to buy a home on a 15% fixed where the payment is no more that 25% of your take home. Or better yet, save up and pay cash.
Dave's advice is mostly good for people who are or have been in deep debt..... If you have never had debt, alot of his ideas are way over the top