Ok, if you’re a regular reader here at Celebrating Financial Freedom, you know my opinion on credit and credit scores.
YOU JUST DON’T NEED THEM!!!
I won’t go into all the details here about why. You can check out the previous articles below the video on credit and credit scores that will explain my position and maybe even change your mind, I hope.
One More Credit Score Hassle
However, I came across a great video featured last week on 60 minutes that demonstrates the problems that many people are having with errors on their credit reports. The error rate has been found to be as high as 20% (That’s 40 million people!).
Even better, host Steve Kroft shows that trying to correct an error on your credit report borders on the impossible. Watch his frustration as he tries to have an error on his own credit report fixed with no luck.
Do you really want to be subject to this in your own financial life? It’s your decision.
When you learn the truth about how using credit and being in debt keep you from living your best financial life, then you can start REALLY succeeding with money!
Check out the video below:
http://www.cbsnews.com/video/watch/?id=50140748n
Resources:
You DO NOT Need a Credit Score
Winning Without a Credit Score
You Don’t Need a Credit Score, Here’s an Alternative
7 Huge Credit Card Lies We Tell Ourselves
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