Assumedly nice guy, formerly bancrupt, financial guru.. making millions.
I listen to his radio show.. Churches teach his financial theories during the work week. I really do like him ..I just disagree with him about ONE thing...
Listen to me when I tell/write you.. "DO NOT FOLLOW HIS ADVICE IN REGARDS TO YOUR CREDIT SCORE."
Ultimately your credit score will improve if you pay your bills on time and get that balance down -- as he advises.
BUT! Lack of attention to a credit score WILL make it hard for you to do other things (unless, of course, you're Dave Ramsey and you have millions in cash to do whatever you want.)
You will pay higher insurance rates on auto and home policies.
You may not get a job you want when your potential employer runs a credit check.
Not to mention you will not get a mortgage with a good interest rate if you have a low credit score. Dave's not worried about that -- because he wants you to pay cash for your house.
Grrrrr!!!!!!!
Don't feel guilty about putting a mortgage on your home!
Of course don't bite off more than you can chew...
YOU DON'T HAVE TO USE ALL THE MONEY THE BANK IS WILLING TO LOAN YOU.
Use your head.. follow Dave's advice.. it's good stuff.. but (I beg you) guard your credit score.. It's too valuable not to!
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