Why do you need a credit score?????????????????????????????

I bought a house with a better interest rate than prime without a credit score. There is a thing called manual underwriting and you actually getbetter mortgage interest rates than people with the highest FICO scores.

The logic is when they realize you have no other payments the chances of you defaulting are fairly slim. Compare it to a guy who has two car payments, carries a small balance on his credit cards, has a HELOC etc... If he loses his job the chances of him defaulting are great since he has so many financial obligations.

BTW, I now have a super high credit score because I pay early on my mortgage (high 700's) It doesn't really mean anything to me, because I am not going to borrow money.

I have two paid for newer cars, I take at least 2 big tropical vacations a year, hunt a lot, buy lots of gear and do it with cash. It can be done, butthe hardest part is getting out of debt then you can start building a net worth for yourself instead of lining the bank's pockets.

If you are a Christian, it says in the bible the borrower is slave to the lender. The bible mentions debt a lot and has many negative things to say about it. To each his own, but I sleep rather well at night. And if I were to lose my job I could literally spend a year looking for something else.