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Old 08-05-2011, 06:06 PM
kate032 kate032 is offline
Join Date: Jul 2011
Posts: 57
Default Re: Young and in debt

Originally Posted by DavidBibby View Post
I consider myself to be a very responsible person. Those who know me can certainly attest to that. I pay my bills on time, and I've been consumer debt free for quite a while.
That is fantastic. Although the FICO score obviously doesn't give the entire picture, it is one vehicle available that creditors/employers/insurance companies can use to determine creditworthiness. There are other ways, of course, but the FICO score is one reliability factor (which isn't always accurate, as you've pointed out) that is easy to obtain for companies, so they tend to use it more often than not.
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