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Level 2
posted Jun 13, 2019 8:10:31 PM

Why should I care about a credit score?

According to Turbo tax here, my credit score is "very low". Why is that a bad thing? I'm fine with it being where it is.

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6 Replies
Level 15
Jun 13, 2019 9:45:19 PM


@Jayfry wrote:
According to Turbo tax here, my credit score is "very low". Why is that a bad thing? I'm fine with it being where it is.

The following is a link to an older, but still cogent, article with respect to credit score relevance.

 

https://www.forbes.com/sites/heatherstruck/2011/07/20/credit-score-fico-can-hurt-you/#cc0d9614d2c2

Level 2
Jun 14, 2019 5:04:07 AM

That is really dumb. How I work cannot be measured in numbers. My score may be low, but I work hard. It should never be a factor when looking for a job. Good people with not so great credit still need a decent job and shouldn't work 2-3 jobs just to make ends meet.

Level 15
Jun 14, 2019 9:25:07 AM


@Jayfry wrote:
It should never be a factor when looking for a job. 

If you read the article closely, your credit score is not a factor in hiring for all employers - it is more likely to be a factor if you're looking for employment in the financial services industry and they need your permission to inquire anyway.

 

 

Level 2
Jun 14, 2019 11:37:20 AM

Read part of it while half asleep. This is why credit stuff should be taught in school. I know nothing.

Level 15
Jun 14, 2019 12:43:24 PM


@Jayfry wrote:
Read part of it while half asleep. This is why credit stuff should be taught in school....

This is off-topic, but none of this "stuff" is taught in school - credit cards/scores, loans, investing, mortgages, et al. - and all of it should be.

Level 2
Jun 14, 2019 4:41:08 PM

I completely agree. Maybe then I'd care about credit everything.