Quote:
Originally Posted by gomoho
So I am just curious for those of you who have no credit cards and pay cash for everything - when you apply for insurance they pull your credit score to determine your risk factor - if you don't have credit, you don't have a credit score - so what do they use?
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This post brings up a couple of other interesting questions: if someone does not have any credit cards and pays cash for everything, what would this person's FICO credit score be: 300 or 850?
If for some reason a you would need to rent a car, how would you pay for it without using a credit card; would you use your debit card instead? And if you go on vacation or have to travel for any reason, do you pay for your travel expenses with your debit card or carry a large amount of cash with you? Not trying to be sarcastic, just wondering how this works.
Schaumburger (who got her first credit card from Marshall Fields in the early 1980's because Marshall Fields was giving away a box of Frango mints when customers applied for their credit card)