[manaboutown]

Why am I not surprised?

Average FICO score in TV - 785!

The 5 US cities with the best credit scores | Fox Business

[dewilson58]

credit scores for the old is pretty close to worthless

[Boilerman]

Originally Posted by dewilson58

credit scores for the old is pretty close to worthless

Credit scores are commonly used by insurance companies as a factor in premiums. A higher credit score can mean a lower premium.

[twoplanekid]

Interesting to note that The Villages population is 4 to 5 times the size of 3 of the cities listed and more than twice the size of the remaining one.

[dewilson58]

Originally Posted by Boilerman

Credit scores are commonly used by insurance companies as a factor in premiums. A higher credit score can mean a lower premium.

Absolutely false.

[Topspinmo]

I sure the villages No. 1 in many things, softball, pickleball, and of course golf comes to mind. My credit rating probably pretty low haven’t had loan or borrowed money for at least 10 years. I hate paying interest. I know hate is such a hideous word.

[Topspinmo]

Originally Posted by dewilson58

Absolutely false.

But, higher credit score can get you lower interest loan, so they say?

[Stu from NYC]

Originally Posted by dewilson58

Absolutely false.

I believe that it is true

[CWGUY]

Originally Posted by Stuart Zaikov

I believe that it is true

I agree - Car Insurance Myths: Credit Score Does Not Affect Rate | Esurance

[Topspinmo]

Originally Posted by CWGUY

I agree - Car Insurance Myths: Credit Score Does Not Affect Rate | Esurance

But, it affects if they offer to insure you.

[CWGUY]

Originally Posted by Topspinmo

But, it affects if they offer to insure you.

Click and read the link. The title of the link is "Credit Score Does Not Affect Rate" But the link explains it does.

[Chatbrat]

The only thing you can say about credit scores--the people with the highest scores-don't need it, really wonder the percentage of people in in TV with no mortages, pay their monthly expenses via auto pay from bank/brokerage accounts via debits from their checking accounts, expenses such as credit card charges, utilities, sunpass, insurance--love it when life is on auto pilot

Only time to write a check- to IRS, DMV & local tax

[Goldwingnut]

It shouldn't be much of a surprise that The Villages tops the list. A lot of very smart people live here, people who were wise with their money, saved, lived on what they earned, and planned for their future and retirements. The number on the list that also isn't surprising is the average debt, the residents here have a fraction of the debt that the others on the list have, mainly due to no mortgages on many of the homes here.

The high FICO score is a fools dream, a grab to be the highest ranking slave. The real superstars are those who live here without a credit score, who've gone without borrowing money or a line of credit of any kind for the last year or more, they pay cash for everything (debit card is the same as cash and is not credit), these are the true masters of their own money and destiny.

[Chatbrat]

Excellent post Goldwingnut--when i was young the following was drummed into my head"interest keeps poor people poor, while it makes rich people richer"

Also, looking at the 3 cities from the people's republic of California--their debt is twice their income--they are living on the ragged edge--bet the Covid crisis has them buy stock in DEPENDS

[caseycasebeer]

Just a thought (not on scores, but somewhat related):

If your OUTFLOW
Exceeds your INCOME,
Your UPKEEP
Will be your DOWNFALL.