Quote:
Originally Posted by knight_shadow
I've never heard of that service before, but I just read about it and it seems a little suspect.
Have you used it? I'm trying to understand it a bit more.
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I haven't used it because unfortunately, I'm in debt, and therefore, I have a credit score right now and don't have a need to use it. It's a service that's highly recommended by Dave Ramsey. I was really trying to not play "the Dave card" in this thread. It's basically a service for you to build your own alternative credit. Okay, so you may pay $8-$10 bucks a month for the service to do so, but if you used a credit card (even the folks who "pay it off every month") it's likely that you're going to pay more than that in interest fees.
This isn't the thread to get into why credit cards are evil. I wasn't even going to say anything until I saw that someone who doesn't have a card pipe in....and I swear if I had known then what I know now, no way on God's green earth would I have ever gotten my first CC. I posted the information so that people without CCs will know there ARE alternatives to "building your credit score." Sure, you might have to put down a deposit for some things (like getting your electricity hooked up), or you may have to shop around until you find a mortgage lender with a brain who can look at other sources of financial responsibility other than how much debt you already have, but there are ways to do everything you need to do that you otherwise would have had someone check your credit. If you try to get a lease at an apartment and they insist that they have to check your traditional credit and you don't have any, then again, keep shopping.
Ugh - I could go on and on, but this isn't the place for it. Simply put, There are alternatives to building your credit score, and ecredable is a way to help you do that.
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