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Your Credit Report and the Weekly Round-Up


I haven’t looked at my credit score in over three years. Am I in the wrong? Maybe. So many people today make decisions in life that is purely based on how it will affect their credit score. It’s almost as if it’s the new Bible! If their action might affect their credit score negatively, they’ll steer clear from it. If, however, their action (like buying furniture on credit) will improve their score, they’ll consider themselves responsible. I have a friend that has amazing credit because he always has payments on something, but never misses one. He’s also broke as a joke too, with no possession that he can truly call his.

So why do people place such a high emphasis on their credit score? Let’s take a look at a few reasons:

Why Do People Care About Their Credit?

  • Enables them to borrow money from the bank to buy a car
  • Borrow for furniture
  • Borrow for recreational toys (boats, quads, etc.)
  • Allows them to pay low rates on their debt
  • Borrow for a house purchase
  • Your credit might be reviewed for a potential job you applied for
  • Low credit card rate with a higher maximum
  • Borrow for school loans
  • Borrow for home improvement loans

The list could really go on and on. Do you know which of the reasons I care about? None of them… I already have a house and my job is rock solid at the moment. The rest of the reasons I certainly don’t care about because they’ll just make me more broke. Making payments on cars, furniture, and boats is just not smart. You end up paying more than the sticker price (because of interest) and you reduce your cash flow each month, which restricts you from making wise investments (because you don’t have as much extra money at the end of the month).

Now, just because I don’t care enough about my credit to look at it doesn’t mean that I want to hurt my credit score. I still pay all of my bills on time and am a generally responsible person when it comes to money, as should you be. When is the last time that you looked at your credit score? Why do you care?


Weekly Round-Up

There have been some great articles on this site this past week, but to be fair there have also been some solid articles on other sites as well. Here are some that I read and thought you might enjoy:

A List of Career Moves to Blow Up Your Future at Financial Samurai




Your Career is Going Nowhere, What Can You Do at KrantCents

Why You Need to Enjoy Your Job at 20’s Finances

A Beginners Guide to Investing at Debt RoundUp

7 Reasons Everyone Should Reach Financial Independence at My Financial Independence Journey

Optimize Your Cell Phone Plan at My Money Blog

6 Tips to Make Your Financial Dreams a Reality at Small Budget Big Dreams

Easy Ways to Save With Amazon Subscribe and Save at Narrow Bridge Finance

Five Similarities with Weight and Debt Loss at Johnny Moneyseed

Top 10 Emotional Money Lessons to Improve Your Finances at Modest Money

Does Passion Matter? How to Find Your Dream Job at a YoungPro

What are Your Best Time Management Tips at Mom’s Plans


Early Retirement in the US vs Abroad at Reach Financial Independence



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. I only know my credit score because I’ve been churning credit cards for free travel, and one of them gave the score with the new account. Otherwise, I don’t plan on needing it for anything maybe ever again, at least not for a long while.

    • Yep. Sounds similar to me Kim. My credit score has been far from the front of my mind for quite some time now.

  2. Its weird come to think of it. Its been a while since I checked my credit score. I think when you don’t need to take on any debt it matters less knowing your score.
    Thanks for the mention!

    • It is the truth! The less debt we take one, the less we really care about that score. Your welcome for the mention. Keep churning out the good stuff.

  3. I only look at it when I am about to make a large purchase. I do use credit sesame to see my report and their version of the score, but only to make sure it is correct. Thanks for the mention Derek.

    • That is a good point too Grayson. I should probably keep tabs on my score at least once a year just to make sure no one is stealing my identity. It’s been known to happen.

  4. Thanks for the mention Derek. I occasionally look at my score to make sure no one has applied for credit in my name or stolen my identity, otherwise that’s about it.

    • Yeah. That’s really the only reason why I would check it out. Once a year is probably sufficient for this.

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