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RE: Being in Debt Stinks: Don't fall into the trap
We need credit to get a good deal on insurance, to get accepted for a rental, Fet a good eats in a car or auto loan...yet good credit requires a degree of debt to show lenders we can borrow responsibly. It's quite the balancing act. I'm pretty sure the FICO algorithm is more complicated than the US tax code!
LOL. True. Very true.