Posted On: November 29, 2006, 11:05 am CST

Posted By: Jane Agent

What about someone like Dave Ramsey (see daveramsey.com if you don't know who he is) who says he has a credit score of "0" because he doesn't borrow money ? Wouldn't credit score rating show a "false negative" for a person that is exceptionally responsible about their finances - thus, no debt - and most likely, their driving and everything else. What about the person who has an excellent credit score, as they are making payments on time, but are permanently in debt, up to their max -- wouldn't someone living paycheck-to-paycheck like this be MORE likely to file a claim ? The rating basis is probably true when averaged out but I can see it being false for alot of individuals.