How far the totalitarians will go remains to be seen.
Want a revolution?
USE ONLY CASH
I’m 70 years old and have been using only cash/debit only for more than 40 years. Through the years I’ve paid off car and house loans and other major big purchases (Home Depot, Lowe’s, and other major companies for home upgrades etc). I was maintaining the highest FICO/credit score for years. As when I did apply for credit, I the paid the intial balances in full on the first payments. Thus, maintaining good/excellent credit scores.
Since, I know longer am making any major purchases using any issued credit cards my FICO score is declining. Though, I’ve kept a few of the credit cards open they haven’t been used for years. As I was told closing them would lower my credit scores. However, my credit scores are currently declining. I’m
sure is due to NOT using credit and only paying cash.
I’m not understanding how using only cash wether you are ‘red’ or ‘blue’ during any blue or red regimes lowers credit scores. As my once excellent score has been declining since I don’t use cash.
