Mine is 667. I have never used credit cards, and I don’t have any debt. My partner, whose FICO score is 780, currently has about twice their annual salary in debt.
Mine is 667. I have never used credit cards, and I don’t have any debt. My partner, whose FICO score is 780, currently has about twice their annual salary in debt.
That’s a good callout, it does give the feeling of freedom. People have to know what credit means, and know how they will pay it.
I am pretty good at keeping a rough running tally in my head of how much I’ve spent, and so I can feel that I’m getting close to my limit. Big purchases too impact that a lot. However, I’ve worked with people who don’t have a system, or don’t have the ability to do that. Not knocking them, but you do need some ability to keep track of how much you’ve spent, either yourself or with a routing on checking your amounts.