tag:blogger.com,1999:blog-8300825289566912176.post5609536791567085666..comments2024-02-14T16:25:17.325-08:00Comments on The One Income Dollar: Why Is a Good Credit File Important?The One Income Dollarhttp://www.blogger.com/profile/04382734196597644669noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8300825289566912176.post-45924918033129527662011-04-20T06:53:25.180-07:002011-04-20T06:53:25.180-07:00I have very strong views on credit cards, but I wo...I have very strong views on credit cards, but I won't go on a rant about them here (you can read my blog for that lol). But, when I canceled several cards, my paypal account-with a line of credit attached, and a checking account all in the same week, it did not dramatically lower my score. It's been two years now, since I've done that, and my credit score is very high. I have had no credit activity except for one student loan in those two years. That's something people tend to forget about-if you have a student loan then you have something that's establishing your credit-you definitely don't need credit cards to do that! <br />And, if you have an all cash budget system, then your credit score means a big fat nothing anyways ;)sarahttp://www.myfrugalfunlife.comnoreply@blogger.com