We’ve shared in the past that Mike used to have bad credit due to a foreclosure when he was 18 years old. Just this month (10 years later) it was removed from his credit report, so we thought it would be a good time to reflect on the pros and cons of building good credit.
Dave Ramsey is famously opposed to having any credit score whatsoever. We’re not so quick to jump on that bandwagon. Watch to find out when we think it’s a good idea to build credit, and when it’s not.