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Discussion » Questions » Finance » Do you think wealthy folks care about their credit scores? Do you?

Do you think wealthy folks care about their credit scores? Do you?

Posted - November 19, 2019

Responses


  • 14795
    No,not in the slightest ....I've never ever checked and never ever will..:( 
      November 19, 2019 4:21 PM MST
    4

  • 17364
    I don't understand the craze right now about credit scores.  Someone is making money on it or it wouldn't exist.   The other one is the Epstein didn't kill himself thing...............it's everywhere!!!

    Of course, he didn't!!

      November 19, 2019 4:28 PM MST
    5

  • 10449
    Credit scores?  I didn't even know my credit played sports.  (although that might explain those strange charges to Sports-R-Us I keep getting)
      November 19, 2019 4:39 PM MST
    4

  • 46117
    Wealthy folks are the ones who invented the scores.  For the non.  If you have good credit, then you can let the wealthy lend you some of theirs.  They don't need any score.
      November 19, 2019 6:27 PM MST
    1

  • 9777
    I am in a position where I don't need credit.  I assume that wealthy people also don't need credit or have enough assets to secure any debts they choose to incur.
      November 19, 2019 7:32 PM MST
    5

  • 32527
    I would think they do. Better score means better interest rates and better insurance rates etc. 
      November 19, 2019 7:38 PM MST
    4

  • 52903

      I am not (extremely) wealthy, and I pay little attention to my credit score. For many of my young adult years, I didn't even own any credit cards at all.  Both then and now, I rarely buy things on credit, I like to follow the if-I-can't-afford-to-buy-it,-then-I-can't-afford-to-buy-it-on-credit-either philosophy.

     I do not know what the filthy rich think about their own credit scores.


    ~
      November 19, 2019 8:00 PM MST
    5

  • 46117
    You bought your house and car with cash?  
      November 19, 2019 9:37 PM MST
    3

  • 52903
    Both then and now, I rarely buy things on credit

    Both then and now, I rarely buy things on credit

    Both then and now, I rarely buy things on credit

    Both then and now, I rarely buy things on credit

    Both then and now, I rarely buy things on credit


    Asked and answered, Counselor, asked and answered. Let's move on before the cafeteria runs out of one of my favorite desserts; chocolate cream pie. 
    ~





      November 19, 2019 11:00 PM MST
    2

  • 7776
    Wealthy folks only care about themselves and nothing as trivial as credit scores.
      November 19, 2019 9:54 PM MST
    1

  • 13251
    And you know this how? Are you a wealthy person?
      November 19, 2019 10:36 PM MST
    2

  • 17364
    You must not know "wealthy folks."  
      November 19, 2019 11:14 PM MST
    3

  • 52903

      In my opinion, lumping all rich people into one narrow category like that and assigning a negative trait to them is no different than doing it with ethnicity or gender or nationality or beliefs as the common denominator. Not all rich people think exactly alike nor are they all good, all bad, etc.  There are some non-rich people who carry out the acts you allude to above. 
      November 19, 2019 11:26 PM MST
    6

  • 17364
    That's right, stupid is stupid regardless of the flavor.
      November 20, 2019 7:02 PM MST
    0

  • 52903

      I do not know to whom you are referring as being stupid, nor do I endorse that name-calling any more than I would paint a grouping of people into a pejorative light.  In other words, I ain’t co-signin’ with you on this one. 

      November 20, 2019 8:31 PM MST
    1

  • 17364
    Stereotyping is stupid, ignorant, and a host of other descriptors......"regardless of the flavor."  
      November 21, 2019 3:46 PM MST
    0


  • My scoring is always important to me.
      November 20, 2019 4:04 AM MST
    2

  • 952
    Depend on how much wealthy they are!
      November 20, 2019 11:03 AM MST
    1

  • 1893
    Wealthy folks including Billionaires do care about their credit scores and the credit ratings of their Business Enterprises.  It affects their cost of doing business since they are the folks that  need the credit.  almost everything they or their business own is bought on Finance aka Leverage

    I care about mine since it impacts any number of aspects of my life even though I have no debt per se
      November 20, 2019 9:48 PM MST
    1