I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab. All right, guys, today I have a bone to pick with Mr. Dave Ramsey.

One of the heavyweights in the money expert space is Dave Ramsey. In general, I have a more the merrier

outlook when it comes to financial experts. Instagram and TikTok are not finite resources.

There can be more than one person giving financial advice online and

there should be but there shouldn't be people spewing crap advice like having a

zero credit score so today I want to debunk that specifically. Dave Ramsey has built an

empire on advising people to live life completely credit free. He tells people to

cut up their credit cards. He shouts out mottos like, live like no one else, so later on you can live like no one else, which

barely makes sense to me.

But again, I'm not here to just be a hater if you followed a trusted legit expert on

finance that gives you good advice I love that for you but this specifically is

bad advice so let's dissect it.

First of all if you don't have credit you don't have a credit score and your credit

score is your financial report card in Ramsey's utopia or

distopia credit scores wouldn't matter because you'd never need to borrow money.

But back here on planet Earth, credit scores are crucial.

They're not just for getting loans.

They affect your interest rates. They affect your insurance

rates, security deposits on rentals, and sometimes even your job prospects or your

romantic life in the case of a new dating app that filters by credit scores. I have said this forever now. Thank you for doing it.

Opting out of the credit system entirely doesn't make you financially savvy. It makes you financially invisible.

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