[TheForge] Identity theft

[terry l. ridder]

hello;


On Wed, 27 May 2009, Gabriel Cain wrote:

> Terry Ridder wrote:
>> the bottomline is to have a really bad credit score so no one will be
>> able to steal your identity.
>
> As someone who intends on owning a house at some point, I can't help be
>

i own my home outright.
all my vehicles are owned outright.
i have no debit other than the medical liens from the head-on-collision.

>
> think that this advice only works if you have nothing to lose, and no
>

for 13+yrs i had nothing to lose. now i have something to lose.
given that i could burn money at the rate of $5,000.00 usd per month for
the next 20 years and still have more than enough money in the bank.

i do not care about my credit score. i do not need to care about my
credit score.

>
> intention of ever gaining anything beyond your immediate cash means. Not to
> mention that apartment/house rentals are often tied to credit rating, for
> good or ill.   This is bad advice, Terry.
>

it is not bad advice. it is partial good advice.
the best economics is to live on a cash only basis.

the borrower is a slave to the lender.

>
> This is akin to burning down your home so that no one could steal from
> you... :-?
>
> -Gabriel
>

-- 
terry l. ridder ><>