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	<title>Comments on: Warren Buffett&#8217;s Credit Score</title>
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	<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/</link>
	<description>feeding your credit card addiction...</description>
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		<title>By: Matt</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2442</link>
		<dc:creator>Matt</dc:creator>
		<pubDate>Sat, 23 Jul 2011 09:07:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2442</guid>
		<description>He probably has a low score because his credit utilization is so low. He has the money to buy whatever he wants, why would he pay interest? Credit utilization and length of open accounts impacts your score. These are just a couple of the flaws with the FICO system. Pay off debt quickly and not being heavily reliant on credit actually hurts your score. Also, applying for credit to see if you qualify for the lowest interest rates hurts your score. Those are called hard inquiries. FICO is a bogus system.</description>
		<content:encoded><![CDATA[<p>He probably has a low score because his credit utilization is so low. He has the money to buy whatever he wants, why would he pay interest? Credit utilization and length of open accounts impacts your score. These are just a couple of the flaws with the FICO system. Pay off debt quickly and not being heavily reliant on credit actually hurts your score. Also, applying for credit to see if you qualify for the lowest interest rates hurts your score. Those are called hard inquiries. FICO is a bogus system.</p>
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		<title>By: william deane</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2371</link>
		<dc:creator>william deane</dc:creator>
		<pubDate>Fri, 28 Jan 2011 16:33:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2371</guid>
		<description>something is very very wrong.with the people that got us into this mess are holding the country back with such illogical scoring.  anyone can get an 800 plus score but getting a dozen credit cards and paying them off within a year.  Somebody with 10 million dollars in the bank who lives on 50-thousand dollars a year scores low and can&#039;t buy a house.  This MBA mentality is ruining the country.  PLEASE STOP!!!!!!</description>
		<content:encoded><![CDATA[<p>something is very very wrong.with the people that got us into this mess are holding the country back with such illogical scoring.  anyone can get an 800 plus score but getting a dozen credit cards and paying them off within a year.  Somebody with 10 million dollars in the bank who lives on 50-thousand dollars a year scores low and can&#8217;t buy a house.  This MBA mentality is ruining the country.  PLEASE STOP!!!!!!</p>
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		<title>By: RoTimi Waddy</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2363</link>
		<dc:creator>RoTimi Waddy</dc:creator>
		<pubDate>Fri, 14 Jan 2011 07:38:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2363</guid>
		<description>Wow, this was amusing especially the comments posted on here! I&#039;m sure that with all of Buffet&#039;s money, I&#039;m sure that he doesn&#039;t really care what his credit score is and probably would find this information to be quite amusing to say the very least!!! The man has enough $$$ to buy whatever he or any of us other normal folks could ever possibly want and more! However he&#039;s known to be quite conservative when it comes to lavishousness, so it makes it all the more amusing to see stories such as this. :)</description>
		<content:encoded><![CDATA[<p>Wow, this was amusing especially the comments posted on here! I&#8217;m sure that with all of Buffet&#8217;s money, I&#8217;m sure that he doesn&#8217;t really care what his credit score is and probably would find this information to be quite amusing to say the very least!!! The man has enough $$$ to buy whatever he or any of us other normal folks could ever possibly want and more! However he&#8217;s known to be quite conservative when it comes to lavishousness, so it makes it all the more amusing to see stories such as this. <img src='http://www.creditaddict.com/wordpress/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: Basil Siddiqui</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2349</link>
		<dc:creator>Basil Siddiqui</dc:creator>
		<pubDate>Fri, 15 Oct 2010 23:38:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2349</guid>
		<description>Credit score isn&#039;t the only thing that determines your purchase power or ability to get approved for new credit. Other factors include: highest credit limit, types of credit (loan, credit card, mortgage, etc), and length of credit history. Even though Buffet may have a lower score because he doesn&#039;t care about his utilization ratios (one example), he probably has VERY high limit cards and over half a century of credit history.</description>
		<content:encoded><![CDATA[<p>Credit score isn&#8217;t the only thing that determines your purchase power or ability to get approved for new credit. Other factors include: highest credit limit, types of credit (loan, credit card, mortgage, etc), and length of credit history. Even though Buffet may have a lower score because he doesn&#8217;t care about his utilization ratios (one example), he probably has VERY high limit cards and over half a century of credit history.</p>
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		<title>By: mandy</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2231</link>
		<dc:creator>mandy</dc:creator>
		<pubDate>Sun, 28 Feb 2010 06:00:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2231</guid>
		<description>This is a stupid thing to even be writing about, but he doesn&#039;t need credit. So, why would he really have a super high credit score? Why pay interest when you don&#039;t have to? Who cares about his credit score? Credit only stresses people out and makes them live outside their means. You do not need credit to make a happy comfortable life in this world. You are probably more secure without it. So, why does everyone expect the entire world has massive debt. 

This is what cause the whole economy to go down the tubes. This line of thinking about credit. Why don&#039;t you try saving your money for what you want? It is really simple. Just don&#039;t buy all dumb things you think you need but don&#039;t. Then you too can live a who the F*** cares what my credit score is life. 

I find it amusing how people judge others by their credit score. Seriously I have no clue what my score is and don&#039;t really care. I pay my bills on time. I have a cell phone. I have everything I want. I pay cash for my cars. I splurge here and there on a nice dinner. 
But, I never use credit cards. I don&#039;t need them. 

You see here is where the problem lies. The credit propaganda has made people believe they need credit. Right now you can buy a house even with out credit save your money for a few years and see what you have. Imagine living a debt free life. Where you don&#039;t need credit.

You see this is what the credit card distributors want is people to think they need credit. That mentality is what makes them millions every month. So, maybe instead following along blindly with the pack you should reevalute your line of thinking where this matter is concerned.</description>
		<content:encoded><![CDATA[<p>This is a stupid thing to even be writing about, but he doesn&#8217;t need credit. So, why would he really have a super high credit score? Why pay interest when you don&#8217;t have to? Who cares about his credit score? Credit only stresses people out and makes them live outside their means. You do not need credit to make a happy comfortable life in this world. You are probably more secure without it. So, why does everyone expect the entire world has massive debt. </p>
<p>This is what cause the whole economy to go down the tubes. This line of thinking about credit. Why don&#8217;t you try saving your money for what you want? It is really simple. Just don&#8217;t buy all dumb things you think you need but don&#8217;t. Then you too can live a who the F*** cares what my credit score is life. </p>
<p>I find it amusing how people judge others by their credit score. Seriously I have no clue what my score is and don&#8217;t really care. I pay my bills on time. I have a cell phone. I have everything I want. I pay cash for my cars. I splurge here and there on a nice dinner.<br />
But, I never use credit cards. I don&#8217;t need them. </p>
<p>You see here is where the problem lies. The credit propaganda has made people believe they need credit. Right now you can buy a house even with out credit save your money for a few years and see what you have. Imagine living a debt free life. Where you don&#8217;t need credit.</p>
<p>You see this is what the credit card distributors want is people to think they need credit. That mentality is what makes them millions every month. So, maybe instead following along blindly with the pack you should reevalute your line of thinking where this matter is concerned.</p>
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		<title>By: Max A Million</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2229</link>
		<dc:creator>Max A Million</dc:creator>
		<pubDate>Sun, 28 Feb 2010 03:17:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2229</guid>
		<description>His score is low because ALL credit scoring systems have no way to evaluate an individual&#039;s WEALTH or INCOME. Mr. Buffet&#039;s income from wages is relatively small...maybe $100K a year or so. The credit score is based on factors that Mr. B has no interest in fixing: having a home loan, having revolving credit that isn&#039;t being rolled from month to month, or having a car note. He probably has an Amex Centurion card (due in full each month) and maybe a GEICO credit card (ha!) and that&#039;s it. So no 800 score for the Boss.</description>
		<content:encoded><![CDATA[<p>His score is low because ALL credit scoring systems have no way to evaluate an individual&#8217;s WEALTH or INCOME. Mr. Buffet&#8217;s income from wages is relatively small&#8230;maybe $100K a year or so. The credit score is based on factors that Mr. B has no interest in fixing: having a home loan, having revolving credit that isn&#8217;t being rolled from month to month, or having a car note. He probably has an Amex Centurion card (due in full each month) and maybe a GEICO credit card (ha!) and that&#8217;s it. So no 800 score for the Boss.</p>
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		<title>By: Greg</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2227</link>
		<dc:creator>Greg</dc:creator>
		<pubDate>Sun, 28 Feb 2010 02:39:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2227</guid>
		<description>A FICO &quot;credit score&quot; is really a way to show how much debt you have.  A true way to show someone&#039;s net worth is to use a debt-to-equity ratio.  I am surprised that Warren Buffet&#039;s FICO credit score is so high.  I have absolutly no debt (my house is even paid off) and I do not have a FICO score. This is the reason our financial institutions are in so much trouble. They don&#039;t even know how to handle money.</description>
		<content:encoded><![CDATA[<p>A FICO &#8220;credit score&#8221; is really a way to show how much debt you have.  A true way to show someone&#8217;s net worth is to use a debt-to-equity ratio.  I am surprised that Warren Buffet&#8217;s FICO credit score is so high.  I have absolutly no debt (my house is even paid off) and I do not have a FICO score. This is the reason our financial institutions are in so much trouble. They don&#8217;t even know how to handle money.</p>
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		<title>By: Bryan</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2225</link>
		<dc:creator>Bryan</dc:creator>
		<pubDate>Sun, 28 Feb 2010 02:29:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2225</guid>
		<description>I guess thats why we gave out bad loans. Credit bureau isnt accurate!!!!!!</description>
		<content:encoded><![CDATA[<p>I guess thats why we gave out bad loans. Credit bureau isnt accurate!!!!!!</p>
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		<title>By: Bryan</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2223</link>
		<dc:creator>Bryan</dc:creator>
		<pubDate>Sun, 28 Feb 2010 02:19:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2223</guid>
		<description>This shows you how inacurate the credit bureau is!!!!</description>
		<content:encoded><![CDATA[<p>This shows you how inacurate the credit bureau is!!!!</p>
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		<title>By: christine</title>
		<link>http://www.creditaddict.com/archives/warren-buffetts-credit-score/comment-page-1/#comment-2221</link>
		<dc:creator>christine</dc:creator>
		<pubDate>Sun, 28 Feb 2010 01:48:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.creditaddict.com/archives/warren-buffetts-credit-score/#comment-2221</guid>
		<description>I&#039;d trade WB his money for my considerably better  credit score anytime! LOL!</description>
		<content:encoded><![CDATA[<p>I&#8217;d trade WB his money for my considerably better  credit score anytime! LOL!</p>
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