Comments on: Warren Buffett’s Credit Score

By: mandy

mandy — Sun, 28 Feb 2010 06:00:24 +0000

This is a stupid thing to even be writing about, but he doesn’t need credit. So, why would he really have a super high credit score? Why pay interest when you don’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’t you try saving your money for what you want? It is really simple. Just don’t buy all dumb things you think you need but don’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’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’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’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.

By: Max A Million

Max A Million — Sun, 28 Feb 2010 03:17:34 +0000

His score is low because ALL credit scoring systems have no way to evaluate an individual’s WEALTH or INCOME. Mr. Buffet’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’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’s it. So no 800 score for the Boss.

By: Greg

Greg — Sun, 28 Feb 2010 02:39:48 +0000

A FICO “credit score” is really a way to show how much debt you have. A true way to show someone’s net worth is to use a debt-to-equity ratio. I am surprised that Warren Buffet’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’t even know how to handle money.

By: Bryan

Bryan — Sun, 28 Feb 2010 02:29:37 +0000

I guess thats why we gave out bad loans. Credit bureau isnt accurate!!!!!!

By: Bryan

Bryan — Sun, 28 Feb 2010 02:19:46 +0000

This shows you how inacurate the credit bureau is!!!!

By: christine

christine — Sun, 28 Feb 2010 01:48:33 +0000

I’d trade WB his money for my considerably better credit score anytime! LOL!

By: luis

luis — Sun, 28 Feb 2010 00:46:57 +0000

Mr.buffets HAS PROBABLY ENOUGH MONEY TO BUY YES TO BUY ALL THE B.S. CREDIT SCORES COMPANY,AND COME NOW WITH THAT LAME SCORE,FOR ALL OF US THAT IS HARD TO MAKE END MEET,BETWEEN PAYING RIGHT OR GET REPORTED TO THE CREDIT BUREAU.I DONT BUY THIS !!!!!!!!! DO YOU!!!!

By: Tim

Tim — Thu, 04 Dec 2008 10:36:35 +0000

it’s probably because he doesn’t have much personal debt and because he doesn’t have a wide variety of personal debt. it makes sense that his score wouldn’t be perfect.

By: djames

djames — Mon, 14 Apr 2008 17:46:10 +0000

Wow,

The credit companies were actually dumb enough to post a billionaires credit score.

The credibility of those companies was low before, now I really wonder where they get their scores. My guess would be they use a random number generator

By: Biff Tanner

Biff Tanner — Thu, 03 Apr 2008 05:51:28 +0000

After I paid off my house, Capital One Bank canceled my visa. Why? Because my debt to credit ratios went down do to paying off the loan for my home.

There I was with more money each and every month and no debt except $7,000 on a student loan at $80 per month and $3,000 left on a car loan at $260 per month. That was it and I was a bad credit risk.

The next month Capital One sent me an application for a visa with a limit for the same amount but 0% for one year.

Go figure. First they let me go then they want to give me money with out rent.

I’ll go back but I want a free round trip ticket anywhere in the USA.