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Money Plan SOS

The no-debt approach to living a full life in a country addicted to credit cards, car loans, and an unrealized bondage to “building a good credit score”.

This show will make you think differently about the way we handle money - while also encouraging you to save and spend wisely.

This feed offers the 200 public releases of the Money Plan SOS podcast, plus bonus recordings never heard before on Apple Podcasts, Spotify or Google.

Enjoy! And pay attention - not interest!

The Money Plan SOS podcast was retired in December 2015, the month Steve and his wife paid off their mortgage!

  1. All Episodes
  2. I'm Saying NO To FICO

I'm Saying NO To FICO

Oct 12, 2011

#34: I AIN'T PLAYIN' NO MO! The FICO Score is a one-sided system of debt evaluation and does not take into account your true financial history.


The 5 Components of a FICO Score:

  • 10% Type of credit (debt)
  • 10% New credit (debt)
  • 15% Credit (debt) history
  • 30% How much you owe
  • 35% Debt payment history

It's all based on debt!

For more information, visit the show notes at  http://moneyplansos.com/sos034-saying-no-to-fico/