Reported 1 day ago
A Missouri IT contractor, Ren, is worried that his recent drop in FICO score after paying off his car loan could jeopardize his job in security for banks. Despite concerns from clients in finance and government contracting about creditworthiness, financial expert Dave Ramsey suggests that Ren should explain his situation to his employer, arguing that being debt-free should not be seen as financially irresponsible. The story highlights the flaws in the FICO scoring system and its impact on employment, encouraging open communication with employers about credit changes.
Source: YAHOO