Good credit scores are for the wealthy, the healthy and the lucky. If you're poor, you don't have a good credit score. You couldn't. You will pay your bills late, and if you've been poor more than 6 months, you know exactly how long each utility will wait before shutting you off- and you pay your bills accordingly. I've heard the advice not to get a credit card, but that's just the tip of the iceberg. Gas has gone up, electricity has gone up, water has gone up, food prices have skyrocketed, but you know what hasn't gone up? Wages.
More and more people are living one paycheck away from absolute ruin and part of the problem is credit scores. It wouldn't do me much good to finish college, because I couldn't pass a credit check anyway.
And what's the logic? I have no idea. There's no correlation that I could find between poor job performance and poor credit, and what sort of people do they think are desperate to get a bank teller position paying a little over minimum wage?
It's just another way to keep the boot of the plutocracy to my throat and make sure I, and millions more like me, don't ever climb one rung up the ladder.-Keeping the Boot on Your Throat, One Policy at a Time
I know from personal experience what it's like to find yourself suddenly unemployed (happened to me a few years ago) and without any savings to rely on to get you through, because, how can you save any money when each paycheck disappears before you've barely had a chance to hold the phony Federal Reserve Notes in your hands?
As for credit cards, face it, the banks are pond scum, in numerous ways, from the criminal interest rates they charge, to their practices when it comes to people unable to pay the bills. Do I use credit cards? Sure, but I'd rather not. I like having one just for emergencies, but find myself forced instead to use them to make it to the next paycheck, otherwise I wouldn't be able to get to my slave job in the first place, because I wouldn't be able to put gas in my car.