[GH85Carrera]

My MIL got married in 1950. They saved all they could, and built their first house and paid as they built it. They moved through three houses and each time they paid cash by spending little, saving a lot, and no frills. They raised two kids, and when my FIL died, my MIL wanted to use her computer more and buy stuff on-line. She had to go talk to the vice president at her bank. She had taught him in the 4th grade so he had known her most of his life. He looked at her checking account balance, CDs and knew the very nice place where she lives is paid for, along with nice paid for cars and zero debt. He had to override the system to issue her credit card, because she had zero credit history.

I have two credit cards. One is for my business purchases, the other is for my personal use. Both are with USAA. Both are set up on automatic pay the statmente balance on the due date.

My credit rating was dropped a few points when I took out the first loan in this millennium to buy an airplane for the business. The airplane cost more than my 3 car garage, 2,800 sq foot house. Unfortunately no one does cheap home mortgage loan rates on airplanes.

The entire credit rating system is smoke and mirrors. Paying off a home loan should not drop your rating, but I guess it did. My rating has climbed as the airplane loan is on automatic pay, and the credit cards continue to get paid for statement balance on time as we spend money.