tag:blogger.com,1999:blog-26277603.post-47760188474913570182007-06-13T18:59:00.000-05:002007-06-13T18:59:00.000-05:00@James<BR/>Still wondering about the whole utility-bills-count-to-your-FICO-score thing....<BR/><BR/>@Moneymonk<BR/>Do you think that if EVERYBODY paid their balances in full every month, then the cc industry would be a multi-billion dollar one? No, of course it won't. Yet it is. Simply because many people (58%!) do NOT do just that. But consider for a moment, what you could stand to gain, if you sat in the other 42%.<BR/><BR/>People keep talking about "no free lunch", and they're right, in that SOMEONE is paying for your miles/cashback/rewards, BUT they're wrong in that IT DOESN'T HAVE TO BE YOU. The 58% are sufficient enough to pay for the "burden" (on the cc industry) of the 42%, and still produce ginormous profits. <BR/><BR/>It would seem therefore, that the key to winning the game is simply to sit within the 42%, and stay there. If you can't do that, then don't play. But why bash the people who CAN and in fact do so quite successfully?Richardhttp://www.blogger.com/profile/13270864469032089756noreply@blogger.com