Listen, before I spend the next 5 minutes slamming credit scores, FICO and the financial services credit card industry in general, I will admit that I was once amendment about having a high credit score:
- I thought a high credit score was a meaningful indicator of financial success
- I thought a high credit score was an indicator of upward mobility
- I thought a high credit score was the pre-requisite to wealth
When I turned 18, I opened my first credit card with 1st Financial Bank, who gave…