- Please reference “Our guiding principles and practice policies” topic for discussion regarding consumer debts, bad debts, and good debts.
- Debt and credit decisions must be guided by their impacts on the long term financial objectives of investors, independent of potential beneficial or detrimental effects on credit scores (e.g., FICO and VantageScore credit scoring models). Do not allow the credit score tail to wag the financial and investment dog.
- If you seek protection from others, use a credit card. If you seek protection from yourself, use a debit card.
Bentley Makkar
April 8, 2023
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