I think he has some good theories and practices, but people DO need to have credit, just to keep the credit history and scores alive. My main complaint with Dave Ramsey is that he teaches/preaches that you should not have ANY debt or use credit cards, but yet, he accepts credit cards for his materials!!!

Most 'experts' say you should have a mortgage, even if it's just for the tax deduction on interest, and auto loans are a great way to boost your score. Credit card debt is the one most people can do without! If you have one or two cards, charge small and pay in full every month.

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"It's not about how much baggage you have, it's about whether or not you can carry your own baggage with grace and dignity."