Financial Guru Ramsey Misses Mark on Credit

Although Dave Ramsey is a noted financial guru and has become very popular due to his seemingly sensible advice, his thoughts on credit card usage and credit score are wrong. His advice ignores that you need a credit rating to rent an apartment or buy a home. He also makes the unfounded assumption that debit cards are less risky than credit cards, even though credit cards carry more fraud protection and can offer small benefits on ordinary purchases.