Real estate investor Grant Cardone sparked controversy by criticizing credit scores as a debt trap. He suggested the wealthy buy assets without needing a credit score. His comments drew mixed reactions on social media, with some questioning the practicality of his advice. Cardone has a history of condemning consumer debt and its negative impact.

Personal finance guru Dave Ramsey also dismisses the importance of credit scores, emphasizing that they reflect engagement with debt rather than financial success. Ramsey argues that income, savings, and net worth do not influence credit scores. He shared a personal anecdote about being unable to rent an apartment despite his wealth due to his zero credit score.

Read more at Yahoo Finance: Grant Cardone Says Credit Scores Are ‘A Trap To Keep You In Debt,’ As Rich People Focus On Assets That Don’t Require One