Comment by shalafi@lemmy.world on Anon on credit scores

It was so much better before! When being a woman, or god forbid, being black, counted as serious criteria. Oh, and you best be friends with the banker. (Read the part, again, about being a white man, who was well accepted in the community.)

It’s not a scam, it’s a step forward. Time to take the next step.

Because there are standard metrics for where the score comes from. Each of the big three has slightly different weighting, but it all broadly comes out the same.

The numbers aren’t made up. You can look at your credit report and see what is affecting it.

No you can’t. When you look at your credit report you see a lot of “MAY” and “COULD” and “MIGHT.”

This is horseshit.

Yep it’s not a mystery at all if you care enough to read about it. All these “capitalist dystopia” complainers sound like what I probably thought about credit scores when I was in my early 20s and had terrible credit from being irresponsible with credit cards. My credit score is 800 now because I simply pay my bills on time and have an established history of doing so.

Yeah, it’s not a perfect system and I would welcome increased federal oversight and greater transparency because it does have the potential for abuse.

That said, it’s not numbers made up to keep the little guy down. Lenders want to lend money because they make money off it. The whole point is to determine whether or not you’re a safe investment.

We could have a discussion on the merits of modern usury, which can be deeply predatory and abusive. It’s not the credit score that’s the problem.

The numbers are made up, unless you can actually prove your original statement.

Edit: oh, and since proving a negative is essentially impossible, you can’t actually prove your original statement, so I would recommend not making statements like that, and try to rephrase.

You think the people that scream about credit scores have ever looked at and analyzed their credit report lol

Yes, you brown-nosing corpo-slurping bootlicking twit, I do in fact keep a pretty damn close watch on my credit score because suckups like you will fellate and propagate any capitalist horseshit you can so I have to rather than just NOT WORRYING ABOUT IT and only applying for lines of credit in line with my income levels.

Instead it becomes this stupid game of laddering where you can apply for an increase now, but you can’t apply for new credit, but also you need a new loan to maximize your score, no not that kind of loan, no also don’t pay off the loan that’s bad too, why did you need more credit again?

Anyone ignorant enough to support this needs their own separate financial system that caters to their intrinsic need to be a sub.

Literally nobody is making you apply for lines of credit outside your income levels… that’s entirely on you.

There’s no game to play. You take out credit, you pay it back. You have revolving credit, you pay the balance every month and don’t carry debt. It’s literally that simple.

I have never had to apply for an increase in credit limits, pay your bills and banks/credit card companies will just do it automatically.

It’s really not hard in the least.

So you’ve never had an emergency or a need for a large one-time purchase. Good for you. You are not everyone. The sooner you learn and understand that people that aren’t you exist, the sooner you can graduate high school.

Just because it was worse before, doesn’t mean we can’t also make the NOW better, again.

i dont see the problem with improving your credit score by sacrificing a virgin to the volcano every year, at least anyone can do it instead of just the well accepted white men

im being unfair of course, unlike modern credit scores tossing a virgin into the volcano doesnt still put minorities at a disadvantage

Greentexts, memes, everything 4chan.

Anon on credit scores(sh.itjust.works)

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