Comment on Oh yes daddy credit please
vateso5074@lemmy.world 4 days ago
Yeah the system makes no sense. I got dinged -12 points this week for some reason, apparently for continuing to pay my student loans on time and using my one credit card for the exact same purchases I always do, which I likewise always pay off each month automatically.
I’ve gotten dinged for not having *enough* accounts/credit lines.
My old car payment fell off last month, and I bought a car with cash (not a great car, but it was cheap) - now I’m in the “fair” zone.
But fuck me for not wanting a shitload of credit cards/loans, right?
SARGE@startrek.website 4 days ago
It makes perfect sense when viewed from “the credit companies work with lenders to ensure your credit only rises if you’re constantly in more and more debt but still paying it like an obedient little wage slave”
JoMiran@lemmy.ml 4 days ago
This is the answer. I have no debt and pay my credit card off in full every month, automatically. Because of this, my credit score is mediocre. Economic slavery is always the goal.
fan0m@lemmy.world 4 days ago
I have no debt and pay my card in full every month too but I have amazing credit.
My oldest lines are nearly 20 years old at this point. Is impossible you just haven’t had any credit lines long enough?
JoMiran@lemmy.ml 4 days ago
My oldest credit line is exactly 20 years old. I genuinely don’t know why it isn’t higher, but it doesn’t affect me in any way, so I don’t care