Comment on Anon tries to understand credit scores
TubularTittyFrog@lemmy.world 13 hours agobecause you deeply misunderstand it.
it basically lets lenders know if you have a history of paying back your loans or not.
it’s that simple. and in the USA medical treatment often requires loans.
taygaloocat@leminal.space 7 hours ago
Then why do you need to engage in having debt and using credit cards to have a good score? If having no credit score is nearly as bad as having a bad credit score then something is wrong.
TubularTittyFrog@lemmy.world 6 hours ago
when i hire someone for a job, how do I know they have experience without being able to verify they have held previous employment in a similar position?
the point of the system is to show you have experience and you pay back your debts. it’s not that anything more than that.