you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 1 year ago (3 children)

Is it though?

I work on an adjacent industry.

Lenders lend money, that's how they make money.

If you've got savings and a steady job and can offer something a house as security they're gonna lend you the money to buy thay house, even if you don't have a score.

The score as a number, and the concept of building your credit score, is really just something bankers tell you when they're trying to get you to take a credit card.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 3 points 1 year ago (2 children)

    So if you have taken more loans in the past & repaid a lot of credit card debt you get a cheaper loan/can afford a bigger loan.

    It's what we call predatory tactics & are usually banned.

  • source
  • parent
  • hideshow 2 child comments