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submitted 4 days ago by [email protected] to c/[email protected]
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[-] [email protected] 3 points 4 days ago

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.

[-] [email protected] 1 points 3 days ago

So if you have a history of repaying debts, on time, you get offered lower interest on loans because you're less of a risk to lend to.

Fixed.

[-] [email protected] 0 points 3 days ago

But still not true. The correlation is low, the system just feeds itself.

this post was submitted on 21 Jun 2025
896 points (99.1% liked)

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