Memes

45741 readers

821 users here now

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago

MODERATORS

[email protected]

476

Americans be like (lemmy.ml)

submitted 7 months ago by [email protected] to c/[email protected]

126 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 7 months ago (2 children)

If it was about the ability to pay back loans, then why does it go down when I finish paying the loan? Its about your ability to pay as much interest as possible.

[–] [email protected] 6 points 7 months ago

This. Paid off my house and my excellent credit score dropped by almost 20 points.

[–] [email protected] 2 points 7 months ago

Part of your credit score is also the present. It’s more than a bit predatory, but not having any current financial responsibilities looks bad. For example, if you have no loans whatsoever but paid back a bunch in the past, there’s little evidence saying you can currently pay them off. At least, that’s the theory of it.