this post was submitted on 20 Aug 2023
700 points (96.8% liked)
Asklemmy
44176 readers
2036 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy π
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yes that's not my experience. It's a measure of how responsibly you utilize your debt. They like to see you use your debt. But they like to see you pay it off. They don't like for you to sit at a high percentage of debt. And they like to see that you've used your debt responsibly for an extended period of time
They want you in debt so you're forced to work, and so that they can grift interest money off you. According to their system it's irresponsible to not have debt, and it's also irresponsible to ask what their magic number is.
When you pay a loan off your score will go down because an account is closed. It's short term though. Not paying a debt will tank the score.
This person is passionately against something they have convinced themselves they fully understand without having any real idea wtf they are talking about. Reading his comments is reminiscent of my mother arguing to me that cost of living isnβt real, such pointless garbage and she gets upset unless you just nod your head and act enlightened somehow. Reading his comments, heβs convinced himself of how the credit rating system is bad, likely reinforced by misunderstood anecdotal evidence and other ignorant people sharing their anecdotal misunderstood experiences, or even made up hogwash. So much so that he digs his heels in and refuses to learn anything that would even allow him to form a valid critique against the credit rating system, preferring instead to be convinced he is infallible and enlightened while loudly spewing confidently incorrect bullshit.