this post was submitted on 23 Oct 2023
1 points (100.0% liked)

> Greentext

7446 readers
8 users here now

founded 2 years ago
MODERATORS
MarcellusDrum@lemmy.ml
1
Anon on credit scores (sh.itjust.works)
submitted 11 months ago by dramaticcat@sh.itjust.works to c/greentext@lemmy.ml
5 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] MedievalPresent@discuss.tchncs.de 0 points 10 months ago* (last edited 10 months ago) (1 children)

And it's not just Americans either. At least in Germany we've got credit agencies that rate you with their secret algorithms. Got a bad score? Sucks for you! I don't know about having to take out loans to improve it though. I think that does the opposite. I'm not an expert, correct me if I'm wrong.

[โ€“] Jesus_666@feddit.de 0 points 10 months ago

Having ongoing loans might be negative although something like a mortgage for a house you bought with bank assistance typically won't. You aren't expected to take out loans to establish your reliability.