I still don’t understand credit scores as a 36 yr old despite doing very well in business school and I’m pretty sure they were made up then when there were rules but no one is even using those rules anymore
Like why do I have to be in debt to have a good credit score wtf???
I deliberately avoided all debt in my life and now that’s counted against me?? I get that it’s a privilege to avoid it but how does me never having any debt count against me so that I am unable to buy a house or something?
@Qbae you don't need to be in debt, you need to get a loan and pay it back. Doesn't have to be a long term thing. Simply even a line of credit, with weekly automated deposits, and you withdrawing money to use for whatever purposes, would suffice. You'd pay nothing in interest and fees and would build credit.
@lacuda no that’s ridiculous