FluentInFinance,
@FluentInFinance@mastodon.social avatar

My credit score dropped when I paid off my car.

My credit score dropped when I paid off my student loans.

The system punishes you for not owing any money.

They told me: "You should get more loans to increase your credit score."

The system is predatory and wants you to be in debt.

Credit scores are one of the biggest scams.

tseitr,
@tseitr@mastodon.sdf.org avatar

@FluentInFinance don't get me started.

the bank : gives your data to two private company (equifax and transunion), not negotiable.

it's your responsability to keep your file up to date with these 2 private companies. huh, what?

the private companies : oh no, we got hacked.

the private companies : we'll give you free monitoring of your credit for a year to compensate, usually, it cost 20$

me : I... I never agree to any of this, I had no choice.

WagesOf,
@WagesOf@gamepad.club avatar

@FluentInFinance amazingly enough I have no debt at all and an 800+ credit score.

Which would be impossible if what you're saying is true.

But you obviously have no clue how credit scores are calculated. They are forced, by law, to publish how they're calculated and what inputs they're basing your specific score on.

Your ignorance is your fault.

Stop spreading it around.

lewiscowles1986,
@lewiscowles1986@phpc.social avatar

@FluentInFinance you only need very good score to buy a home

coldclimate,
@coldclimate@hachyderm.io avatar

@FluentInFinance same,and strong agree

lin11c,
@lin11c@toad.social avatar

@FluentInFinance
There needs to be legislation to stop these predatory policies. Disgusting.

rticks,
@rticks@mastodon.social avatar

@FluentInFinance Boomers by majority think its fine

TimWardCam,
@TimWardCam@c.im avatar

@FluentInFinance Why do you care what your credit score is if you have little or no need to borrow money?

rticks,
@rticks@mastodon.social avatar

@TimWardCam @FluentInFinance

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