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Early_To_Risa@sh.itjust.works

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Anon tries to understand credit scores (sh.itjust.works)

submitted 15 hours ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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[–] uncouple9831@lemmy.zip 1 points 4 hours ago* (last edited 4 hours ago) (1 children)

That is a horrible tldr and completely against the precise and accuracy focused spirit of the poster. Very disingenuous.

A better tldr is lenders are looking at your current and past ability to pay your current, past, and predicted debt and sudden changes to the inputs make sudden changes to the point value, but that smooths out over a relatively short time frame on the scale of your life.

Nothing in that message has anything to do with better wages.

[–] IronBird@lemmy.world 3 points 4 hours ago* (last edited 4 hours ago)

nah, no lender gives a fuck about your financial situation, certainly not in america. bankstreet turned boom and bust investing into an science, nothing has changed there.

for the overwhelming majority of people all debt is a trap, for everyone else...it's still a trap, just a useful one.