The Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 2 months agoHow could this happen? imagemessage-square152linkfedilinkarrow-up1950arrow-down15
arrow-up1945arrow-down1imageHow could this happen? The Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 2 months agomessage-square152linkfedilink
minus-squarecandyman337@lemmy.worldlinkfedilinkarrow-up5·2 months agoIt’s your credit age actually, it gets cumulatively lower because whatever loan it is isn’t adding to your credit age, which is absolutely ridiculous.
minus-squareNatanael@infosec.publinkfedilinkarrow-up3·2 months agoAh, yes, “it’s taken this dude longer than this other dude to pay off his debt, surely we want to give him MORE credit”
minus-squarecandyman337@lemmy.worldlinkfedilinkarrow-up3arrow-down1·2 months agoIt’s designed so that “sweet spot” customers have the best credit scores, those who have enough to reliably pay but not enough to pay it off any time soon.
It’s your credit age actually, it gets cumulatively lower because whatever loan it is isn’t adding to your credit age, which is absolutely ridiculous.
Ah, yes, “it’s taken this dude longer than this other dude to pay off his debt, surely we want to give him MORE credit”
It’s designed so that “sweet spot” customers have the best credit scores, those who have enough to reliably pay but not enough to pay it off any time soon.