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1
Just wondering if the rest of the world uses 'Credit Scores' for life as much as the USA does.
The entire premise of the methodology seems like a scam.
You need credit to get credit? C'mon, that doesn't* even make sense.
If I pay my bills on-time and only purchase things with cash, I am a higher risk than someone with $40,000 in credit debt; so I pay more for everything from mortgages to insurance.
How does paying my bills and not over-extending myself equal a credit risk?* I just checked my score after being declined for a line of credit and was shocked at my credit score.
I don't have any credit cards because I don't want to pay monthly fees and service fees. If I want something, I will save up and buy it, why does society force debt upon me in the name of 'Good Credit'?
Effing ridiculous.
Is this how it is everywhere or just in America?
The entire premise of the methodology seems like a scam.
You need credit to get credit? C'mon, that doesn't* even make sense.
If I pay my bills on-time and only purchase things with cash, I am a higher risk than someone with $40,000 in credit debt; so I pay more for everything from mortgages to insurance.
How does paying my bills and not over-extending myself equal a credit risk?* I just checked my score after being declined for a line of credit and was shocked at my credit score.
I don't have any credit cards because I don't want to pay monthly fees and service fees. If I want something, I will save up and buy it, why does society force debt upon me in the name of 'Good Credit'?
Effing ridiculous.
Is this how it is everywhere or just in America?
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