Greentext

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This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

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Early_To_Risa@sh.itjust.works

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

submitted 2 days ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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[–] Candice_the_elephant@lemmy.world 2 points 1 day ago* (last edited 1 day ago) (2 children)

Either or, depending on the risk tolerance of your lender.

A low limit credit card with 0 interest if you pay off in full before it's due is a great way to build your credit score.

Just buy stuff on it you'd normally buy without credit, then pay it off ASAP. And you'll build a reliable reputation as someone who can handle credit. Just don't spend more than you can pay off by the time it's due.

[–] RamenJunkie@midwest.social 1 points 1 day ago

Yes, but why is this game even required?

[–] alternategait@lemmy.world 1 points 1 day ago

the loans are a lot more risky. What happens when a loan is riskier? The interest rate is higher, or people are just outright rejected.

And the likelihood is that the people who are outright rejected will follow unfortunate patterns.