374
Anon on credit scores
(sh.itjust.works)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Oct 2023
374 points (96.8% liked)
> Greentext
7547 readers
157 users here now
founded 2 years ago
MODERATORS
And it's not just Americans either. At least in Germany we've got credit agencies that rate you with their secret algorithms. Got a bad score? Sucks for you! I don't know about having to take out loans to improve it though. I think that does the opposite. I'm not an expert, correct me if I'm wrong.
Having ongoing loans might be negative although something like a mortgage for a house you bought with bank assistance typically won't. You aren't expected to take out loans to establish your reliability.