this post was submitted on 15 Feb 2024
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Remember that your credit score doesn't exist for you. It's not for your benefit. It's for the benefit of lenders, and they don't give a damn how unfair the system is.
This is what people are missing. Credit score is a completely valid metric, but it's just a measure of how likely lenders are to make money off of you.
What I don't get is: since she paid off her car loan, she'd have more disposal income now...? Shouldn't that increase her credit score?
Ah! I get it. So it's a valid metric in theory. It's shit for everyone in practice.