Incorrect. But let’s assume you are. This means you cannot: Buy a house, buy a car, take out a loan, get a credit card. For expanded uses, you cannot potentially: keep a credit card, rent a car, rent a home, get a job. Credit scores are made up bullshit invented in the 80s to hurt poor people. But they are still used to, get this, hurt poor people. Rich people don’t have credit scores because they have collateral for all their loans that’s a lot more liquid than a house.
Also, fun fact, your credit can be used to calculate the price you pay for insurance, a required thing even if you outright buy a car or house. So there is no escaping it.
of course credit scores are made up, you don’t find those in nature, but for millions of people it affects where they can get a place to rent and if they get hired
If everyone has a low credit score, no one has a low credit score.
Source: I have a relative who is a landlord that had to start renting to people with low credit because he couldn’t find an applicant that meets his “credit requirement”.
We’re not particularly rich, but my mum had never taken a loan before and when she was trying to get a phone contract, a company told her she couldn’t get a contract with them because of this.
they can fuck your credit score and garnish your state tax returns
Credit scores are made up.
Their only value is for loans and credit.
Fun fact - rich people don’t have credit scores. Interesting isn’t it?
Incorrect. But let’s assume you are. This means you cannot: Buy a house, buy a car, take out a loan, get a credit card. For expanded uses, you cannot potentially: keep a credit card, rent a car, rent a home, get a job. Credit scores are made up bullshit invented in the 80s to hurt poor people. But they are still used to, get this, hurt poor people. Rich people don’t have credit scores because they have collateral for all their loans that’s a lot more liquid than a house.
You can buy houses and cars without a credit score.
If you want other people to buy your stuff for you, that’s when you need credit.
Yeah sure. People who can’t pay hospital bills and default and destroy their credit can save enough to buy houses and cars straight cash.
You should probably reread the thread.
Tell that to every landlord and property management company.
Also, fun fact, your credit can be used to calculate the price you pay for insurance, a required thing even if you outright buy a car or house. So there is no escaping it.
Insurance isn’t required for a house, althought that’s a really bad decision since all it take is one bad cooking mistake to lose your house.
Insurance is required if you have a mortgage, which is necessary to be a homeowner for 99% of folks.
Wealthy people absolutely have credit scores, and leverage loans and credit every single day to expand and protect their wealth.
Anything can be a fun fact if you’re just making stuff up.
of course credit scores are made up, you don’t find those in nature, but for millions of people it affects where they can get a place to rent and if they get hired
If everyone has a low credit score, no one has a low credit score.
Source: I have a relative who is a landlord that had to start renting to people with low credit because he couldn’t find an applicant that meets his “credit requirement”.
Everyone has a credit score, but rich people don’t take regular loans.
Hello, American.
Do you have a source for that? I’ve never heard that before.
We’re not particularly rich, but my mum had never taken a loan before and when she was trying to get a phone contract, a company told her she couldn’t get a contract with them because of this.
State tax returns? What, all $40 of it?