1716
you are viewing a single comment's thread
view the rest of the comments
[-] PeriodicallyPedantic@lemmy.ca 7 points 9 months ago

Credit scores aren't a measure of financial stability or trustworthiness, they're a measure of how much money the bank thinks they can make from you.

So if you pay off a loan early, then they aren't making money on your interest payments, so that negatively affects your credit score.

this post was submitted on 15 Feb 2024
1716 points (98.5% liked)

Microblog Memes

5778 readers
2361 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago
MODERATORS