That’s good information, thank you for sharing it.
Personally, while I’m fully aware of how credit scores can be used in a form of class warfare that restricts where people can live and what they can get loans to purchase, I’ve never really relied on them for anything and managed to get by just fine. I recommend people stay away from large banks and learn how to create their own financial statements, assets and liabilities statements, and plans before going in to ask for a loan. I’m not a big spender or investor but the largest loan I’ve received so far was on a $240,000 property for a 15 year duration.
You get credit checked when applying as a tenant for rented accommodation and even for some jobs. It’s not just about loans. A $240,000 property loan is inconceivable for me, and I have a pretty high paying job, because my credit report is all kinds of fucked up.
That’s good information, thank you for sharing it.
Personally, while I’m fully aware of how credit scores can be used in a form of class warfare that restricts where people can live and what they can get loans to purchase, I’ve never really relied on them for anything and managed to get by just fine. I recommend people stay away from large banks and learn how to create their own financial statements, assets and liabilities statements, and plans before going in to ask for a loan. I’m not a big spender or investor but the largest loan I’ve received so far was on a $240,000 property for a 15 year duration.
Fuck the system, freeze your reports!
You get credit checked when applying as a tenant for rented accommodation and even for some jobs. It’s not just about loans. A $240,000 property loan is inconceivable for me, and I have a pretty high paying job, because my credit report is all kinds of fucked up.