Start a new thread. This one is about banks and loans.
Fair enough. I'll drop the thread derailing.
Start a new thread. This one is about banks and loans.
I think the whole credit system needs to be scrapped. It's just another system for big banks to keep people in debt. We have NO credit cards and have a poor credit rating, but we've got a clean record. Was told by bank to get credit cards to use them to raise my score. Not going to happen.
I think the whole credit system needs to be scrapped. It's just another system for big banks to keep people in debt. We have NO credit cards and have a poor credit rating, but we've got a clean record. Was told by bank to get credit cards to use them to raise my score. Not going to happen.
Why do you need a good credit score? Home lenders still do manual underwriting for those who have a low score do to not borrowing money. A good FICA score simply means your good a being in debt. Nothing more.I think the whole credit system needs to be scrapped. It's just another system for big banks to keep people in debt. We have NO credit cards and have a poor credit rating, but we've got a clean record. Was told by bank to get credit cards to use them to raise my score. Not going to happen.
Unfortunately your correct.
You have to take on credit to have a credit score.
I think the whole credit system needs to be scrapped. It's just another system for big banks to keep people in debt. We have NO credit cards and have a poor credit rating, but we've got a clean record. Was told by bank to get credit cards to use them to raise my score. Not going to happen.
Why do you need a good credit score? Home lenders still do manual underwriting for those who have a low score do to not borrowing money. A good FICA score simply means your good a being in debt. Nothing more.
Ins companies are now using your credit score to place your on the scale of risk for claims, lower the score, higher the risk and premium. Pretty screwed up if you ask me.
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