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/biz/ - Business & Finance

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21725020 No.21725020 [Reply] [Original]

Euro here, what the fuck even is credit score?

>> No.21725045

>>21725020

Its something retarted burgers invented, more you dont need to know.

>> No.21725051

>>21725020
It's a score for how much money jews think they can make off you through usury

>> No.21725055

>>21725020
Basically, it's China's social credit score, but for Americans.

>> No.21725143
File: 35 KB, 500x500, 1588886772637.png [View same] [iqdb] [saucenao] [google]
21725143

the banks give you points for going into debt with them and with more points you are eligible to go into more debt. its kind of beautiful how the bankers have trained such a large 2nd world country to volunteer to be slaves to the bankers with this point system.

>> No.21725214

>>21725020
If you take out more and more debt and make the payments consistently your score goes up. If you don't pay your loans, or if you don'thave any debt your score goes down. A lot of people get credit cards and use themfor everyday purchases to boost their score. It's just a system meant to push you deeper into wageslavery.

>> No.21725242
File: 9 KB, 220x220, tenor.gif [View same] [iqdb] [saucenao] [google]
21725242

>>21725143
what apen if you have 0 debt

>> No.21725278

>>21725242
you don't get any points.

>> No.21725328

It is a rating system that shows how trustworthy you are with money. If you pay your bills on time, and pay more than the minimum required payment, your credit score goes up.

You guys wouldn't understand, poorfags in general don't know how to manipulate credit to their advantage.

>> No.21725348

>>21725278
And that's a good sign, isn't it? The fewer points, the better off you are?

>> No.21725497

>>21725348
No its actually worse somehow to not even have a score. If you need to use it you will not be allowed to at all whereas if you even have some number there's at least a chance

>> No.21725546

>>21725497
Waw, it really is a vicious system.

>> No.21725564

>>21725020
>>21725055

It's like China's social credit score. Instead of being judged by your loyalty to the state, you're judged by your loyalty to banks and corporations.

>> No.21725627

>>21725278
>>21725242
You are "supposed" to pay off your denbts to raise your score.
>rack up some debt
>pay it off
>number goes up
>interest rates lowered
>access to better loans

>> No.21725659

>>21725348
most people are proud when they have high credit scores. but to people who don't take on bank debts, the points don't matter.

>> No.21725661

>>21725328

If you were trustworthy with your money you wouldn't loan money to buy depreciating assets like cars, weddings, whatever.

You guys are retarted, and too narcissistic to admit it.

>> No.21725737

>>21725020
>credit score
to get a loan in italy, instead of credit score, you have to put your parents house as collateral, 30% downpayment and sign with blood

>> No.21725742

>>21725020
If you go to rent an apartment landlords will want to see if your credit score is bad or not. This is usually a $50 charge for you just to apply to get the apartment and you can't get it back even if they deny your application.

>> No.21725817

>>21725328
>You guys wouldn't understand, poorfags in general don't know how to manipulate credit to their advantage.
Why bother when you can just make hundreds of thousands of dollars in crypto or options trading?

>> No.21725959

>>21725348
>>21725661
The bank has no way to know if you're trustworthy without past history of paying on time.

>> No.21726214

>>21725959

How about not going into debt (and if you go into debt it is due to assets that don't depreciate/gain in value) = probably someone who has is responsible with money.

>> No.21726357
File: 115 KB, 850x512, credit.jpg [View same] [iqdb] [saucenao] [google]
21726357

It's literally good goy points. Can (((they))) trust you with their money? Yes? Then you get preferable interest rates. Buy a house, start a business, whatever you want, baby-you're proven to be an asset. Are you an n-word that can't make his minimum payments responsibly? You get bad interest rates and many banks won't loan to you at all.

>> No.21726514
File: 10 KB, 744x336, creditscore.png [View same] [iqdb] [saucenao] [google]
21726514

>>21726357
For example, I took out a big loan early in 2019 to invest into crypto. Then I got into a car accident a month or two later and got seriously justed yet again. While going into debt sucks, because I've been making double payments and payments-and-a-half on my loans my score skyrocketed pretty quickly and now I have a good credit history that I can use to pursue a business, mortgage or whatever with among the best interest rates possible.

>> No.21726717

>>21725627
so it's basically american express membership points, but where you get more points the more you loan (and pay back)?

>>21725661
This. Why not increase the score with time spent NOT taking out a loan?

>> No.21726772

>>21725328
This. Imagine not making money off every single purchase you make lol.