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Peak financial retard (www.businessinsider.com)

posted 37 days ago by NumbaZero 37 days ago by NumbaZero +18 / -1

I took out a $2,000 personal loan even though I didn't need the money, and it bumped my credit score from 'good' to 'very good'

Initially I worried that taking out a personal loan would complicate my life. However, being strategic about my loan has actually made my life easier.

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– factdigger 3 points 37 days ago +3 / -0

That's how credit score has always worked. If you are and have always been zero debt and have zero payback issues/penalties , you are not a good serf-customer hence the low credit score.

Credit score = How much can financial institutions potentially milk from you with interests and penalties

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