2 ms·
FYI historically we did away with many of the debt related laws and centralization, because that could / will likely lead to debters prison. That being said, ob
by lettergram 9y ago
FYI historically we did away with many of the debt related laws and centralization, because that could / will likely lead to debters prison. That being said, obviously things need to change, but based on your description, it's not really a credit agency. If they can't determine how credit worthy you are (historic payments are the #1 indicator), then they really don't have any information besides current debt.
- bakhy 9y agoyour ability to pay is better determined by looking at pay slips, which a bank can (and probably will) demand from you. the fact that you paid X dollars monthly for Y years is not sufficient to determine the upper limit of your paying ability. so, i think a combination of nice pay slips + lack of defaults in the past is quite sufficient.