3 ms·

CRA information gets used in any situation where there are payments over time, even if they aren't "credit" situations. Renting, getting utilities, etc.

abraham_lincoln 8y ago
Also, car insurance rates.
UncleEntity 8y ago
All the places I've rented only cared if there was an eviction on your record and I've never had an issue getting utilities -- sure, they usually want a deposit since I have a bad credit rating because I'm horrible at paying bills on time but they always give me service. The last place I rented started the eviction process the very same afternoon the "grace period" ended -- think I was off doing reserve stuff that weekend or simply forgot -- and that caused me to not be able to move into a fancy apartment complex once upon a time (though, mostly, they were using it as an excuse to discriminate against a "dirty truck driver" who didn't fit the kind of people they wanted in their yuppie complex, which they basically told me) but my current landlord could care less, as long as you pay your rent (not necessarily on time) and don't cause any problems you're golden.
- niij 8y ago
  Why would an apartment owner want to rent to someone who had been evicted? I would assume that would be the #1 thing they look out for. Applicants who didn't hold up their end of a rental agreement is a strong indicator. If your employer paid you late because they were "bad at paying their bills" you'd be pretty upset, as would most people.
- lotsofpulp 8y ago
  You’re the perfect use case for the utility of credit reporting agencies by people who care about getting paid on time, which is almost everyone.
  - spaceribs 8y ago
    If you define the grace period in your contract, and they are a little late with a payment, punishing them for what you agreed to seems counter to the contract. If they fall outside of the grace period, you should have a legal means to arbitrate and make it public record.
    - lotsofpulp 8y ago
      Yes of course. But when someone says they’re late, I assume it’s after the agreed upon deadline which includes a grace period (since that is the real deadline).
      - UncleEntity 8y ago
        Not that it matters too much but IIRC they said you had until the 2nd to pay and the eviction notice was on the door at something like 4pm on the 2nd when I came home. I thought it was absurdly early and went and paid but didn't realize they went to all the trouble of filing with the courts until I was looking for an apartment a year or so later. They were also kind of sketchy when I had to break my lease because my reserve unit got called up to active duty, apparently they were trying to say I had to keep paying until my mom (who was handling my finances while I was gone) threatened to get the army lawyers after them which made them change their tune real quick.
  - UncleEntity 8y ago
    I'm not playing victim or making excuses here, just saying that the credit rating game isn't designed to discriminate against people who don't believe in usury (as the OP claimed) but to serve as a tool to warn against people like me who can't be bothered to fulfil their contractual obligations in a timely manner. If I, in my perpetual slackitude, can acquire all the necessary things to live then someone who does pay their bills on time but doesn't believe in credit should have no problems at all is all I'm saying.

abraham_lincoln 8y ago

Also, car insurance rates.

UncleEntity 8y ago

All the places I've rented only cared if there was an eviction on your record and I've never had an issue getting utilities -- sure, they usually want a deposit since I have a bad credit rating because I'm horrible at paying bills on time but they always give me service. The last place I rented started the eviction process the very same afternoon the "grace period" ended -- think I was off doing reserve stuff that weekend or simply forgot -- and that caused me to not be able to move into a fancy apartment complex once upon a time (though, mostly, they were using it as an excuse to discriminate against a "dirty truck driver" who didn't fit the kind of people they wanted in their yuppie complex, which they basically told me) but my current landlord could care less, as long as you pay your rent (not necessarily on time) and don't cause any problems you're golden.

niij 8y ago
Why would an apartment owner want to rent to someone who had been evicted? I would assume that would be the #1 thing they look out for. Applicants who didn't hold up their end of a rental agreement is a strong indicator. If your employer paid you late because they were "bad at paying their bills" you'd be pretty upset, as would most people.
lotsofpulp 8y ago
You’re the perfect use case for the utility of credit reporting agencies by people who care about getting paid on time, which is almost everyone.
- spaceribs 8y ago
  If you define the grace period in your contract, and they are a little late with a payment, punishing them for what you agreed to seems counter to the contract. If they fall outside of the grace period, you should have a legal means to arbitrate and make it public record.
  - lotsofpulp 8y ago
    Yes of course. But when someone says they’re late, I assume it’s after the agreed upon deadline which includes a grace period (since that is the real deadline).
    - UncleEntity 8y ago
      Not that it matters too much but IIRC they said you had until the 2nd to pay and the eviction notice was on the door at something like 4pm on the 2nd when I came home. I thought it was absurdly early and went and paid but didn't realize they went to all the trouble of filing with the courts until I was looking for an apartment a year or so later. They were also kind of sketchy when I had to break my lease because my reserve unit got called up to active duty, apparently they were trying to say I had to keep paying until my mom (who was handling my finances while I was gone) threatened to get the army lawyers after them which made them change their tune real quick.
- UncleEntity 8y ago
  I'm not playing victim or making excuses here, just saying that the credit rating game isn't designed to discriminate against people who don't believe in usury (as the OP claimed) but to serve as a tool to warn against people like me who can't be bothered to fulfil their contractual obligations in a timely manner. If I, in my perpetual slackitude, can acquire all the necessary things to live then someone who does pay their bills on time but doesn't believe in credit should have no problems at all is all I'm saying.