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Honestly credit is completely overrated. You can rent apartments for example even if you've never owned a credit card or taken out loans provided you have a job
by swiley 6y ago
Honestly credit is completely overrated. You can rent apartments for example even if you've never owned a credit card or taken out loans provided you have a job and can prove it. People just want to know you have the ability to pay them and behavior is a really stupid way to judge that.
- Nowado 6y agoCreate a better one and own the world.
- sokoloff 6y agoPast behavior is not a guarantee of future behavior, but it’s a pretty good heuristic I think. If you’re contemplating lending money with no collateral to 2 people, one with a 10 year track record of other borrowing and consistently paying back loans as agreed and no information about their employment and a second person where all you know is they have a job, which one would you rather lend to? The lender wants to know that you will pay them not that you could afford to pay them.