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In other countries at least, there are score-builder credit cards that come with relatively high interest (and presumably capped credit limits) to allow high-ri
by selfhoster11 6y ago
In other countries at least, there are score-builder credit cards that come with relatively high interest (and presumably capped credit limits) to allow high-risk borrowers such as yourself to build up their credit history. Once you use one of these for a while and pay it off every month, you would start building up a credit history/credit score that would allow you access to better lending deals.
- spiritplumber 6y agoThat's the thing though: someone who has bought their car and their home in cash isn't a high-risk borrower, rather, he or she is someone who is able to save in order to do that, so he or she should be considered a low-risk borrower. I'm not going to acquiesce to the contrary.