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Oh I thought no debt history would equal clean credit. That’s bananas, surely it’s safer to lend to someone who has never been in debt? I don’t get the logic..
by cyberpunk 6y ago
Oh I thought no debt history would equal clean credit. That’s bananas, surely it’s safer to lend to someone who has never been in debt? I don’t get the logic..
- deleted 6y ago[deleted]
- SturgeonsLaw 6y agoDepending on the lender, they might actually be after people who are always in debt, and who pay their credit cards bills each month but never entirely pay them off.
- elyobo 6y agoNo, it's safer to lend to someone who has handled credit well (i.e. by paying it back) than someone who has no track record. There's a catch-22 if rules are so strict so that you can't get credit because you haven't had credit before, but in general "positive" credit reporting seems pretty beneficial.