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There comes a point where your credit score isn’t useful anymore. If you have a good house with a good mortgage and the best credit cards and have taken any oth
by xwdv 5y ago
There comes a point where your credit score isn’t useful anymore. If you have a good house with a good mortgage and the best credit cards and have taken any other long term loans you need, then you’ve reached the end game. After that point maintaining a high score is just for bragging rights. It makes no sense to pay a massive hospital bill the rest of your life instead of just letting it fall off your credit reports in 7 years.
- Retric 5y agoJobs will also look at your credit score, but for a retired person it can quickly become meaningless.
- EGreg 5y agoWhy do employers care
- greedo 5y agoEmployers are looking for stability, so a poor credit score is a proxy for a risky hire (in their minds). Even if 50% of the low scores are due to either medical debt or student loans, it helps them weed out "undesirables."
- relaxing 5y agoYou might abuse your position for illicit gain in order to pay off debts.
- xwdv 5y agoSo they have an excuse to not hire minorities and people of color who have lower scores on average.