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No, it's based on a lot more than that, like how long you've been in the system, and average age of account. This is why you can be radioactive despite never ha
by SilasX 3y ago
No, it's based on a lot more than that, like how long you've been in the system, and average age of account. This is why you can be radioactive despite never having missed a payment on anything -- because you never carried debt.
- Manuel_D 3y agoCorrect, if you have no credit history then financial institutions are not as confident in your ability to pay back loans. This is not remotely comparable to reducing people's social credit for associating with political undesirables.
- SilasX 3y agoI wasn't making the comparison, I was correcting a misrepresentation you made about the US credit scoring system only penalizing you for not paying debts.
- Manuel_D 3y agoI never said the system only penalizes you for not paying debts: > It's all based on your debts, and repayment of said debt. Absence of credit history is based on your debt (or more specifically lack thereof).
- SilasX 3y agoAnd as written, someone that didn't already know about it would make a false inference about what kind of people would be marked as radioactive. I was pre-empting that (very likely) false inference. The fact that you didn't explicitly say the false thing (or that you can cleverly read "based on debts" to mean some non-obvious thing) doesn't obviate the need for that clarification.
- Dylan16807 3y ago"Clarifications" shouldn't start with the word "No". It might be non-obvious but the phrasing wasn't deceptive or "clever", it's the system that's weird.