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On another note, alternate between two credit cards. I found out the hard way that cards that are classified as business cards are not reported to the ratings a
by zafka 2y ago
On another note, alternate between two credit cards. I found out the hard way that cards that are classified as business cards are not reported to the ratings agencies even if they were acquired with your personal SS#. I cannot put into words my distaste for the way credit scores are being handled.
- josefritzishere 2y agoCredit scores were invented in 1989. Most countries don't have them at all. (UK, US, Canada, Spain, China and Japan do) Personally, I think they should be illegal.
- complaintdept 2y agoThe funny thing they were supposed to provide more equitible and fair decisions in issuing loans, but the exact opposite happened.
- Scoundreller 2y agoAnd still at the end of the day, lenders mostly care whether you earn enough to pay. The credit rating is mainly a way to check how much credit you already have available and whether you’re up to date or not. Oh, and verify your identity (probably the primary purpose of them).