It makes perfect sense when viewed from “the credit companies work with lenders to ensure your credit only rises if you’re constantly in more and more debt but still paying it like an obedient little wage slave”
This is the answer. I have no debt and pay my credit card off in full every month, automatically. Because of this, my credit score is mediocre. Economic slavery is always the goal.
To add to this, I found out that paying the statement balance before it’s due harms your credit score. Because then when the statement comes out, it shows that you owe zero and this makes it seem like you’re not using your card. At least, this has been my experience.
So, DO pay your full balance on time each month, BUT you need to wait for the statement balance to be generated before doing so.
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It makes perfect sense when viewed from “the credit companies work with lenders to ensure your credit only rises if you’re constantly in more and more debt but still paying it like an obedient little wage slave”
This is the answer. I have no debt and pay my credit card off in full every month, automatically. Because of this, my credit score is mediocre. Economic slavery is always the goal.
I have no debt and pay my card in full every month too but I have amazing credit.
My oldest lines are nearly 20 years old at this point. Is it possible you just haven’t had any credit lines long enough?
My oldest credit line is exactly 20 years old. I genuinely don’t know why it isn’t higher, but it doesn’t affect me in any way, so I don’t care
How much are you putting on your card each month? If it’s a relatively low amount, that might be a contributing factor.
To add to this, I found out that paying the statement balance before it’s due harms your credit score. Because then when the statement comes out, it shows that you owe zero and this makes it seem like you’re not using your card. At least, this has been my experience.
So, DO pay your full balance on time each month, BUT you need to wait for the statement balance to be generated before doing so.
I’ve gotten dinged for not having enough accounts/credit lines.
My old car payment fell off last month, and I bought a car with cash (not a great car, but it was cheap) - now I’m in the “fair” zone.
But fuck me for not wanting a shitload of credit cards/loans, right?