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Joined 4 months ago
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Cake day: March 17th, 2024

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  • The entire “credit rating” system is totally insane and dystopian for people outside the US. Where I am from, we only ever register bad credit, not good credit. If you want to buy a house and need to get a mortgage they can ask for your credit rating. But that only shows how much your current obligations to other creditors are, and whether you have had trouble paying them. And you only cartain obligations are allowed to be shown on such a report.

    In my country, someone with no credit card history whatsoever is in a better position to get a mortgage than someone who has a credit card and pays it off every month. The fact that the US is the reverse is just mad.