this post was submitted on 15 Feb 2024
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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

RULES:

  1. Your post must be a screen capture of a microblog-type post that includes the UI of the site it came from, preferably also including the avatar and username of the original poster. Including relevant comments made to the original post is encouraged.
  2. Your post, included comments, or your title/comment should include some kind of commentary or remark on the subject of the screen capture. Your title must include at least one word relevant to your post.
  3. You are encouraged to provide a link back to the source of your screen capture in the body of your post.
  4. Current politics and news are allowed, but discouraged. There MUST be some kind of human commentary/reaction included (either by the original poster or you). Just news articles or headlines will be deleted.
  5. Doctored posts/images and AI are allowed, but discouraged. You MUST indicate this in your post (even if you didn't originally know). If an image is found to be fabricated or edited in any way and it is not properly labeled, it will be deleted.
  6. Absolutely no NSFL content.
  7. Be nice. Don't take anything personally. Take political debates to the appropriate communities. Take personal disagreements & arguments to private messages.
  8. No advertising, brand promotion, or guerrilla marketing.

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founded 2 years ago
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The numbers will determine your fate (lemmy.world)
submitted 2 years ago by The_Picard_Maneuver@lemmy.world to c/microblogmemes@lemmy.world
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[–] partial_accumen@lemmy.world 1 points 2 years ago

That’s not at all a universal rule, and a low credit score can even affect employment in the US.

I understand that companies use them improperly, but that isn't he fault of the credit score. Thats the fault of the employer (or our lack of laws protecting employees). Nowhere does FICO sell their credit score product as an employment screening tool.

Paying off loans early lowers your score.

I don't believe thats true. Paying off a loan might lower your score, but I don't believe there is anything in the model that takes into account whether it is early payoff or not. Feel free to cite a source that backs your statement.

Using a credit card with a higher limit increases your score.

That's incorrect. Having a card with a high limit, and having only a small revolving balance on it (or no balance) can improve your score. Another way to achieve the same thing is multiple cards with with low to no balance that adds up to a larger total limit.

It’s never ever been a way of establishing that a person is trustworthy to receive a line of credit, it is a scam to put more people into debt and keep them there.

I'm not sure what you're saying here. If a person is able to limit their behavior in spending above a certain percentage of their credit line, then that is a pretty good objective measure someone is trustworthy of certain levels of lending to them. Do you question that?

No one opts in to have a private company collect (and lose) their private information. You’re born into a credit score.

There is no law saying that you are required be involved in borrowing. If you've never opened any line of credit, you won't have a score.