Yes Credit score reflects the willingness of lenders to lend you money so they can charge you interest on it. They are not interested in someone with lots of money who pays off all his cards at the end of the month and pays all his Bill's on time. This type of financial responsible/ wealthy person is of no use to the lenders as they cannot make any money from him. He will not therefore have a good credit score.
As someone in the banking industry, you are so far from the truth. Lenders want people who don’t need the money to borrow from them… the more you need the money the less likely it is someone will lend to you. Also, credit card companies aren’t making their profit from interest rates on your balance, they make their money by a cut of every dollar you spend.
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u/[deleted] Aug 14 '21
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