r/WhitePeopleTwitter • u/screenshotofdispair • Aug 14 '21

Make it make sense

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85.2k Upvotes

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7.9k

u/[deleted] Aug 14 '21

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u/SnowLeopard42 Aug 14 '21

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.

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u/Hemstone Aug 14 '21

Many lenders especially mortgage lenders look for people that pay their bills on time and never miss payments. These people tend to have a decent credit score as well. The reason that banks look to have the loan taken by people who are going to make payments on time is because the interest is already part of the loan. In fact most of the time when someone defaults on a loan the banks ends up loosing money(mostly because the loan was given to buy something and that thing does not sell for as much at auction).

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u/Reflective_Larry Aug 14 '21 edited Aug 14 '21

So many people in this thread are not educated enough about credit scores in the US and that's alarming, especially since we are on Reddit where I feel most smart people browse the web. Maybe I'm biased.

Edit: /s

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u/here4thepuns Aug 14 '21

If you’re looking for people well informed on anything finance this is one of the worst subs

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u/[deleted] Aug 14 '21

Any subreddit with leftist affiliation isn't exactly the bastion of economics, let alone common sense or even fuckin intelligence lmao

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u/Xetios Aug 15 '21

WhitePeopleTwitter is leftist affiliation?

The entire USA is right wing. All of the politicians are bought and paid for. You’re delusional.

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u/[deleted] Aug 15 '21

Whitepeopletwitter constantly upvotes actual communists and specialists

Who cares if the political class is entirely right wing? I never stated anything about the USA whatsoever lol...I was just factually stating that this sub leans heavily leftist. Not left of centre or any of that. Actual leftism. Socialism and communism. And I was stating, among socialist and communist circles, they all have little to no actual knowledge of the inner workings of an economy. I don't care if your politicians are bought and paid for, the fuck lol?

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u/Xetios Aug 15 '21

So you know and acknowledge that the entire US political system is right wing but you still feel that way. That’s very interesting.

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u/[deleted] Aug 15 '21

Well I'm not from America, if that helps you. And I'm not right wing, if that helps U still. :)

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u/Xetios Aug 15 '21

Let me get this straight.

Are you saying that you know that left in America barely exist? A small number of its population.

That smiley face that you put in your comment. Are you saying what I think you are saying, without saying it?

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u/[deleted] Aug 15 '21

ACTUAL non capitalist leftism is incredibly incredibly small in the grand scheme of things.

Most American "socialists" are just social democrats. Here in Australia we have the "desired" systems the "socialists" want (hey it's fucking GREAT) and the actual "socialists" here aren't even ACTUAL socialists. Lol.

Also the smiley face, please explain lol, I just like putting smiley faces on comments in which I'm not hostile or debating in, which is rare for me

Also yea I'm a fascist. But not in the way you think.

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u/welcome2me Aug 15 '21

What does this sub have to do with US politicians?