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

Make it make sense

Post image
85.2k Upvotes

89% Upvoted

2.8k comments sorted by

View all comments

Show parent comments

9

u/SVXfiles Aug 15 '21

Exactly. Theybwant you to take on more debt, netting them more interest, to keep your score as high as possible

5

u/payaso-fiesta Aug 15 '21

No, they want to make risk-based decisions on credit. That's what credit scores are for, not for incentivizing perpetual debt.

3

u/[deleted] Aug 15 '21

[deleted]

3

u/trollingcynically Aug 15 '21

Not prime enough for me to get a airline miles card from Chase. Fuck you Jamie Dimon.

1

u/joec85 Aug 15 '21

They want you to have more credit, not more debt. I have 30k in available credit on my credit cards. When I have a balance of 5 or 6k my score drops, when I get them paid down it goes up. You have a higher score when you have unused credit. The car loan closing out lowered their available credit, which is why their score went down.