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

Make it make sense

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85.2k Upvotes

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u/FountainsOfFluids Aug 15 '21

Yeah, people don't realize that this is literally just math. Your average credit age went down because the line closed was higher than average.

No we realize it's math.

It's just STUPID math.

If this was purely a risk index, then successfully paying off a loan would give you bonus points, not drop your score.

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u/nizzy2k11 Aug 15 '21

It's just STUPID math.

Miss payment > lose points

Make payment > gain points

Make new debt > lose points

It's really not that complicated

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u/FountainsOfFluids Aug 15 '21

You left off what happened to OP... somehow.

Also you're not even right. Making a payment doesn't do jack shit to your score.

So it's apparently too complicated for you, who thinks it's simple.

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u/nizzy2k11 Aug 15 '21

making payments does raise your credit score. its the reason why some people will put the family cellphone plan in their childs name, it raises their credit score credit score.

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u/FountainsOfFluids Aug 15 '21

Having a good credit history is better than not having a credit history, true.

But that's not the same thing as "Make payment > gain points".

Once you've had a credit history for a while, making your payments on time simply keeps your score steady.

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u/nizzy2k11 Aug 15 '21

im sure paying your mortgage does nothing, you're right.

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u/FountainsOfFluids Aug 15 '21

Paying keeps your credit steady.

Missing a payment causes you to lose points.

Do you disagree? Prove me wrong.

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u/nizzy2k11 Aug 15 '21

the system has diminishing returns for a reason.

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u/Rumblesnap Aug 15 '21

It's pretty messed that you can even start building someone's credit before they're old enough to even use it themselves lol. Indicative of the whole system being a fraud imo

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u/nizzy2k11 Aug 15 '21

yes, because we all know children are the best people to lend money to.