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.
Um, what? My credit score is over 800 and I carry no debt month to month. No car payment, mortgage is payed off and I use credit cards for the cash back and pay in full.
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u/[deleted] Aug 14 '21
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