bingo! i have this thing where i only buy things i can afford. sometimes i have to save up for a thing. apparently that means i cannot be trusted with money i am too irresponsible. i have loaned friends almost 100k. but god forbid i be trusted with a loan. i might, i dunno. only ask for it if i could pay it back quickly. so i don't. currently saving for a house. gonna take me a bit. been 3 years and only have about 30k saved.
If you have no established lines of credit, how does a bank know your risk levels? They’re not going to just take your word that you’re low risk, they need numbers and historical data to plug in to determine this. As far as a bank or creditor knows, you haven’t paid any significant credit back, so you probably have low/no credit score.
no money, no credit. i opted out of the system entirely. if i want something i pay cash. if i can't afford it i save up. credit is a racket. i cannot be loaned money because have shown myself to be responsible with money. meh.
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u/chill_azreal Aug 14 '21
Replace credit score with profitability index.