this post was submitted on 15 Feb 2024
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Microblog Memes

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The numbers will determine your fate (lemmy.world)
submitted 9 months ago by The_Picard_Maneuver@lemmy.world to c/microblogmemes@lemmy.world
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[โ€“] gentooer@programming.dev 1 points 9 months ago (1 children)

O wow, strange system. So you are basically encouraged to sign up for a service that you won't use?

[โ€“] partial_accumen@lemmy.world 1 points 9 months ago

Its a bit of gaming the system, but I see the logic in it.

Since self control is an important part of repaying debts, having a card (line of credit) that you could use, but don't, indicates you have a level of self control. There are people that, given any amount of credit line, will immediately run the debt up to the limit.

The measure of a person having a line of credit and not using it indicates to lenders you do have that level of self control. This isn't the only input used in a lending decision, but I can see the value of it when we're trying to determine one small test applied to general large populations.