this post was submitted on 25 Jul 2026
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[–] scytale@piefed.zip 12 points 3 days ago (1 children)

The credit score is how financial institutions measure how good of a source of money to extract from you are. It penalizes you for actually being responsible with your money, because you’re not as valuable to them if they’re not earning interest from you.

Pissed me off when my score went down after paying off my car in less than 2 years. That’s when I learned the reality or what it actually is.

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[–] Marshezezz@lemmy.blahaj.zone 11 points 3 days ago (3 children)

I just keep my score at shit levels cos the amount of junk mail I get when it’s good is worse than having bad credit (subjectively)

[–] OwOarchist@pawb.social 5 points 3 days ago (3 children)

I own my house outright. I'm completely debt free, and I intend to keep it that way. Absolutely no idea what my credit score is ... and I don't give a fuck to find out. Because I've escaped from the system. The credit score doesn't matter to me at all anymore.

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[–] lime@feddit.nu 8 points 3 days ago (10 children)

imagine having a credit score

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[–] blockheadjt@sh.itjust.works 6 points 3 days ago

Your credit score is a measure of how long (time) lenders can expect to receive money from you

[–] AlphaOmega@lemmy.world 3 points 3 days ago

The trick is to pay it off, but never fully. At least that seems to be working for me

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