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Andrew Lokenauth /
npub144r…50vp
2024-08-01 17:01:48

Andrew Lokenauth on Nostr: My credit score dropped when I paid off my car. My credit score dropped when I paid ...

My credit score dropped when I paid off my car.

My credit score dropped when I paid off my student loans.

The system punishes you for not owing money.

Credit reporting agencies told me: "Get more loans to increase your credit score."

It's a business for them.

The system is designed to incentivize debt.

It's predatory.

This is why so many are in debt.

Credit scores are borderline a scam.
Author Public Key
npub144rtt3jc6225m4gcpeftdgekm9rsssrwspnkwtyvqampfk6wmzvs4450vp