The Picard Maneuver to Microblog Memes@lemmy.worldEnglish • 1 year agoThe numbers will determine your fatelemmy.worldimagemessage-square161fedilinkarrow-up11.46Karrow-down123
arrow-up11.44Karrow-down1imageThe numbers will determine your fatelemmy.worldThe Picard Maneuver to Microblog Memes@lemmy.worldEnglish • 1 year agomessage-square161fedilink
minus-square@kaonashi@lemmy.worldlinkfedilinkEnglish35•1 year agoCredit rating measures your profitability to the credit industry, if you pay off your loan early, they make in interest, thus less profit.
minus-squareradixlinkfedilinkEnglish5•1 year agoThat would imply people who constantly carry credit card debt would have high credit ratings, which is false as far as I understand.
minus-square@bi_tux@lemmy.worldlinkfedilinkEnglish2•1 year agono it wouldn’t, due to the higher risk of them not peying it back
Credit rating measures your profitability to the credit industry, if you pay off your loan early, they make in interest, thus less profit.
That would imply people who constantly carry credit card debt would have high credit ratings, which is false as far as I understand.
no it wouldn’t, due to the higher risk of them not peying it back