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Anon tries to understand credit scores
(sh.itjust.works)
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this post was submitted on 27 Dec 2025
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Credit scores are used to tell companies how much they can earn on lending you money.
Paying back quickly reduces the amount they can earn, lowering your credit score.
Not paying it back obviously lowers the score.
The way I understand it, to raise your credit score you need to slowly pay back your loans, so you pay back maximum interest.
Note however that I am just a cynical IT guy in Sweden with zero actual exposure to US/UK style credit scores, and that I may be talking out of my ass.
100% spot on.
It's absolutely a scam designed to extract even more wealth from the poors.
No joke, I've had a car dealership tell me they can't sell me the car I want because my credit score was nonexistent (no credit history in 7 years). I was paying in full, in cash, literally in an envelope in my hand.
Grand total of 8k, all in 100s, super easy to count.
But no, I didn't have a "good enough credit score" so I couldn't buy that car from them, despite having the money to do so.
Mental gymnastics on that one.
The dealership wanted you to finance so that you'll pay them interest, because they make more money that way. If they completely refused, what's most likely is that the car was being sold at a price that gives them zero/negative profit margin, so without financing, they'd literally take a loss selling it for straight cash.