FICO is kinda stupid in some ways but with responsibility it's not hard to get a decent rate/favorable score. Yes at the top end is dumb you need to open more credit but in practice that's not hard to do assuming you aren't just forced by circumstances to just live off credit.
It only takes one mistake to absolutely crater years of effort.
It takes one pretty big fucking mistake to crater years of effort. I understand it does happen, usually around homes and employment, to which I would agree we need protections. It's not for small shit.
FICO and VantageScore aren’t even looked at when they do a full credit record pull when you apply for something. Reviewers look straight at your history directly and make decisions based on that. Scores are for laypeople to get a general idea of how their history might appear to a reviewer, but every lender has their own criteria.
They are new in the rest of the world. But we don't Need them. Thanks please.
I remember when I started my first job back in 2003 it was extremely rare to have someone pay with a credit card.
Huh, I worked a convenience store/gas station in the late 90s and credit cards were at least half of the sales. Heck, it was kind of funny when someone used a card for candy bar that cost less than a dollar.
I worked at a movie theater and credit cards could only be to purchase tickets and not concessions so that may have had something to do with it
Where did you work? What kind of Boomer clients did you serve?
I worked fast food in '03, it was closer to 50/50.
It's a silly system but really not that hard to do well. Put everything on credit card and set everything to auto pay the statement. That alone will give you good enough credit with little effort.
Yup, and pretend that your credit card is your debit card. I never pay for anything with my credit card unless I know that I can clear the balance immediately after if I had to.
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