this post was submitted on 17 Jul 2025
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Late Stage Capitalism

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[–] chiliedogg@lemmy.world 21 points 12 hours ago

The shitt9est thing about credit is that payments that don't improve your credit can still hurt it when you miss.

Late on rent or your cell phone plan? That's a ding on your credit report. You can't get a loan because you haven't established that you'll pay your debts.

Pay your rent on time for 30 years straight? No credit history. You can't get a loan because you haven't established that you'll pay your debts.