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.
Andrew Lokenauth /
npub144…450vp
2024-08-01 17:01:48
Author Public Key
npub144rtt3jc6225m4gcpeftdgekm9rsssrwspnkwtyvqampfk6wmzvs4450vpPublished at
2024-08-01 17:01:48Event JSON
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"content": "My credit score dropped when I paid off my car.\n\nMy credit score dropped when I paid off my student loans.\n\nThe system punishes you for not owing money.\n\nCredit reporting agencies told me: \"Get more loans to increase your credit score.\"\n\nIt's a business for them.\n\nThe system is designed to incentivize debt.\n\nIt's predatory.\n\nThis is why so many are in debt.\n\nCredit scores are borderline a scam.",
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