I think the point here though isn’t as much ‘how do we play the game?’ as it is why there hell are we all forced into playing a metagame that is so inherently harmful and specifically designed to encourage risky behavior (I.e. the idea of debt being favorable)?
It’s a measure lenders use to figure out how likely they are to make money from loaning to you. It’s a very successful metric for them. It’s not really for your best interest, but if you’re aware of what goes into it there are simple, harmless things you can do to raise your score and help you get better rates.
I think the point here though isn’t as much ‘how do we play the game?’ as it is why there hell are we all forced into playing a metagame that is so inherently harmful and specifically designed to encourage risky behavior (I.e. the idea of debt being favorable)?
It’s a measure lenders use to figure out how likely they are to make money from loaning to you. It’s a very successful metric for them. It’s not really for your best interest, but if you’re aware of what goes into it there are simple, harmless things you can do to raise your score and help you get better rates.