this post was submitted on 16 Nov 2024
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Microblog Memes

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[–] SkunkWorkz@lemmy.world 1 points 6 hours ago* (last edited 6 hours ago) (1 children)

Don’t Americans have a thing called Credit Score. If you are not paying off debt you don’t build up a score and good luck getting a mortgage without one.

[–] MirthfulAlembic@lemmy.world 1 points 4 hours ago

It's a combination of factors. Having debt itself isn't as important as payment history, age of accounts, etc. Credit card debt is probably the opposite of helpful; paying off a card every month in full for a long time is much more useful.