Are Credit Scores a Scam? Community Debate | FriendZone
Summary
The FriendZone | Make Friends ⋅ Fun Chill Active Chat ⋅ VC Social Gaming ⋅ Memes ⋅ Nitro Emojis ⋅ Anime community recently engaged in a lively debate regarding the fairness and purpose of credit scores. Members discussed the misconceptions surrounding how lenders profit from loans versus the reality of debt management. This discussion highlights the active and diverse conversations happening within the server, where members share real-world perspectives on financial topics.
victim of your own decisions
I dont understand the usage of credit scores, they just want us to get more broke when using credit cards and loans, even tho it depends on how people uses their loans and credit cards wisely but at the same time credit score in general is such a joke overall
that’s actually such a misconception
Loaners don’t want you to have bad credit scores
They only make money when you’re making good on your payments lmfao
If you’re in crippling debt and don’t have anything else to ur name they’re just losing money on you
yeah thats basically what credit score is ffor
although having a loan do come in clutch at times but still gotta pay em back (hopefully the interest rate isnt too crazy lol)
most of the times..yea
