You say western but I live in the UK and while credit ratings exist here I have never had a reason to care about them. Never even had a credit card. Only time I borrowed money is for my mortgage.
I’m in the market for a house, so I got my first credit card at the pleading of my broker and have just been putting my essentials on it to push my score over 800. It’s fucking stupid, I’m 40 and financially comfortable with a long history of fiscal responsibility, but I’ll play the stupid credit line game for a year or two to appease the algorithm and then shred the thing once I buy.
I have a feeling that there are a lot of ex-Occupy types like me coming up on that average homebuyers age, having eschewed the banking system for the past 20 years and now being forced to begrudgingly “play ball” like this just to get qualified to pay the money that they already have.
You say western but I live in the UK and while credit ratings exist here I have never had a reason to care about them. Never even had a credit card. Only time I borrowed money is for my mortgage.
You’re fucking with me right? …
Edit: My bad, did not understand the point you were making.
My new response is no shit you don’t gotta worry about credit score if you never owned a credit card lol
You don’t understand what credit score is then.
The usual response I get to not having a credit card is that I must get a credit score to rent or buy a house. Nope.
I’m in the market for a house, so I got my first credit card at the pleading of my broker and have just been putting my essentials on it to push my score over 800. It’s fucking stupid, I’m 40 and financially comfortable with a long history of fiscal responsibility, but I’ll play the stupid credit line game for a year or two to appease the algorithm and then shred the thing once I buy.
I have a feeling that there are a lot of ex-Occupy types like me coming up on that average homebuyers age, having eschewed the banking system for the past 20 years and now being forced to begrudgingly “play ball” like this just to get qualified to pay the money that they already have.