Credit scoring began in 1956. That is when FICO was created.
peak ZOG-kitsch. 90% of everyone included in that video would lament the state of this country.
The concept of "credit" or "buying things on credit" was absolutely foreign to the American consumer up until the start of the 21st century. There were literal newsreels about how bizarre it was that people were using a credit card at a place like Burger King for fuck sakes.
High enough since my early twenties to know how easy it is to get a high FICO score. Credit card offers are more plentiful than snow in January. Rent an apartment? Put it on the credit card and pay it every month. Have a payment for anything? Credit card, pay it every month. You don't need ten credit cards, just three or four. Don't pay off the entire card monthly but just enough of it. Do this for long enough and you will approach the 760 which is "good" and where the best rates exist. I watched in real time how I received offers for 50k loans, then 100k, then 200k all at the same interest rate just by refusing to pull off a few leeches.
Wonderful map showing where NOT to move to.
You would pay 0 interest, and indeed nothing at all, if you don't have any credit cards to start with. Credit cards exist for two reasons: to obtain things available right now while you don't have the cash (but will later) and to build up a credit score. A credit score is basically a Jewish scroll that financial rabbis may read and determine how likely it is you will participate in their usurious schemes. If you aren't deemed willing to play this game, you will be denied things like cars or houses, which are only obtainable through debt.
His student loans are probably the oldest line of credit he had. When he paid it off and closed the line of credit, then his next oldest line of credit was likely far more recent and/or smaller. This is what impacted his credit score negatively. It's pretty stupid, but that's part of how it's calculated.
You didn't seem to give a fuck when Biden was giving that much to a bunch of foreigners he imported on a monthly basis..
i doubt this will happen but if it does i dont care. the last stimulus check actually helped me out a bunch (was able to help fix my moms car and buy some much needed tools) yeah it would fuck the economy up but honestly i dont give a fuck about the economy anymore and will continue to not care until we start actually spending money on shit that matters like fixing the entire countries infrastructure where possible. also stop giving money to every single country that asks.
We didn't have ridiculous levels of immigration.
Are you fucking retarded? Let me guess you treated them as magic money cards rather than payment tools.
A credit score shows how reliable you are as an individual to pay back debt that you committed to. The reason why CRA (Consumer Reporting Agencies) have weird credit scores, is because of a couple things:
Do you have a coherent argument or just a veil of tears? Go back to Reddit retard.
astrology but for retarded niggercattle goyslaves
Don't take debt you can't pay off.
I learned everything I know about investing before my parents learned it which in retrospect is just so alarming and strange. It was insane watching them go through the process of working with a financial planner and learning stuff I had been reading about at half their age from a sense of anxiety about my own future. If they had done what I did, back at the age when they were starting out in their careers, we'd be millionaires on a coast somewhere.