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Topic	So I was reading up on credit in the US and it's kinda blowing my mind
Peace___Frog 01/11/23 12:41:48 PM #30:	masterplum posted... You can get a credit card with basically no credit history. How does it hurt the have not. It hurts people without self control but so does alcohol, cigarettes, the lottery, fast food, fast cars, prostitution, advertisement, time shares.... An individual can be denied a credit card for having no history. And the credit cards with good rewards are exclusively for people with good credit history. Credit scores are used for practically any large purchase that isn't done with cash. Why should my house be more expensive if i had a lower credit score? Note that Not having a credit card is seen as detrimental to your credit score, so the system encourages people to get credit cards in the first place. --- ~Peaf~ <cite>Peace___Frog posted [p:970774977] in So I was r... [t:80308260]...</cite> <quote>masterplum posted... </cite><quote>You can get a credit card with basically no credit history. How does it hurt the have not.It hurts people without self control but so does alcohol, cigarettes, the lottery, fast food, fast cars, prostitution, advertisement, time shares....</quote>An individual can be denied a credit card for having no history. And the credit cards with good rewards are exclusively for people with good credit history. Credit scores are used for practically any large purchase that isn't done with cash. Why should my house be more expensive if i had a lower credit score? Note that Not having a credit card is seen as detrimental to your credit score, so the system encourages people to get credit cards in the first place. --- ~Peaf~</quote> ... Copied to Clipboard!
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