LogFAQs > #961048398

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Topic	TIL credit scores didn't exist before 1989
lZUAL_REBlRTH 12/19/21 1:45:52 PM #38:	Broseph_Stalin posted... It's a PragerU clone, their videos are filled with lies and misinformation. Credit scores were invented because credit was eventually made accessible to more people. Before that only the rich had access to credit, boomers all had to pay like 14% mortgage rates when they were our age. That was as much to do with inflation as anything. <cite>lZUAL_REBlRTH posted [p:961048398] in TIL credit... [t:79817524]...</cite> <quote>Broseph_Stalin posted... </cite> <quote>It's a PragerU clone, their videos are filled with lies and misinformation. Credit scores were invented because credit was eventually made accessible to more people. Before that only the rich had access to credit, boomers all had to pay like 14% mortgage rates when they were our age.</quote> That was as much to do with inflation as anything. </quote> ... Copied to Clipboard!
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