My credit score is just under 750 right now and I haven't had any significant bills for a while. It's all because I co-signed with a loan my dad got that has been counting toward it.

I still can't open a line of credit above $350 tho. That score is so bullshit.

I missed a credit card repayment by 1 day and my score dropped almost 300 points (UK. 800 (very good) -> ~500 (below average))

Why would that cause your score to go down!?

Same here, paid off a 6 year in 2, score dropped 54 points.
Surprised all my student loans didn't buffer it a bit those are very old.

ooh this reminds me I had a coworker confidentially tell me credit doesn't go down after closing a line! I know in the long run it's beneficial but when living paycheck to paycheck it's not very easy to think about the future :)

I have refused to talk to her since lmao

I can't speak for anywhere else but credit scores are more or less bullshit in Australia.

As in, of course if you have outstanding bills or a legal claim against you no one gonna lend you money. You don't need a score to tell you that.

Similarly, if you've got enough money for repayments banks want to lend you money.

Anything in-between is about specific problems. An unpaid bill, not enough income, whatever.

The actual credit score isn't important. It's more like marketing - get a credit card to improve your score.

I paid off all of my debt and closed all of my open accounts. Credit score 515. Make it make sense. Fuck up once? 7 years of bad juju. Pay off all your debt? they forget immediately.

Money is the worship of a pure abstraction. Money is religion. It's the religion we were all inducted into. We perform rituals to gain the symbolism of our worship in the form of papers, sing metals, and abstract credit. We have faith in our religion, based on the morality and parables we've created around it. Should you lose your faith In the great pure abstraction, there are many broadcasts that evangelize it, justify its existence, and tells you how to live by its virtues.

Car companies typically use TransUnion and they are normally higher than the other 2.

It actually sounds like the opposite.

Your "good" credit card customer is presumably paying more credit card fees on accounts so is actually less sound financially.

So if you mean playing the rules means paying higher fees to credit cars companies then that just helps show how stupid the system is.

Also, I actually disagree fundamentally with the argument. If it's just based on how old your accounts are then that is a shitty system. It's not only easy to play by the rules, but then presumably to abuse them as age of an account doesn't indicate much about your ability to pay off bills.