▲ 690 ▼ What's a scam that's so normalized that we don't even realize it's a scam anymore? (lemm.ee) submitted 2 years ago by mastermind@lemm.ee to c/asklemmy@lemmy.ml 960 comments fedilink hide all child comments
[+] balance_sheet@lemmy.world 3 points 2 years ago* (last edited 2 years ago) (2 children) [deleted] permalink fedilink source parent hideshow 4 child comments replies: [–] neshura@bookwormstory.social 2 points 2 years ago In Germany taking out a small loan even tho you don't need it can help massively boost your credit score. That only works because here no credit history is worse than a bad credit history. permalink fedilink source parent [–] Whatsit_Tooya@lemmy.world 1 point 2 years ago It’s more the case that if you use more than 20% it is seen as negative. 0-10% is excellent, 10-20% is good, and it gets worse from there. Every year I request a credit increase despite my spending staying the same simply because it makes my utilization go down. But it’s dumb. I don’t need the extra credit. I’ll never use it. But have to have it to max my score. permalink fedilink source parent
[–] neshura@bookwormstory.social 2 points 2 years ago In Germany taking out a small loan even tho you don't need it can help massively boost your credit score. That only works because here no credit history is worse than a bad credit history. permalink fedilink source parent
[–] Whatsit_Tooya@lemmy.world 1 point 2 years ago It’s more the case that if you use more than 20% it is seen as negative. 0-10% is excellent, 10-20% is good, and it gets worse from there. Every year I request a credit increase despite my spending staying the same simply because it makes my utilization go down. But it’s dumb. I don’t need the extra credit. I’ll never use it. But have to have it to max my score. permalink fedilink source parent