I don't have a single friend who takes loans for anything except morgage, wedding or an affordable car. I haven't met anyone who has said taking a loan and having a credit score is anything but bad.
this post was submitted on 13 Jan 2025
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Well, it's not uncommon for poorer people to see payday loans as a bandaid. I took some out in my twenties and everyone in my family has at one point. I'm now in a position that I'd never need one but they're not targeted at people with money. Which should tell the public how absolutely predatory they are.
The credit system is a game to get you stuck constantly paying for things you'll never afford. When I had no debt settled my student loans, and paid off my car, my CS was 630. Now I have 20 K of CC debt, a car loan, and a mortgage, and my score has never been higher.
It's a bullshit system, and now that I have a house, I'm going to clean all that up and go back to never spending on credit again.
I did some time ago. This dude was absolutely reckless with money as a tween, taking out loans and credit cards left and right. He only shared that with me after knowing him four full years, though.
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