And it’s not just Americans either. At least in Germany we’ve got credit agencies that rate you with their secret algorithms. Got a bad score? Sucks for you!
I don’t know about having to take out loans to improve it though. I think that does the opposite. I’m not an expert, correct me if I’m wrong.
Having ongoing loans might be negative although something like a mortgage for a house you bought with bank assistance typically won’t. You aren’t expected to take out loans to establish your reliability.
And it’s not just Americans either. At least in Germany we’ve got credit agencies that rate you with their secret algorithms. Got a bad score? Sucks for you! I don’t know about having to take out loans to improve it though. I think that does the opposite. I’m not an expert, correct me if I’m wrong.
Having ongoing loans might be negative although something like a mortgage for a house you bought with bank assistance typically won’t. You aren’t expected to take out loans to establish your reliability.