Re:The careless errors of credit reporting agencies
by twblalock on Sunday September 11, 2016 @09:48PM
(#12476698)
> You can have 10mio on your account, but if you have no job or own your own company it will actually affect your credit score.
That's not true. Your FICO score does not take into account your employment status, nor your income.
> With regards to the debit card the point is that the kind of purchases you did before you got a credit card, aren't going to change dramatically or fundamentally after you get one.
If that were true, it would contradict your earlier argument that "most people don't use it like that which is why it's such a good business." Your statements cannot both be true.
That's not true. Your FICO score does not take into account your employment status, nor your income.
> With regards to the debit card the point is that the kind of purchases you did before you got a credit card, aren't going to change dramatically or fundamentally after you get one.
If that were true, it would contradict your earlier argument that "most people don't use it like that which is why it's such a good business." Your statements cannot both be true.