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A comment on The careless errors of credit reporting agencies. Parent comment

Re:The careless errors of credit reporting agencies by mikeash on Sunday September 11, 2016 @11:58PM (#12477096)
And you're not nearly tied up enough on the credit vs debit part. The whole point of a credit report is to determine your suitability for credit, which is something that simply doesn't apply to a debit card.

A ton of people suddenly become financially irresponsible just because they get a credit card. It's a massive problem, and that's why companies want to see some history. Being responsible with a debit card where there are hard limits on how irresponsible you can be doesn't mean a whole lot for how you'll be with a credit card.

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Re:The careless errors of credit reporting agencies by ThomPete on Monday September 12, 2016 @10:55PM (#12485333)
Yes I am aware of what the point is. What I am telling you is that it's not necessary which is witnessed by other countries who have no problem not using credit history to give people credit.

The problem with people using the credit card lies as much in the incentive structure of getting points, building credit etc.

And it's obviously speaking against your claim that so many american have issues with their credit cards given that the very test your claim is necessary is failing on so many.

So no I understand the balance pretty well.

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