Re:China’s New Tool for Social Control: A Credit Rating for ...
by rconti on Monday November 28, 2016 @08:36PM
(#13059997)
I'm sure there are all kinds of legitimate reasons you can get bad credit, before we even get into all of the mistakes that could be made.
One of my credit cards gives me monthly updates on my credit score. It always lists 3 positive and 3 negative factors impacting my score, no matter how good the score.
Currently one of the 3 negatives is "highest credit card limit too low". Not debt:available. Just straight up "too low a credit limit on your highest-limit card". And yet, I could buy an entry level luxury car on several of my credit cards.
I'm not implying that a silly ding on my credit like that is as 'serious' as delinquent payments, but... well, the truth is, I have no idea. And isn't that the point?
One of my credit cards gives me monthly updates on my credit score. It always lists 3 positive and 3 negative factors impacting my score, no matter how good the score.
Currently one of the 3 negatives is "highest credit card limit too low". Not debt:available. Just straight up "too low a credit limit on your highest-limit card". And yet, I could buy an entry level luxury car on several of my credit cards.
I'm not implying that a silly ding on my credit like that is as 'serious' as delinquent payments, but... well, the truth is, I have no idea. And isn't that the point?