Re:Judge rules that student loan debt is dischargeable in ba...
by zulln on Sunday January 12, 2020 @06:32PM
(#22030515)
Did you read the comment? The presumption of that statement was a bad credit to start with.
Aka. bankruptcy vs bad credit, not compared to a good credit score.
Re:Judge rules that student loan debt is dischargeable in ba...
by ouid on Sunday January 12, 2020 @10:34PM
(#22031611)
Tens of thousands of dollars in unpaid student loan debt is bad credit. Your credit score goes down the more money you owe. It is first and foremost a measure of how much you currently owe. This largely determines whether you will be able to take on another debt.
Landlords aren't in the business of providing housing for free, and seek restitution for damages and unpaid rent through the courts. A low credit score or bankruptcy shows that a potential tenant could incur significant damages and unpaid rent, and leave the landlord high-and-dry when the bill comes due.
In today's owner's market, there are plenty of other potential tenants without a poor credit history or bankruptcies.