• partial_accumen@lemmy.world
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    9 months ago

    Having no debt,

    This is the only part the credit reporting agency sees. In that situation they have to make the lending score base on your history, which tells them nothing of your current situation.

    lots of savings, and decent income apparently counts for nothing.

    The credit reporting agencies don’t see any of this. There is no component in a credit score for your savings or income.