I always assumed credit scores were an integral and historic part of the American financial system.
They were not, they are very recent，most of your parents didn’t have credit scores growing up, and as you can probably tell or at least intuit, it’s mostly just a b******* scheme for those with capital to accrue more capital by invading your privacy.
I hope this is satire… because that’s not how you are supposed to use credit cards if you want to have a good credit score.
Lol why not? I did the same thing when I bought a washer and dryer and my score is over 750. I had the cash to pay it outright but why spend it when Home Depot will finance it for free?
It was a response to someone asking why one would accumulate multiple cards. It’s a reason. I’ve done it. I have 800+ credit score. Guess it worked out. I think the most important factors are paying your shit down fast and maintaining a good ratio of high available credit with low usage. At this point I’m at three or four cards and one or two other lines of credit. In the past, it’s been more of each.
Basically, you don’t get a good score by not using credit.