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Non-Cattle Specific Topics
Coffee Shop
Borrowing money to build credit.
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<blockquote data-quote="Son of Butch" data-source="post: 1332147" data-attributes="member: 14585"><p>USA runs on credit scores. Having no credit cards or loan history actually lowers your score, not sure by how much.</p><p>It's a messed up system. A history of being a sucker can also raise your score. Credit companies don't like customers</p><p>that pay up before interest is due or those that don't incur added fees. They call them free loaders within the industry.</p><p>What they love are people that always pay, but incur a lot of fees and interest before doing so.</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1332147, member: 14585"] USA runs on credit scores. Having no credit cards or loan history actually lowers your score, not sure by how much. It's a messed up system. A history of being a sucker can also raise your score. Credit companies don't like customers that pay up before interest is due or those that don't incur added fees. They call them free loaders within the industry. What they love are people that always pay, but incur a lot of fees and interest before doing so. [/QUOTE]
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Non-Cattle Specific Topics
Coffee Shop
Borrowing money to build credit.
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