Andromxda 🇺🇦🇵🇸🇹🇼@lemmy.dbzer0.com to Political Memes@lemmy.worldEnglish · 3 days agoAMERICAN FREEDOM!!! 🇺🇸🇺🇸🦅🦅🦅🦅lemmy.dbzer0.comimagemessage-square83fedilinkarrow-up1892arrow-down18file-text
arrow-up1884arrow-down1imageAMERICAN FREEDOM!!! 🇺🇸🇺🇸🦅🦅🦅🦅lemmy.dbzer0.comAndromxda 🇺🇦🇵🇸🇹🇼@lemmy.dbzer0.com to Political Memes@lemmy.worldEnglish · 3 days agomessage-square83fedilinkfile-text
minus-squareEvil_Shrubbery@lemm.eelinkfedilinkarrow-up4arrow-down1·2 days agoSo if you have taken more loans in the past & repaid a lot of credit card debt you get a cheaper loan/can afford a bigger loan. It’s what we call predatory tactics & are usually banned.
minus-squareObjectivityIncarnate@lemmy.worldlinkfedilinkarrow-up1·2 days ago So if you have a history of repaying debts, on time, you get offered lower interest on loans because you’re less of a risk to lend to. Fixed.
minus-squareEvil_Shrubbery@lemm.eelinkfedilinkarrow-up1arrow-down1·1 day agoBut still not true. The correlation is low, the system just feeds itself.
So if you have taken more loans in the past & repaid a lot of credit card debt you get a cheaper loan/can afford a bigger loan.
It’s what we call predatory tactics & are usually banned.
Fixed.
But still not true. The correlation is low, the system just feeds itself.