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Anon on credit scores
(sh.itjust.works)
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this post was submitted on 23 Oct 2023
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And it's not just Americans either. At least in Germany we've got credit agencies that rate you with their secret algorithms. Got a bad score? Sucks for you! I don't know about having to take out loans to improve it though. I think that does the opposite. I'm not an expert, correct me if I'm wrong.
Having ongoing loans might be negative although something like a mortgage for a house you bought with bank assistance typically won't. You aren't expected to take out loans to establish your reliability.