this post was submitted on 15 Feb 2024
1717 points (98.4% liked)

Microblog Memes

5833 readers
1980 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] HopFlop@discuss.tchncs.de 1 points 9 months ago (2 children)

Who would you rather give a loan to? A person who you know is currently able to pay you back or a person you know was able to pay back the loan 10 years ago?

[–] UnderpantsWeevil@lemmy.world 1 points 9 months ago

The grade dropped as soon as the account was closed, not ten years later.

So this is

  1. Person who is currently carrying a loan
  2. Person who just successfully discharged a loan

And the answer would definitely be 2).

[–] RoosterBoy@lemm.ee 1 points 9 months ago (1 children)

The person who just paid me back, because they can obviously pay me back.

[–] HopFlop@discuss.tchncs.de 0 points 9 months ago (1 children)

Exactly, so that answers the question. When you finish paying your loan, you stop paying back money and thus your credit score is slightly lower than when you were actively paying back.

[–] RoosterBoy@lemm.ee 0 points 9 months ago

That's the opposite of my point. Let me correct myself here. The person who just *finished paying me back because they can obviously *make every payment until it is paid back again, as they have obviously demonstrated.