I noticed on my banking app that my credit rating had gone down!

[druid@toot.wales]

I noticed on my banking app that my credit rating had gone down! Oh no, I thought. What's happened? What's gone wrong?

Absolutely nothing.

Seems you get punished for taking on debt and then punished more for paying it off.

How does this help anyone?

[simonzerafa@infosec.exchange]

@druid

It's doesn't. It helps the lenders, not the customer ‍️

[paulk@writing.exchange]

@druid What flocking madness is this? What nincompoopian brain has come up with this?

[russcheshire@mastodon.scot]

@druid "...so be a good little consumer, hurry along and spend money you haven't got on things you don't need. Got to keep the bankers happy!"

[snaprails@cupoftea.social]

@druid I was told that someone who has never borrowed has the worst credit rating even if they have a good income.

[christineburns@mastodon.green]

@druid I get marked down for paying off my credit card in full every month.

[aral@mastodon.ar.al]

@druid @RussCheshire

[mrsimoto@gts.mrsimoto.nohost.me]

@druid you're not spending enough, i.e. you're not serving capitalism enough