im embarrassed to admit that my knowledge of how credit works is slim. so i have a few questions:
1. why do credit scores only go up a certain amount at a time, but if you don’t make a payment on time, it can plummet 50 points? (just an example)
2. What is a “credit line for cash”, and how does that work?
3. What deeply impacts your credit?
In: Other
It uses your past financial transaction responsibility to predict your future financial accountability. While it’s trashed on Reddit a bit, it’s allowed a major proliferation in lending to responsible people, propelling economic growth.
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