Date: 2019-03-05 03:19 pm (UTC)
ancientreader: sebastian stan as bucky looking pensive (0)
For what it's worth, your low credit rating is owed partly to the fact that you have no credit card and no debt. The logic is that your credit rating is supposed to reflect how reliably you pay off your bills, with the monthly credit card bill front and center. Which isn't unreasonable in and of itself, except that of course the credit card companies make most of their money off the interest on unpaid balances. But if it's even conceivable that you might one day want to buy a car or a dwelling, then you should get a credit card, use it sparingly, and pay off the balance on time every month so you don't fuck up your life.

I also have the impression that your rental payments and utility costs might not leave a paper trail? If that's so, it too is probably damaging your credit rating. Same principle, in that you're not establishing a record of paying your bills, even though you are, in fact, paying your bills.

A million and one things are wrong and unjust about credit and credit ratings, but there you have it, that's how it works. The Wikipedia article "Credit Scores" is pretty good.

/is not a financial adviser but has a mortgage so has perforce developed familiarity with this system

ETA: I've been freelance for decades so didn't know this, but the Wikipedia article also mentions that more and more employers are using credit scores in evaluating job applicants. YES THIS IS EXACTLY AS SHITTY AS YOU THINK IT IS.
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