More “score” brainwashing by the media

[Deleted User]

Seriously do they not run these posts past any professionals before hitting publish?

“Each agency will give you an individual score. Lenders look at these credit scores when you apply for a loan or mortgage. A bad score can scupper your ability to get a loan, or may result in you having to pay a higher interest rate.”

Come on now...

https://www.thetimes.co.uk/article/how-0-cards-could-be-ruining-your-credit-score-mlfrtz5r0

boo_star

I can only see part of the article. The reference to credit ratings seems OK, the "score"? Not entirely. It's not clear if they're referring to lender scores or CRA ones.

But expecting the media to do basic research nowadays is silly. It's all about page views. MSE is notoriously bad for this.

Dandytf

Seems accurate enough stating what a few million credit card holders experience in not managing to pay off cards during 0% duration, meaning interest is accumulated costing a small medium or large amount.