>I've heard the advice from independent financial advisors, not from bankers. These advisors would make no money off the few dollars interest.
OK. But the bank still gets a small slice FROM you, and for no legitimate reason. Why should the "fact" that you can "recover" from a partial payment affect your credit rating at all???
It's the same as the (apparent) fact that you (almost) HAVE TO have a credit card in order to have a good credit rating. Surely a "credit rating" can be derived without having to have/use a credit card!
But since it looks like one cannot, I'd say that the banks have, yet again, taken an "instrument" originally designed to help BOTH sides in a credit situation and 'evolved' it to their own direct gain.
Geez, they've even convinced many employers that they should review an applicnt's credit rating when applying for a job. In 99% of cases that shouldn't matter one whit.
It sure looks to me that banks have turned the "credit score" into a business-building tool. And I believe that's inherently WRONG.
>
>>Why not????? Why should I GIVE my hard-earned money to a bank?
>>
>>Also, isn't there something a bit incestuous (for lack of a better word) here?... the banks have a whole lot to do with what your credit rating looks like and they 'suggest' that you carry a balance from time-to-time just to "prove" you can do it???? Making a few bucks for themselves in the process!!!!
>>Sorry, but I simply neither understand nor accept such "logic".
Previous
Next
Reply
View the map of this thread
View the map of this thread starting from this message only
View all messages of this thread
View all messages of this thread starting from this message only