this post was submitted on 05 May 2024
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Asklemmy

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[โ€“] acetanilide@lemmy.world 3 points 6 months ago (1 children)

My credit card was cancelled due to nonpayment, so of course my credit score went up (a lot) because my DTI went down

[โ€“] kurcatovium@lemm.ee 5 points 6 months ago (1 children)

I assume this is that famous american thing where you're punished for paying cash, avoiding leasing and subscriptions?

[โ€“] acetanilide@lemmy.world 2 points 6 months ago

Yes. And somehow having $20k credit card debt is worse than $100k student loan debt ๐Ÿซ