Late Stage Capitalism

And didnt exist until 1989 in the US. Credit scores and Tay Tay are the same age.

fun fact, neither is the social credit they complained that china had, but the western credit score is basically a social credit that punish people for not consuming beyond their means.

It's reasonably common in the developed world. And it's a good idea that lenders be able to easily know how responsible borrowers are with repayment. That the US' implementation of credit scores is problematic in some areas shouldn't be used as a blanket dismissal of a credit scoring system.

Is credit score in the US the same as social score in China but you are owned by your billionaire instead of the party?

Remember Katrina?

Like a grim reaper state farm is there

Someone t-boned (and totaled) my truck and they had State Farm for car insurance. Everyone involved acknowledged I was not at fault, except State Farm. They wanted to write it off as a mutual fault, which would mean they wouldn’t have to pay for my damages. They also never told my insurance company, because it was news to them when I mentioned it. I just hope my insurance doesn’t go up because of their ineptitude.

I just left a job with State Farm. They also the most expensive and go out their way to fuck you hard.

I got them to replace my roof like 4 years ago, but it was an argument that took a couple of months because they wanted to go around and spot replaced only the damaged shingles. I stayed nice and held my ground that doing so would look bad and thus diminish the value of my home. It was like pulling teeth, but I was able to talk with someone at state farm who felt like wanting me to get my way by speaking nicely without myself being a pushover.

just know that State Farm is one of the worst companies for ~~Homeowners~~ Insurance.

I wouldn't get any state farm insurance. We had to sue to get the very coverage outlined in the policy for uninsured/underinsured driver coverage.

Just the worst.

No kidding! Way back in the 80s I had a US Bank account called "The Only Account". It was a checking and savings account where checking always had a balance of zero. When I wrote a check or withdrew money from an ATM, they automatically transferred money from savings to checking to cover it, and then the checking balance immediately went back to zero and that was that. No overdrafts. Ever. There was an annual fee of I think $20/year.

I don't know where that idea went, but banks and even credit unions now act like they never heard of such wacky nonsense. "Overdraft protection" consists of loaning you the money, no matter how much you have right there in your savings acct, and they charge a fee each time and of course also charge interest on the loan. Ridiculous.

Fuckk. Sorry to hear that.

My credit rating is so bad that I had to have my brother co-sign a lease for me fifteen years ago. The landlord told him his credit rating was the highest he's ever seen. My brother (and his wife) were in debt up to their eyeballs - over $100K in credit card debt and a mortgage they were deeply underwater on. They're still in bad shape financially; meanwhile I now own my own home outright (having paid cash for a fixer-upper after saving up for a few decades). I still have shitty credit and it's not affecting me negatively in any way.

Just dealt with this. I didn't even exist in the credit system. I've even been told if I had BAD credit I would qualify for something.

Eventually I did get connected to a small local credit union and got a pretty good deal on interest as a 'first time buyer's program.

I've found that this is usually a "staying with a single insurance provider" problem. I usually end up switching every two years or so, but I check everytime my six month renewal comes up. I've found that my premiums pretty consistently go down so long as I keep looking around. The last few times I switched from geico to progressive then back to geico, and the cost went down each time I switched.

Fun fact. At the last call to make sure my insurance was switched over properly, I had the csr angrily explain that in order to get the same affect, all I had to do was ask for a reevaluation of my policy. It turns out that the automated systems that send out your new price every renewal don't do a good job of adjusting the premiums down and you're supposed to ask a person at the company to review things if you don't like the automatic price.

I plan on continuing my personal policy of switching providers every few years anyways. I'd rather have the new customer prices than deal with a person on the phone going through every option to see if the new price is actually better or worse than the competitors offers.

it's your car now, not the bank's. so you can reduce your coverage and lower your premiums. the higher rates are to make sure the insurance company doesn't lower their profits when you drop the 'full' coverage.

make an appointment w/their funds person and we can design a plan

"Do you have two million dollars?"
"No."
"Plan to go back to work."

Think of it as a profitability index rather than a diligence index, and it will make more sense.

No offense, but you're misinformed.

You get a good credit score by borrowing money and paying it back faithfully, not by being perpetually in debt. I carry a mortgage but no other debt, and pay off every credit card balance before charges or interest accrue, and my credit score is solidly in the top range.

I know it's a crazy concept, but to be considered a safe person to lend money to, you have to actually borrow it sometimes and prove that you will pay it back.