this post was submitted on 15 Feb 2024
1710 points (98.5% liked)

Microblog Memes

5837 readers
1719 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago
MODERATORS
[email protected]
[email protected]
1710
The numbers will determine your fate (lemmy.world)
submitted 9 months ago by [email protected] to c/[email protected]
292 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 1 points 9 months ago (1 children)

O wow, strange system. So you are basically encouraged to sign up for a service that you won't use?

[โ€“] [email protected] 1 points 9 months ago

Its a bit of gaming the system, but I see the logic in it.

Since self control is an important part of repaying debts, having a card (line of credit) that you could use, but don't, indicates you have a level of self control. There are people that, given any amount of credit line, will immediately run the debt up to the limit.

The measure of a person having a line of credit and not using it indicates to lenders you do have that level of self control. This isn't the only input used in a lending decision, but I can see the value of it when we're trying to determine one small test applied to general large populations.