Your Credit Worthiness Based On Your Purchases
General Thoughts and Fun Topics

Your Credit Worthiness Based On Your Purchases

What a crazy story this was. I was just watching this clip about how some credit card companies and banks in the US are apparently keeping an eye on the type of things people use their credit cards for as a potential warning sign of the person having financial difficultly.

For example, if the person used their credit card for a medical related bill they may do things such as increase one’s interest rate or how it could be a sign to drop one’s credit score. I personally don’t see how that can be truly relevant compared to whether or not a person pays their bills on time.

It’s almost like saying that if a person purchases a bunch of financial management books or making money videos with their credit card that it would be a good sign to increase their credit limit and score. Sounds kind of silly to me.

Leave a Reply

Your email address will not be published. Required fields are marked *