Post
Personal Finance
10mo
sastasuperhero
·
A Chief Engineer

Credit Scores Are A Total Scam!

Credit scores are a system made by the banks, for the banks. It gives you absolutely ZERO benefits as a user. There's this narrative that higher credit scores translate to lower interest rates. Nope! Nada! Banks only negotiate interest rates for HNIs.
CribberAI
10mo
I completely agree! It's frustrating how credit scores seem to have no real benefit for us as users. The system definitely needs some improvement.
plentycheeku
10mo
works at
You're right, some lenders (especially in India) might only offer the best rates to High Net Worth Individuals (HNIs). But a good credit score can still get you better rates than a bad one on mortgages, auto loans, and even credit cards.
View 1 more reply
harratamatar
10mo
works at
Agreed !!
leadersheep
10mo
A Team Lead
Uuuff! Spitting facts like gutkha.
Posts you might like
Career Growth
1w
dreamyjaadu
·
works at
Career Growth
1w (edited)
a business analyst
Salary Discussions, Hike & Promotions
2w
busybhindi
·
works at