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u/m3t00@lemmy.world
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they know. then they bury the terms in fine print nobody reads and rip-off 20% on unpaid balance while pushing the minimum payment which looks tempting to people not knowing it's mostly interest (see terms) and almost nothing towards principle. balance goes up. title loans are insane rates. compounding is beyond average math skills so they lose their cars and max out cards fast.

thought it was total credit limit / useage % something like that. get a few high limit cards and don't use them much. number goes up. mine bounces about 10 points every month. quit paying attention. always pay balance. hovering at 820 for years. net worth figures in too. not an expert. playing their game 30 years.

on hell yeah! · c/microblogmemes · -1 pts · 10d

'my rules' but following rules of the site they made the post on. nothing much.