A Boring Dystopia

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Americans could see their credit scores fall through floor soon (qz.com)

submitted 2 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] LovableSidekick@lemmy.world 28 points 2 months ago* (last edited 2 months ago)

Based on past history, if enough people's credit scores fall, making it more difficult for them to finance things, companies will simply lower their credit requirements and charge higher interest, because they want to keep selling things. As usual they'll make it all seem like a good idea, entice buyers with zero-interest periods, etc.