Wisely, in Luxembourg, the government do not allow credit scumbags like Equifax and the rest to keep records on ordinary citizens - it's against the law here! If you fail to make a payment of money you owe, that fact is recorded by the Luxembourg Central Bank and you will not be allowed credit until you have satisfied the debt. Any other agency holding such information is committing a criminal offence!
@FluentInFinance The easiest trick to a high credit score is to have one no-fee credit card with a major bank that you keep forever, and raise the limit on whenever possible.
The reason most people's credit scores drop when they pay off their student loans is that those are usually their oldest accounts. If 20yrs of creditworthiness disappears with the debt, it's going to move your score.
@FluentInFinance
My info was hacked at the credit reporting company Equifax. If they can't keep this information secure, they should not exist. It's a sick system that rewards people for being in debt.
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