Varven@lemmy.world to Memes@lemmy.ml · 1 year agothe debtlemmy.worldimagemessage-square127linkfedilinkarrow-up11.09Karrow-down194
arrow-up1991arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 1 year agomessage-square127linkfedilink
minus-squarehumorlessrepost@lemmy.worldlinkfedilinkEnglisharrow-up191·1 year agoIf you had 34 trillion in debt and a centuries-long history of making on-time payments, you’d have a perfect credit score.
minus-squarejubilationtcornponelinkfedilinkEnglisharrow-up37·1 year ago“Bankers hate him! Get an 850 credit score and dictate the terms and interest rate of your own debt using this one simple trick.”
minus-squareArtyom@lemm.eelinkfedilinkarrow-up19·1 year agoThe US govt basically has a perfect credit score. They have almost infinite payment history and almost infinite available credit.
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkarrow-up11·edit-21 year agoCredit rating also depends on credit to debt ratio. You want to keep it below 35%, so you would need a credit line of $100T or more to have a great rating.
minus-squarehumorlessrepost@lemmy.worldlinkfedilinkEnglisharrow-up19·edit-21 year agoI think sovereign debt would work like an AmEx Platimum with “no fixed limit”, which makes the algorithm ignore utilization.
minus-squareObjectivityIncarnate@lemmy.worldlinkfedilinkarrow-up9·1 year agoYeah, this is just people not understanding how credit scores work, part #57294, lol
minus-squaregravitas_deficiencylinkfedilinkEnglisharrow-up4·edit-21 year agoHey remember that one time where the country’s credit rating got downgraded due to political idiocy? Pepperidge Farm remembers.
If you had 34 trillion in debt and a centuries-long history of making on-time payments, you’d have a perfect credit score.
“Bankers hate him! Get an 850 credit score and dictate the terms and interest rate of your own debt using this one simple trick.”
The US govt basically has a perfect credit score. They have almost infinite payment history and almost infinite available credit.
Credit rating also depends on credit to debt ratio. You want to keep it below 35%, so you would need a credit line of $100T or more to have a great rating.
I think sovereign debt would work like an AmEx Platimum with “no fixed limit”, which makes the algorithm ignore utilization.
Yeah, this is just people not understanding how credit scores work, part #57294, lol
Hey remember that one time where the country’s credit rating got downgraded due to political idiocy?
Pepperidge Farm remembers.