Sadly the teacher is correct unless you plan to give your son a great inheritence he will need to purchase cars, rent places, and even buy a home some day.

Lenders need to know who they are doing business with before they lend out the money and take a risk.

Yes, this country has terrible credit problems with tiktokkers saying they are planning to get pregant so they can qualify for the payment for a car and other stupid stuff (yes this was on facebook for a girl entitled for a Mercedes making 30k a year at probably Walmanrt). They are addicting too as a simple swipe and bam instant free stuff etc.

But responsibly they are life saver and a bank has no idea with a character underwrite these days if they are going to get paid back? 70 years ago when people lived in the same town and knew the banker personally it was a different story and time.

Employers do not care about the score. What they are looking for is stealing and possible financial fraud which would be on the credit report.

No. Its more likely you will be late paying them so they use that as an excuse not to do business with you.

Case in point I switched cards with a different number and forget. My auto insurance thanks to one late payment went from $250 to $475 a month!! At the time my score was 735 too. I was so pissed and it was greed obviously as they viewed me as broke.

I would mod you up if I had points.

Credit systems are a scam as Dave Ramsey says he has a score of 0 and would be denied renting a 1 bedroom apartment ... but could buy the whole complex in cash :-D. Read my last paragraph below to show how stupid this it with correlation = causation arguements to rig it? ... reality is very very few people can buy homes, emergency medical expensives and cars in cash.

Credit score = The % you are likely to pay someone back or your bills on time. No more no less. It is has nothing to do with wealth or success.

But in 2025 it is an evil necessity unless you are a millionaire. My Dave Ramsey example for those who do no tknow teaches financial literacy on youtube and is famous and hates all debt, but he is worth $160 million so can buy homes, boats, and cars in cash and his business. You and I reading this cannot.

Your credit score went down because you closed an account. Not because it was paid off. Broke people close accounts so therefore you are less likely to pay back with the whole correlation vs causation. It also impacts your debt/assets ratio. With less available credit available your other debt %/total available debt% ratio went thru the roof as it looked like you were borrowing too much, therefore you are going to default then those that don't. Again the causation = correlation arguement.

Go do some simple credit research on youtube. The proper way is get those ratios, account lenghts, and percentages in high, Keep ancient cards for lengthening credit history and keeping %total available debt% as big as possible so it looks like you aren't in over your head and over extended. Pay fees in interest for 3% to 5% of balances carried over to show you love debt and willing to have history and you will be good. If you rent be careful of broke neigherhoods as you are statsitically less likely to pay back if you live in X thanks to other broke people.

You can get it up fairly quickly to 700 within a year. Just keep your debt ratio very low and use but pay on time for small things

The thing is that places that historically didn't have to worry about this, now have to worry about this.

If they want it preconditioned? Yes, welcome to 2025, they can install the app on their phone. Or they use the 'remote climate start' option on the keyfob. Or they shoot you a quick text asking you to hit the button in your app.

You keep trying to paint these advancements in convenience and comfort as terrible burdens, and it's weird.

https://neildegrassetyson.com/...

Great. Tapping the 'climate start' button in your car's app on your phone not only will absolutely not 'make you late for work,' it will potentially get you to work quicker, *and* in a better mood, *and* more safely than driving an unheated car in -30 weather.

Because it's more pleasant to drive in a warm vehicle than a -30c vehicle? Especially when all it takes to accomplish this is three taps on your phone's screen?

The Dreamcast/PowerVR architecture was pretty awesome. But if there's one thing computing keeps teaching us, it's that in the end, brute force beats specalization. That said, we're about at the point for somebody to wire up eight SATA lanes in parallel, and make Super Parallel ATA or something. Then, in another twenty years, move back to serial when they realize that it's faster to blast eight bits down whatever new system there is, than to synchronize eight lanes. And so on.

Gasp, same as an EV! Hell, my EV 'heats up' faster than any ICE car I've ever driven, what with the heater being independent of having to warm up an entire engine block through inefficient combustion.

Perhaps, but it's not a battle that is solved by choosing an ICE car over an EV, so I'm not sure how it's relevant.

How are you 'delayed' by getting into a cold EV? Are you 'more' or 'less' delayed than climbing into a cold ICE car?

How is 'some people forget to tie their shoelaces' an argument against shoes?

I do. I also assume that everyone will remember to not swerve into oncoming traffic.

But, and here's the important part, *even if they don't remember to preheat their car, all that happens is that, at worst, their EV car then operates like an ICE car being started at -30, which is to say, takes a bit to warm up.*

Only faster than the ICE car will, and with less wear and tear.