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

How will you enforce this short of installing spyware on PCs which companies are doing in increasing numbers ...the ones using that to justify RTO. Remember people can use mouse jugglers and just use their USB ports like the ones caught at Wells Fargo.

Also, real estate values. Many renewals have butts in seats requirements as the landlords feel left out not collecting at the deli in the basement and parking lots. So it's 5 days a week to make the one landlord richer

I could see if I were a CEO or leadership and saw this over a large sample set I would freak out and implement a RTO. I would realize it is true that clocking in and clocking out may work great on an assembly line a century ago in a factory and people clocking in 15 minutes would hit numbers FAST, however I can't have people logging in only 4 to 5 hours a day.

We have spyware at my employer in which I HATE so my boss let me know when he caught me tired using my phone to log into teams and it was 8am and not 7am that one day. But the other option is he sends me into the office 5 days a week.

But how do you measure productivity? This things are hard. Is it projects? How do you determine the correct labor hours for a project? A previous employer had this drop and they got rid of hybrid work and it is one of the reasons I left.

I like to think we are all adults but I do admit I goofed one day and so has everyone else every now or then. I also have a friend at a bank and he said RTO fixed IT issues like a bank manager needing to get a block removed for a new credit card for a customer. No one would answer in Teams and it was hours later. After RTO instant contact. So return to office was a success and leaders agreed remote work is just not effective and we debated this.

Internal data and other sources such as the Bureau of Labor Statistics showed workers averaged 2.6 hours less than their in office counterparts. AAA touted WFH as the great savior of new talent until their spyware revealed people logged in less than 4 hours a day. Now it is BUTS IN SEATS after the CEO saw this.

Microsoft said they would continue their WFH and hybrid policy unless there was a drop in productivity. I guess part of their new collaboration aka PHB term for micro managing people to track attandance, potty time, and phone use, is now all the rage.

Part of me is so angry. A few bad apples blew it! I work in IT like many ./'ers and met people who worked multiple jobs in secret and weren't available in Teams until like after 11am.

The data now vs 2020 is polar opposite and people took advantage of it. Now I have to commute and waste 30 hours a month driving and tearing up my expensive car so I can be watched at work like I am 12 because people lack accountability and self discipline. I am also dissapointed as I thought society would evolve in a new era as the office was an outdated 19th/20th century concept. Oh well.

We have hybrid now yes but I knew one colleague who worked a 2nd job in secret and got caught and over employed was huge on Reddit so you are right.

IT did have remote roles pre COVID but these mandates hit them too as no one is allowed to work anymore at home for a lot of these companies. We waste so much on gas and time just to take calls an hour a way each day

If everyone and their brother is RTO now. Target and Klarna also justed all all WFH this week as well then there is a good reason.

I really do think login hours and reports like I described is why and theory X not Theory Y management is the main factor. If every employee works 2 hours a day that is 40 hours of lost productivity a month assuming a 20 day work week in the eyes of management every month

How is Linux, kubernetes, and other open source advancing without an actual office ... You know for collaboration?

Collaboration is code for micro managing as they don't trust their employees to work independently.

If there is a deadline I don't want my employees leaving at 3pm to beat the 2 hour commute with traffic and pick up a kid. I don't want my employees to have stress from their marriage but forcing them to come home late so I can watch them work.

In such an event working late at home together gets it done more efficiently

They don't exist anymore. It's all in office now or hybrid if you are very lucky. It's so frustrating

I don't buy it. That might have worked for Twitter and Amazon back in 2022 when there was places still remote to jump but not today.

Name one employer that is remote? Salesforce RTO, Amazon RTO, Oracle RTO, Meta RTO, etc. Target and Klarna joined the return to office bandwagon too.

Literally that and Musk forcing the government to RTO destroyed the phenomenon and it's all pre COVID. Bosses don't trust people to work at home anymore is why

What by being watched like children to make sure they are not 5 minutes late or have their phones with managers staring at their screens? That is how they progress?

Every tech giant is 5 days a week or hybrid now. These places are the best to work at and prestigious?! If even they can't trust their employees to stay productive then what hope does anyone else? I blame you all (mostly WFH techies ruining that)

BLS and AAA showed employees login 2.6 hoursless hours per day than their in office counterparts. AAA as a result ended their great WFH perk and have butts in seats 5 days a week. I know one college who worked 2 jobs remotely in secret. Reddit has sooo many over employed posts. It makes me angry

Productivity is not where it needs to be with Remote workers and we have ourselves to blame. In 2021 yes it was higher but who seriously iogs in for a full day?? No one. They login with their phones and sleep until their first meeting.

Anyway end rant. I still work from home but I expect a call back to the office soon. Who does remote anymore?