this post was submitted on 27 Dec 2025
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Credit scores are used to tell companies how much they can earn on lending you money.
Paying back quickly reduces the amount they can earn, lowering your credit score.
Not paying it back obviously lowers the score.
The way I understand it, to raise your credit score you need to slowly pay back your loans, so you pay back maximum interest.
Note however that I am just a cynical IT guy in Sweden with zero actual exposure to US/UK style credit scores, and that I may be talking out of my ass.
100% spot on.
It's absolutely a scam designed to extract even more wealth from the poors.
No joke, I've had a car dealership tell me they can't sell me the car I want because my credit score was nonexistent (no credit history in 7 years). I was paying in full, in cash, literally in an envelope in my hand.
Grand total of 8k, all in 100s, super easy to count.
But no, I didn't have a "good enough credit score" so I couldn't buy that car from them, despite having the money to do so.
Mental gymnastics on that one.
Here in Sweden, that would also have been rejected, most stores won't accept cash at all.
I had to pay for my car using a wire transfer a few days before I picked it up.
I do think that it would have been funny to just use tap to pay, but apparently that would have increased the cost by a lot.
That's insane to me.
I have money to buy something, and I'm being refused the sale despite this money being legal tender.
I get what you mean, and agree to some extent, but the reality is that handling cash is expensive and dangerous.
Back in the early 2000s, there was a large wave of high profile armours car robberies in Sweden.
Some even completely blew up the armoured car.
This lead to a debate and a deliberate effort to reduce the ammount of cash used in Sweden.
I remember reading something about 97% of all transactions inside Sweden are now done electronically.
This has lead to banks having offices that don't handle cash, and that banks are looking at cash deposits with suspicion, since you can't trace cash.
This, as usual, only really affects normal poeple, and criminals have ways around it.
In the US, it is legal tender to pay off all debts. But merchants can refuse to give you debt if you are paying cash. Thus have no obligation to accept it.