Submitted by astajaznan t3_11dff02 in explainlikeimfive
m4gpi t1_ja8eo4q wrote
Reply to comment by astajaznan in Eli5 credit score please. by astajaznan
The “safest” for the bank IS the person who is unreliable. The fees for no-, late-, or under-payments (and interest) all go to the bank. So really the ideal customer is someone who uses a lot of their credit, and isn’t the best at repaying under the agreed terms. What they really want is someone who makes occasional or frequent mistakes, but at least tries to keep up.
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