No. of Recommendations: 4
Yes, the interest rate a card could charge is irrelevant if one pays the balance each month.

I wouldn't put it that way. You have some control of the interest rate. If you want a lower interest card and your credit is good, you can seek out a card with a lower interest rate. If the credit card company raises the interest rate even though you are paying the balance each month, then find a new card.

Naive users accept FICO at face value. They do not realize FICO is not there for the borrower, but rather for the lender. And lenders use FICO to harm the borrowers. FICO is legal, but it's also a SCAM on borrowers.

FICO is a SCAM (on borrowers) even though it's "legal".


Not it isn't no matter how many times you post it in all-caps. It tells the lenders if you are a risky borrower. The harm to the borrower is a low FICO score which is a result of the borrower's own actions.

PSU
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