If you took 10 loans, paid them all off and never missed a payment on any of them, then you have proven you are safe to lend money to.
If you never took a loan, who knows if you can pay one back.
Yes, it’s stupid that being responsible means you are untrustworthy, but it does make logical sense that paying back loans proves you can pay back loans, and not doing so, well, doesn’t.
“damn this guys responsible, we won’t make a buck!”
If you took 10 loans, paid them all off and never missed a payment on any of them, then you have proven you are safe to lend money to.
If you never took a loan, who knows if you can pay one back.
Yes, it’s stupid that being responsible means you are untrustworthy, but it does make logical sense that paying back loans proves you can pay back loans, and not doing so, well, doesn’t.