You know, like “always split on 18,” or “having kids is the most rewarding thing you can do in life.”

What’s that one bit of advice you got from a trusted friend that you know deep, deep down would just ruin your thing?

  • Darukhnarn@feddit.de
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    7 months ago

    Why not? The concept is fairly easy to grasp and if I want a loan for a house, the bank can ask me to prove that I was able to put aside enough money beforehand to be able to chip away at a credit from now on.

    • jeffw@lemmy.world
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      7 months ago

      What about people who have good-paying jobs, but lots of other debt? Or a history of defaulting on debt (maybe they can’t hold jobs very long)

      • Darukhnarn@feddit.de
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        7 months ago

        Usually you’d go to the bank with the project and they ask you for securities, oftentimes the house your building or the ability to garnish your wages. Also they demand to know how much you’ve saved so far. Can’t give loans to everyone?