Hacker News Reader

> Demonstrating a proven track record of financial responsibility

credit is a record of your debt load, nothing else, but landlords use it as a proxy.

I have no credit and had to laugh when I realized no one would rent to me despite my 6-figure income. I had to start vetting THEM to see if it was a waste of time or not.

These kinds of things sound good in your head, but they're just not reality.

View on HN

Credit allows to get a probability of how likely it is payments get done. Landlords use it to get a probability of how likely payments will be.

In your case, they don't have your credit, so they obtain the probability through other variables, like your income. Most likely they'll assign a high probability to you paying, but the confidence interval mat be too big for their liking.

Obviously credit history doesn't give zero information, which is implied in this thread several times.

I've never been late on rent since I started renting and I have no credit. Not even a little, I literally have no credit and I'm in my 40's.

Sure, but we're talking statistics here and you're just a data point.

Reply on news.ycombinator.com