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- cross-posted to:
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
You should probably still find out your credit score/rating though, especially since it’s free. Identity theft is a real issue, like someone opening a line of credit in your name and fucking up your rating when you actually need it for something (buying a car or house, or anything that requires a credit check).
You’re right, but it’s a shame the system is designed to punish people who don’t have an interest in participating at this time. Fraud should be the responsibility of the credit card companies not the users.