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Lumifer comments on Buying Debt as Effective Altruism? - Less Wrong Discussion

10 Post author: aarongertler 13 November 2013 06:09AM

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Tags: investing philanthropy debt altruism

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Comment author: Lumifer 13 November 2013 08:53:28PM 1 point [-]

If you hold onto a debt, it shows on your credit report.

Having debt without being in default improves your credit score.

it is functionally identical to donating to effective charity

So my incentives to pay off the debt are exactly the same as my incentives to donate to some charity that I didn't pick?

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