I started paying cash for everything about 30 years ago. Haven’t needed my credit score since so I froze my credit score access. There have been no downsides.
Nah, it’s good for me to know the risk before I lend to someone. Only bad borrowers are against their reputation re repayment history not being public.
Without credit scores, nepotism and bigotry are what decides who gets loans, since lenders will have nothing but ‘vibes’ to go off of. No thanks.
The exact same as the Chinese “social credit” system that people whine about, except this one is capitalism based, so it’s ok.
many different names for the same but different system that is all about control and sugation of the masses.
Chuck it onto the stinking pile of insurance and privatized healthcare.
How do you think “social credit” would be handled if the US were a socialist/communist country?
Is that relevant to anything? Credit score bad. Next.
I started paying cash for everything about 30 years ago. Haven’t needed my credit score since so I froze my credit score access. There have been no downsides.
Nah, it’s good for me to know the risk before I lend to someone. Only bad borrowers are against their reputation re repayment history not being public.
Without credit scores, nepotism and bigotry are what decides who gets loans, since lenders will have nothing but ‘vibes’ to go off of. No thanks.
1:1 same as credit score - in the worst possible way