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.
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