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Take your FICO and shove it! (lemmy.world)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 7 months ago (2 children)

Credit score is based on things which nominally correlate with financial trustworthiness (or something like that).

This is a very big improvement over a system where loans are denied because a racist bank employee doesn't like you. It is definitely not a perfect system, and we should definitely strive to make it better, but the concept isn't (IMHO) a bad one.

Also, as others pointed out, personal and national debt are...different.

[–] [email protected] 4 points 7 months ago

Also, your credit score goes up from having debts that you make payments towards.

The US hasn't missed a payment since the War of 1812.

[–] [email protected] -3 points 7 months ago

The party has decreased your social credit score by -37. You can no longer access public transportation. Thank you for understanding.