Not only American. We in Germany have shit like that and most other European nations have it as well afaik
Comment on How do poor people in the states give birth without money?
ozymandias117@lemmy.world 8 months agoYeah, just the American version
Norgur@kbin.social 8 months ago
otter@lemmy.ca 8 months ago
It exists in most places from what I can tell, but the specific implementation may differ
jantin@lemmy.world 8 months ago
The technology of loan risk assessment? Yes, it exists worldwide, all banks are doing it. But there is a wide chasm between
“when I show up asking for a loan bank will xray all my previous financial history and craft its offer from that” in Europe (at least my country) and
“credit score is a houshold term, people employ lifehacks to improve it and you’re screwed if it’s bad because half of everything runs on credit”.
boblin@infosec.pub 8 months ago
There’s also the fact that credit rating agencies in North America have hardly any supervision and are prone to make mistakes because they take correlated data by face value.
fubo@lemmy.world 8 months ago
I don’t have a credit score, and have never had a problem renting. It’s getting a mortgage that I can’t do without a partner who’s been consistently paying off a credit card for decades.
ozymandias117@lemmy.world 8 months ago
My credit score want good enough, so I had to give the last place I rented 6 months of my employers payments to rent
I’ve never missed a payment, nor do I have any debt. I just don’t exist in the system enough to rent
Diprount_Tomato@lemmy.world 8 months ago
Love how everyone went insane with the social credit score while you got the same shit done to you and no one batted an eye
plz1@lemmy.world 8 months ago
US credit score won’t get you sent to jail or a re-education camp, at least. At least, not yet.
Diprount_Tomato@lemmy.world 8 months ago
It will condem you to poverty tho
Powerpoint@lemmy.ca 8 months ago
It can impact everything in your life, even jobs and housing now. It’s practically the same thing except instead of being forced to live in a camp you’re living on the street.
tocopherol@lemmy.dbzer0.com 7 months ago
And if you dare get together with other people that are forced onto the street and make a camp together somewhere isolated, the government tears it down and evicts you and destroys your things. Thank god for our freedom.
Dran_Arcana@lemmy.world 8 months ago
My favorite part is when one of the three companies that does ours leaked all of our data with relatively no consequences.
www.ftc.gov/…/equifax-data-breach-settlement
Arbiter@lemmy.world 8 months ago
Well if it’s the free market abusing us it’s okay. That’s just freedom.
hamsammy@lemmy.world 8 months ago
I mean it’s not like your credit score immediately gets affected for something like jaywalking though.
Dran_Arcana@lemmy.world 8 months ago
I’m not sure that’s entirely the bar we should be aiming for
misanthropy@lemm.ee 8 months ago
It can even impact being hired for jobs. Low credit score? You might be untrustworthy or motivated to steal
Gigan@lemmy.world 8 months ago
It’s not comparable at all. In the US your credit score only goes down if you borrow money and don’t pay it back. If you get a loan and pay it back on time your credit score will be fine.
I’m not super familiar with the Chinese credit system, but I think it’s effected by a lot more. What kind of products you buy, how much you work, posting certain content online, etc.
scarabic@lemmy.world 8 months ago
Yes these systems are not in any way whatsoever comparable to each other except in being reputation rating systems.
“What? A bank wants to know if you defaulted on the last loan you took? What is this?? Totalitarian China???”