Comment on How do poor people in the states give birth without money?

• jantin@lemmy.world ⁨1⁩ ⁨year⁩ 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”.

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  • boblin@infosec.pub ⁨1⁩ ⁨year⁩ 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.

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    • Jamie@jamie.moe ⁨1⁩ ⁨year⁩ ago

      I think my credit report still says I work at “DOMINOES” after like 5 years of not being there. It doesn’t effect anything, but I get mild amusement out of it being misspelled on top of that.

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