Comment on Anon tries to understand credit scores

rockettaco37@feddit.nu ⁨3⁩ ⁨weeks⁩ ago

• Themosthighstrange@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  many different names for the same but different system that is all about control and sugation of the masses.

  source
• Blackmist@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

  Mine doesn’t go down when I call the government a bunch of cunts.

  And the Chinese one still goes down if you’re poor.

  source

  • Wigglesworth@retrolemmy.com ⁨2⁩ ⁨weeks⁩ ago

    100% correct.

    Your government would just imprison you and/or deport you instead.

    source
• DylanMc6@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

  How do you think “social credit” would be handled if the US were a socialist/communist country?

  source

  • derpgon@programming.dev ⁨3⁩ ⁨weeks⁩ ago

    1:1 same as credit score - in the worst possible way

    source
  • piecat@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    [deleted]

    source

    • ronl2k@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      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.

      source
    • damnedfurry@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Credit score bad. Next.

      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.

      source

      • boonhet@sopuli.xyz ⁨2⁩ ⁨weeks⁩ ago

        Huh?

        In my country there’s debt registries (that you can only be put into when you’re late enough on a payment) and lenders will usually ask you for proof of income and list of obligations, or account statements for the last 6 months, to determine if you’re capable of paying back.

        The disadvantage is, they’ll see your account statements. The advantage is, you don’t have to have a credit card, or any sort of debt, to build credit. You don’t need credit history. If your income is high enough and your expenses are noticeably lower than your income, and you don’t have an outstanding debt registry entry, you’re eligible for a loan.

        Our mortgage delinquency rates are lower than in the US. And home ownership rates are pretty high so it seems people are getting mortgages no problem

        source

        • -> View More Comments
• Lemminary@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Chuck it onto the stinking pile of insurance and privatized healthcare.

  source