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"We" don't. You're not the customer, the credit providing company is. And they use it because there hasn't historically been a better alternative.
by omarhaneef 7y ago
"We" don't. You're not the customer, the credit providing company is. And they use it because there hasn't historically been a better alternative.
- fletchowns 7y agoWhy don't we have the government keep track of credit history?
- eximius 7y agoBecause that would be worse.
- mindcrime 7y agoDear god, no. However bad Equifax is, the government would be even worse. As the old saying goes "If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.".
- fletchowns 7y agoWhat sort of ways do you think it would be worse?
- jibanes 7y agohaha
- dang 7y agoCould you please not post unsubstantive comments to HN? We're trying for a bit better than the internet usual here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- jankiehodgpodge 7y agoBecause then you end up with a system like the social credit score in China.