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Credit Scores in the USA is basically developed into a social score. No European countries (with the possible exception of the UK) use a similar system. I wonde
by kome 4y ago
Credit Scores in the USA is basically developed into a social score. No European countries (with the possible exception of the UK) use a similar system. I wonder why Americans just keep going for it.
- mcntsh 4y ago> No European countries (with the possible exception of the UK) use a similar system There's SCHUFA here in Germany
- csunbird 4y agoYup, and you are not able to even rent a house without a positive score.
- nisegami 4y agoThe credit score system benefits the ones who have the most power to change it. That's why there's no real motivation to remove it.
- ramesh31 4y ago>I wonder why Americans just keep going for it. We trade one for another; there's no social caste, royalty, or nobility here. Your worth as a human being is determined entirely by the sum of your assets.
- jimmaswell 4y agoYou don't need a vault of gold to have a good credit score. All you have to do is have some credit and use it responsibly. Too much for some people to handle so they decry it as unfair.