But what if they discover alcohol/drugs/gambling/etc? They'll fall off the tracks and the loan will never get paid back. Which ofc is incredibly stupid, classis

But what if they discover alcohol/drugs/gambling/etc? They'll fall off the tracks and the loan will never get paid back. Which ofc is incredibly stupid, classist, and racist to boot. And not even a guarantee by someone's credit score. But with a credit score, you have a metric of just how much money to trust them with (not really), which can be plugged into the spreadsheet and you can hire an army of mortgage brokers to plug stuff into the spreadsheet. Credit score is a moralizing system that hates the poor, so it's unsurprisingly embedded itself into American culture by three corporations that will never be held accountable (see: Equifax leak). It's as American as the bald eagle. I'll stop now, my cynicism is showing. I just don't see a way to get to a place where we don't have the current trifecta of credit scoring corporations running our lives without a giant pile of money to start a competing credit bureau that makes and underwrites loans based on different computation of a person's score. Because a credit score was initially for rating people on their ability to pay back borrowed money. It's just been perverted since its inception into what we have now.