4 ms·

> That score doesn't follow you your whole life. Nor does any score in the US - none of the inputs, even bankruptcy, last more than several years. > In the sa

by epcoa 3y ago

> That score doesn't follow you your whole life. Nor does any score in the US - none of the inputs, even bankruptcy, last more than several years. > In the same way, my landlord does not get access to any of these files, because it's none of his business Your reliability in paying definitely seems like it would be their business. > In the US, this incentivizes keeping individuals in poverty This is not supported by the data.

withinboredom 3y ago
> Nor does any score in the US Hahahaha, that's a fantasy. I got in a motorcycle accident at 18, and had to learn to walk again. You know what I couldn't do during that time? Pay my bills because I couldn't work. You know what I can't get despite making six figures these days? A decent credit card, a car, or a house. I have to pay cash, because going bankrupt at the literal beginning of your life, follows you for life. Sure, the inputs are gone, but the evidence is there. When you go bankrupt and finally get back on your feet and can get credit again, there are only certain types of credit you can get. Eventually, the original negative inputs go away, but the types of credit still tell the same story. It can take decades before you are able to wipe away most of the evidence and get treated with some modicum of trust.
ohgodplsno 3y ago
>Nor does any score in the US - none of the inputs, even bankruptcy, last more than several years. Ah, it's all good then, the completely arbitrary score handled by private companies reselling data on your every move only exists for seven rolling years. >Your reliability in paying definitely seems like it would be their business. Nope. It's law enforcement's business. If I do not pay, they go see the police, and a judge will handle it if necessary. >This is not supported by the data. Yes it is. https://socialchangenyu.com/review/credit-reportings-vicious-cycles/#VIII https://socialchangenyu.com/review/credit-reportings-vicious...
- epcoa 3y ago
  > Nope. It's law enforcement's business. If I do not pay, they go see the police, and a judge will handle it if necessary. In most of the US failure to pay rent (and virtually all debts) is not a crime.

by epcoa 3y ago

withinboredom 3y ago

> Nor does any score in the US Hahahaha, that's a fantasy. I got in a motorcycle accident at 18, and had to learn to walk again. You know what I couldn't do during that time? Pay my bills because I couldn't work. You know what I can't get despite making six figures these days? A decent credit card, a car, or a house. I have to pay cash, because going bankrupt at the literal beginning of your life, follows you for life. Sure, the inputs are gone, but the evidence is there. When you go bankrupt and finally get back on your feet and can get credit again, there are only certain types of credit you can get. Eventually, the original negative inputs go away, but the types of credit still tell the same story. It can take decades before you are able to wipe away most of the evidence and get treated with some modicum of trust.

ohgodplsno 3y ago

>Nor does any score in the US - none of the inputs, even bankruptcy, last more than several years. Ah, it's all good then, the completely arbitrary score handled by private companies reselling data on your every move only exists for seven rolling years. >Your reliability in paying definitely seems like it would be their business. Nope. It's law enforcement's business. If I do not pay, they go see the police, and a judge will handle it if necessary. >This is not supported by the data. Yes it is. https://socialchangenyu.com/review/credit-reportings-vicious-cycles/#VIII https://socialchangenyu.com/review/credit-reportings-vicious...

epcoa 3y ago
> Nope. It's law enforcement's business. If I do not pay, they go see the police, and a judge will handle it if necessary. In most of the US failure to pay rent (and virtually all debts) is not a crime.