4 ms·
Credit scores were invented in 1989. Most countries don't have them at all. (UK, US, Canada, Spain, China and Japan do) Personally, I think they should be illeg
by josefritzishere 2y ago
Credit scores were invented in 1989. Most countries don't have them at all. (UK, US, Canada, Spain, China and Japan do) Personally, I think they should be illegal.
- complaintdept 2y agoThe funny thing they were supposed to provide more equitible and fair decisions in issuing loans, but the exact opposite happened.
- Scoundreller 2y agoAnd still at the end of the day, lenders mostly care whether you earn enough to pay. The credit rating is mainly a way to check how much credit you already have available and whether you’re up to date or not. Oh, and verify your identity (probably the primary purpose of them).