I always assumed credit scores were an integral and historic part of the American financial system.
They were not, they are very recent，most of your parents didn’t have credit scores growing up, and as you can probably tell or at least intuit, it’s mostly just a b******* scheme for those with capital to accrue more capital by invading your privacy.
Credit scores have existed for decades, as the article states. It’s specifically the FICO system that was started in 1989.
Yes, credit scores have existed for 150 years.
But the system of predetermining how deserving you are based on your race or other circumstances beyond your control centralized within a few firms making money off of that data? That’s new and that’s b*******.
Did you mean bullshit? Are you 5?
Shut up mom i HATE you
bAnANas
Yes. No.