Credit Scores Debate

Discussions center on credit scores, their societal impact, criticisms of their fairness and necessity especially in the US compared to Europe, and frequent comparisons or distinctions from 'social credit' systems.

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Comments
19
Years Active
5
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#2776
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Keywords

e.g CFO US mycreditinform.com OK SSN FICO MasterCard VantageScore CapitalOne credit score scores social loan debt card lending implies mortgage

Sample Comments

JacobSuperslav Dec 21, 2020 View on HN

how come in Europe credit score isn't really a thing and everything works fine? that's another thing that needs to go

Simulacra Jun 7, 2024 View on HN

Kind of a banking social credit score..

Jerry2 Apr 8, 2021 View on HN

That sounds like "social credit score" to me.

convolvatron Sep 14, 2016 View on HN

why so tentative? i pay my limited bills on time, i have taken on debt twice and paid it off as soon as possible, living basically within my means, and because of this my credit score is terrible.i can't get a phone contract, a mortgage is out of the question. i automatically fall to the bottom of the list when trying to rent an apartment. don't know what went on at the places i applied to for employment that requested a credit score waiver, but can't imagine it was to my benef

euroderf Aug 11, 2024 View on HN

Does it also pull up their social credit scores ?

Glyptodon Jun 24, 2025 View on HN

That seems like it makes sense whatever one think of credit scores, it's actually surprising to me that a form of credit didn't show previously.

rm2904 Jan 29, 2016 View on HN

This is interesting and a good example where credit scores fail.

fmajid Jul 22, 2023 View on HN

Those Social Credit Scores don't just earn themselves, you know...

0dayz Oct 7, 2023 View on HN

If we're going to whataboutism, at least include credit score as it is a form of social score.

briandear Mar 14, 2025 View on HN

Doesn’t that create a de facto credit score?