In my state all the lenders came to the legislature several years back and make a big push to try and come up with a new type of credit score that was primarily based on driving history. Apparently, driving history is like a way more accurate predictor of your credit worthiness than your financial history. So I guess my point is that they will scrape data anyway then can get it and use it to judge how much you have to pay to access money.
Respectfully, that is apples to oranges. You are unable to function as a regular person in China with bad social credit. Here you can’t get loans and sometimes your employer sees.
Wholeheartedly agree. And then we go around panicking about the authoritarian social credit shit China has. Mfer we’ve have social credit for decades
In my state all the lenders came to the legislature several years back and make a big push to try and come up with a new type of credit score that was primarily based on driving history. Apparently, driving history is like a way more accurate predictor of your credit worthiness than your financial history. So I guess my point is that they will scrape data anyway then can get it and use it to judge how much you have to pay to access money.
Respectfully, that is apples to oranges. You are unable to function as a regular person in China with bad social credit. Here you can’t get loans and sometimes your employer sees.