this post was submitted on 23 Oct 2023
1138 points (96.2% liked)

4chan

4246 readers
3 users here now

Greentexts, memes, everything 4chan.

founded 1 year ago
MODERATORS
brainschaden@lemmy.world
skyspydude1@lemmy.world
1138
Anon on credit scores (sh.itjust.works)
submitted 1 year ago by dramaticcat@sh.itjust.works to c/4chan@lemmy.world
223 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Ashyr@sh.itjust.works 2 points 1 year ago

Yeah, it's not a perfect system and I would welcome increased federal oversight and greater transparency because it does have the potential for abuse.

That said, it's not numbers made up to keep the little guy down. Lenders want to lend money because they make money off it. The whole point is to determine whether or not you're a safe investment.

We could have a discussion on the merits of modern usury, which can be deeply predatory and abusive. It's not the credit score that's the problem.