At this point, as a non-American, i feel like you people accepting to have a credit rating system is ludicrous. It's fundamentally broken, has been exposed multiple times, requires gaming to work in yiur favour ("open a credit card as soon as you can, pay little things with it and pay it off immediately to beef up a good score") and brings nothing to you, the people.

For comparison, in France, the national bank keeps a record of all loans anyone has taken. When you apply for a new loan, the bank will check with the national one your history, and decide based on that to lend or not, and inform the national bank of their decision. I suppose Americans can be afraid that "the government" will know their loan history in such a system, but it's not like they can't currently ask and het that information, and they're still more trustworthy than commercial companies that don't care about you ( their clients being banks and companies) or your data beyond their sales.

But it's not like anyone on the US would dare to destroy a profitable industry.