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A comment on What happens after a bank closes all of your credit cards?. Parent comment

Re:What happens after a bank closes all of your credit cards? by nicolas_t on Saturday April 10, 2021 @03:25PM (#26764279)
The problem of the Chinese social score is the fact that political behavior online could affect it. So it can create a climate of fear and self censorship.

The US credit score while it has its problems at least as well known rules of what impacts it. I know that if I have a good high credit score I can get a mortgage with a decent interest rate whereas, in other countries, there's no score I can check to know what my chances are and no public way to evaluate how banks see me and if they are likely to approve me or not.

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Re:What happens after a bank closes all of your credit cards? by lotsofpulp on Saturday April 10, 2021 @03:35PM (#26764385)
There is no “US credit score”. There are credit reports, as compiled by the 3 credit reporting agencies. Underwriters who purchase these reports are free to use that information in their lending practices, and that could include calculating a specific number. Some companies, such as the Fair Isaac Corporation, sell their analysis of people’s credit reports to others who may want to use them to make lending decisions, including the popular FICO score.
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