IMF working paper suggests using browsing history in credit score calculations

Re:IMF working paper suggests using browsing history in cred... by scohesc on Tuesday August 24, 2021 @10:26AM (#28289283)

> Xu was sued in 2019 for calling tai chi "grandmaster" Chen Xiaowang a fraud, and the Chinese court ordered him to pay Chen approximately US$60,000 in damages and to apologize for seven consecutive days on social media. Additionally, his social credit rating was lowered to the point where he could not rent, own property, stay in certain hotels, travel on high speed rail or buy plane tickets.[16][17] The restrictions were lifted after he paid US$40,000 in both legal fees and the cost of placing the apology.[18]

https://en.wikipedia.org/wiki/Xu_Xiaodong

So it's a system that's created by the government to make people aware of unpaid debts, but it's the same government that decides to impose debt on said people whenever it wants.

Coolbeans.

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Re:IMF working paper suggests using browsing history in cred... by yorwba on Tuesday August 24, 2021 @11:45AM (#28290376)

Okay, I agree that if you lose in court and get ordered to pay a fine, and you refuse to pay that fine and get a bad credit report as a result, you would indirectly be punished in your ability to obtain credit. But the problematic link in the causal chain is what you have to pay the fine for, isn't it? Treating an unpaid fine the same way as any other outstanding debt seems pretty reasonable to me.

Also, I'm under the impression that people imagine something more direct when they talk about web history affecting credit scores, like visiting a site automatically deducting points from a score, or something.

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