Re:Why income share agreements did not work out
by s1artibartfast on Wednesday March 23, 2022 @05:15PM
(#30783496)
This is all true, but beside the point.
The purpose of credit scores is to predict outcome, not measure the effort or intentions of people to overcome their personal situation.
When your cost of necessities for living (food, rent, utilities, etc) is close to your total income, all it takes is a small disruption in your income to cause a cascade of credit lowering events that are hard to dig yourself out of.