Re:North Korean Tactics (2020) [pdf]
by sudosysgen on Tuesday August 02, 2022 @08:13PM
(#32326047)
That's not true. FICO rates affect where you're allowed to live, what kind of modes of transportation you're allowed to have (many insurers take it into account to decide whether or not to provide coverage), even some health procedures (many dental practices now check credit score), etc...
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But only in the sense of financial risk.
That doesn't seem unreasonable to me that people who are entering some sort of financial contract with you have the ability to easy see your credit history.
But again, just don't use credit (or use it minimally) and you're good.
>That doesn't seem unreasonable to me that people who are entering some sort of financial contract with you have the ability to easy see your credit history.
...Do keep in mind that the progenitors of Equifax and the other Credit Bureaus were private investigators most frequently hired by the well heeled in order to "gauge trustworthyness", which takes many forms... Including Union busting, and building blacklists.
Re:North Korean Tactics (2020) [pdf]
by sudosysgen on Wednesday August 03, 2022 @05:18PM
(#32336761)
It's not really about financial risk. It's about trust. The FICO score is being used as a proxy for trust, which is problematic.
If you don't use credit or use it minimally your credit score will begin to fall.
The federal government uses credit reports for security checks.
Maybe start with them?
Can you recommend a reference for this? Was trying to explain why credit is important to someone who doesn’t want a credit card.
Re:North Korean Tactics (2020) [pdf]
by sudosysgen on Wednesday August 03, 2022 @12:42AM
(#32327738)