this post was submitted on 07 Jun 2024
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You're discounting the people who have always lived within their means and so never took on debt. They also don't have good credit. They've never missed a payment. They're good for the money. But they don't have a history showing that because they've never needed that.
No I'm not. Those people are unknown quantities, and so also suffer if credit scores go away, because bad borrowers are worse than first-time borrowers, so without credit scores, first-timers will be treated worse.
I'm saying people who don't play this credit game but otherwise are good financially also think it's dumb. Not just bad risks.