The Ethics Of Credit Score: Are We Creating A Dystopian Nightmare?
Huge numbers of Americans are discovering that their credit score has been adjusted in their favor by as much as 30 points. New standards for the use of public records mean that tax liens are now excluded from credit reporting. This news will hearten those who were previously on the borderline to reaching “good” credit, but it does little for those who are trapped by poor ratings. Consumers are encouraged to know what their credit scores are, and to take steps to repair them, but why is it so important? Has the problem stopped being the spending habits of a few irresponsible individuals? Is it now the system itself?
Creating A Vicious Cycle In A Few Easy Steps
Credit ratings replaced a bank manager getting to know his customers, when this became infeasible in our exponentially growing so...
