Madeline
Rookie
- Banned
- #141
Essentially REQUIRES an individual to have good credit to do/have practically anything.
Aka, an abode, whether rent or own, a car, access to loans (well, this one more understandable), and many other things that decades ago was not necessary.
HUH? Credit is not a right of any kind. It should be equitable in it's rules of access but earned not deserved until you earn it.
No bank looks at your credit report in detail; they all make decisions about your loan application based on your credit score. Since only the credit reporting agencies know how they compute scores, and we have no idea how they weight factors, etc., it is all very mysterious and very much beyond our control (apart from doing such things as borrowing money and repaying it).