You got it.You heard it here first:
My crystal ball tells me you will soon (say, within 5 years) be denied the following if you do not have a "good credit score", a number that BTW will keep rising.......
* College and grad school admissions.
* Life and health insurance (private policies, not employer groups).
* Parole, should you happen to be incarcerated and BTW, a good credit rating will get someone kicked back to us civilians faster no matter how irrational that decision might be.
* Eligibility for promotion in the military.
* You ability to hang on to your job. Look for your credit score to become a subject of discussion in annual performance reviews at Big Companies.
I think this is gonna catch on like wildfire and as long as you geniuses think "it's the fault of the guy with bad credit and he needs to fix it all by himself", you are so screwed.
BTW, look after the credit reports on your babies after one year and every year thereafter...the annual reports are free, you only have to request them.
But, as you can see, the wingnut see this CLEARLY coming thing as "fear mongering."
This is because they look at these issues in the lense of "I gotta protect my stuff from the others." And we all know who those "others" are.
Low-Information people crack me up.
Sad though.
Until it happens, yes it's fear mongering.
I have applied for plenty of jobs and never had to provide a credit score. But so what if they did? You arguing that a bad credit score preventing you from getting a job is taking away your freedom is kind of like arguing there is some injustice to being denied a job as a brain surgeon because you don't know brain surgery. If a company thinks a good credit score is important for the job they are hiring you for, so be it. Frankly, I completely understand it. Your credit score tells people a lot about you. It is a reflection of your personal resposibility and your dependability.
Secondly, if your credit score was some randomly assigned number, you might have a point. But YOU control your credit score and it doesn't take any signifect effort to have a decent one. Mine is in the mid 700's. I have two credit cards that I pay more than the minumum on and pay my bills on time. Not hard. So you complain about your lost freedom over not getting a job because of a low credit score. It seems to me the only one anyone would have to blame for that is themselves.
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