[refurb]

That makes no sense.

How does “checking if people are credit worthy” reinforce inequity? If you can’t repay, you shouldn’t be taking on debt. If anything it prevents people from taking on debt they can’t afford, stopping them from further inequity.

And you can opt out. Don’t use credit at all. (edit: of course a credit record will still exist, but it won't matter if you don't use credit)

This sounds like a bunch of people complaining “why can’t I just borrow whatever I want without people checking whether I can repay?”

[33955985]

> And you can opt out. Don’t use credit at all.

Nope. Whether you use credit or not, the credit bureaus collect information about you and share that with all manner of other companies, including employers.

Also these systems have inherent racial biases.

https://www.forbes.com/advisor/credit-cards/from-inherent-ra...

[refurb]

But if you don’t use credit the system any rating has no impact on your life?

Again, this seems like people want low interest borrowing without the “icky” problem of having to answer for their past failure to pay debt.

The world doesn’t work that way.

[33955985]

You seem concerned with a “moral failures” aspect of debt, which doesn’t make for an interesting discussion. If you’re not interested in the complex system of algorithmic finance and its intersection with poverty and generational wealth, I’m not sure there’s much of a discussion here.

I already mentioned that some well paying jobs (the kind that people stuck in debt traps would most benefit from) require an active credit score to obtain. So “not using credit” is not an option. As well, credit is a primary way that the people who hold generational wealth got that wealth. Oh, and they run the system.

You’ve created a straw “poor person” and insist on shadow boxing it. If you ever decide to confront the complex systems that these fellow humans face, I encourage you to read up on the modern credit system. Wikipedia has a good rundown with active sources.

[refurb]

There are no "moral failures" so I'm not sure where that comment comes from.

Either you can pay your debt or not. If you can't, others will use that to infer other things about your suitability for various things like jobs.

The credit score isn't the issue, it's just the medium for transmitting information. Background checks can uncover the exact same issues. I can call your neighbor and ask if what kind of a person you're like and decide not to give you a job based on that answer.

That's just life - actions have consequences.

[fragmede]

You're assuming the database is 100% accurate, and people never have their identify stolen. Which is demonstrably false.

[refurb]

No I’m not. Accuracy has nothing to do with my argument.

And no system is 100% accurate, so your point is moot anyways.

[fragmede]

If you actually understand that then how can you still hold that position?

Anyway, your argument's been refuted more eloquently than by me, so I'll leave you to it.