[xp84]

It doesn’t inherently have to do with wealth and class, however, all of these things are so tightly correlated that it loses barely any fidelity and just saves you a little bit of time to assume that someone with an 815 credit score is law-abiding, upper-middle or high social class, and has a medium to high net worth, and that somebody with a 550 credit score is at least one of the following: poor, criminal history, and a low social class.

None of this should be that surprising: it’s hard to make all of your debt payment payments on time if you’re either broke or in jail.

[agedclock]

No having a high credit score has nothing do with your wealth or social class. I have worked in this industry briefly. It looks at your ability to manage credit, and whether you have any flags.

e.g. I had a 995 credit score on Experian back in the late 2000s. The highest was 999. I earned £18,000 at the time, and was in my mid-20s and didn't really own anything at the time. I did have a credit card at the time where I made the payments, and I lived at a household which had no debt, and I was on the electoral roll.

That is why when you are making larger purchases they do a "means test" e.g. see if you earn enough to pay a mortgage.

[asdff]

Your case is a great example of why credit scores are not reliable indicators. You were living on the ropes then. One job loss and you probably have very little saved and will be forced to incur debt and and start defaulting on payments potentially. You were very much the risky bet. And yet, you were able to game the system to look like a reliable bet.

Gaming the system like you were able to do in order to improve your credit score is very much correlated to financial literacy which is correlated to socioeconomic class which is correlated to race. This is how we arrive at credit scores being race and class indicators, but not bound by laws that prohibit using race and class as indicators.

[agedclock]

Your comment is a great example of "If you assume, it makes an ass out of u and me".

Everything about this reply is completely incorrect.

> Your case is a great example of why credit scores are not reliable indicators. You were living on the ropes then. One job loss and you probably have very little saved and will be forced to incur debt and and start defaulting on payments potentially. You were very much the risky bet. And yet, you were able to game the system to look like a reliable bet.

So you made a bunch of assumptions about my personal circumstances. Let me correct you:

- I didn't "Game the system". I had absolutely no idea at the time such a thing as a credit score existed. I cannot game a system when I have no idea that it exists. The only reason I checked is that other people at work were checking theirs and I did so sheerly out of curiosity. Many years later I happened to work a contract where they wrote software that did the credit checks.

- I was not "living on the ropes". I lived within my means.

- I had 2-3 months of savings. My strategy for saving this money was to save it on payday. So I forgot I had the money and couldn't spend it. I do exactly the same thing now.

- The debt I had on my credit card was paid off in full monthly. I only used it for online purchases (many online sites didn't take debit cards still).

> Gaming the system like you were able to do in order to improve your credit score is very much correlated to financial literacy which is correlated to socioeconomic class which is correlated to race.

Again I did not game the system. I was completely financially illiterate at the time. My only financial literacy, I had at time was that I shouldn't spend all my money after payday and I shouldn't spend more money than I had. I found that out in the first month of living on my own. My family actually earn a lot less than I do now.

None of this has anything to do with race. From reading your comments replying to me and your posting history, I am pretty sure you are from the US. You are applying your US centric view of the world onto the UK. The UK is not the US.

> This is how we arrive at credit scores being race and class indicators, but not bound by laws that prohibit using race and class as indicators.

What you are trying to do is to erroneously shoehorn in your brand of US politics into a discussion about the UK. As a result of this you have got everything about my personal circumstances (at the time) and the circumstances of family and wider community completely incorrect, in an attempt to score some political points (it obvious btw from the language you are using).

I suggest in future you shouldn't make assumptions.