> Credit scores are universally hated but they make it possible to offer lower interest rates to more people.
That's probably true in theory, but not in practice, given how high US credit interest rates are compared to European countries for instance.
> Without credit scores, fewer people would have access to credit.
Too many people having access to credit is exactly how we got the worst financial crisis of the century, so it's not really something to brag about… People talk about US public debt a lot, but private debt is even more worrisome.
That's probably true in theory, but not in practice, given how high US credit interest rates are compared to European countries for instance.
> Without credit scores, fewer people would have access to credit.
Too many people having access to credit is exactly how we got the worst financial crisis of the century, so it's not really something to brag about… People talk about US public debt a lot, but private debt is even more worrisome.