this post was submitted on 22 Apr 2024
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Americans be like (lemmy.ml)
submitted 7 months ago by yogthos@lemmy.ml to c/memes@lemmy.ml
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[–] Fixbeat@lemmy.ml 7 points 7 months ago (1 children)

The system exists and you can't really do anything about it. No one wants to be penalized by it.

[–] wildbus8979@sh.itjust.works -1 points 7 months ago (1 children)

you can't really do anything about it.

I mean denouncing the system would be a first step, yes. Like I said I never seen Democrats or Republicans claims this system shouldn't exist.

[–] TopRamenBinLaden@sh.itjust.works 10 points 7 months ago* (last edited 7 months ago)

I'm a leftist who dislikes capitalism, but I can admit that credit scores were a step up from the way loans were done before. The old way just made it so the banks themselves decided who they wanted to issue a loan to, and that led to a lot of racism and sexism when it came to giving the loans out.

Still, I do think we can come up with a better system than the current credit score system, and I think you have the right idea to point out it's flaws to start the wheels turning on improving it.