Quote:
Originally Posted by redpoint5
The credit is corrupt ignorant BS, which is what I've been saying forever. Those in favor of it are either corrupt or ignorant.
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I'm assuming you are saying credit reports are corrupt? How so? It seems pretty simple to me. The better your track record of paying on time - the higher your score = better terms you get and the more likely a lender will extend a loan.
How do you propose we manage risk better when deciding whether or not to let people borrow large amounts of money?