I always assumed credit scores were an integral and historic part of the American financial system.
They were not, they are very recent，most of your parents didn’t have credit scores growing up, and as you can probably tell or at least intuit, it’s mostly just a b******* scheme for those with capital to accrue more capital by invading your privacy.
Plus before it was down to an individual, each of which had their own biased. While credit scores are all kinds of wrong, it does take the decision out of the hands of insividuals and makes it an objective, data driven decision