> Don't want to participate? Then don't ask for a loan.
This is not pragmatic advice. I needed to take out loans to go to college. My phone company did a credit check before they'd let me sign up for a plan. So did my landlord before they offered me a lease. When I buy a car or apply for a mortgage on a house, they'll also check my credit.
This system is deeply ingrained in our society; there's not really a way to opt out and still have a relatively normal life.
> This system is deeply ingrained in our society; there's not really a way to opt out and still have a relatively normal life.
And this is what needs to change. I’ve known many successful people that moved to the US and then had problems getting services because they had no “credit history”.
This is not pragmatic advice. I needed to take out loans to go to college. My phone company did a credit check before they'd let me sign up for a plan. So did my landlord before they offered me a lease. When I buy a car or apply for a mortgage on a house, they'll also check my credit. This system is deeply ingrained in our society; there's not really a way to opt out and still have a relatively normal life.