Credit Score

[twilighterheart]

Credit Score
Credit score - Wikipedia, the free encyclopedia
A credit score is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information, typically sourced from credit bureaus.

Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system.

Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, employers, landlords, and government departments employ the same techniques. Credit scoring also has a lot of overlap with data mining, which uses many similar techniques.

FICO is a publicly-traded corporation (under the ticker symbol FICO) that created the best-known and most widely used credit score model in the United States

[adramelech]

What's the point of this thread? I would hope people already know what a credit score is...

[merlincove]

The credit score is just another shackle of slavery, binding us into the system, making sure that we are all good little boys and girls. Through continued application of credit, each of us are actually nothing more than commercial assets, entrenched with furthering the agenda that money is currency, when really, underneath it all, we are the currency.

Without our complacent attendance to the system through applied servitude to the God of Credit, the system would fail.

How can credit have any power in the world? And yet the world seems to be driven on a foundation of credit. It is a tacit fictional none-entity that is given power through our continued attendance to it's upkeep.

And the better slave to the system we are, the better the reward - gold card, platinum card, platitudes as tentative gifts for 'buying' the system.

And as per usual acclaim, the poor always suffer - and the poor pay out through higher rates of interest that such a credit rating system affords them.

Cant afford to pay, then you have to pay more. The mind that thought up the credit rating is a sick little mind indeed. And companies like experian are just as bad, vampyring off of the people who struggle to meet life's financial means, selling their details on to the multi national banking families and earning a tidy sum on the back of it - the whole system sucks of greed and illness, and it is a tiny microcosmic reflection of how the municipal mind that drives the deep seated agenda's affecting us through finance actually works - it's one tentical of a beast that is slowly strangling and suffocating mankind into control.

[twilighterheart]

In France you could had been killed for being in debt back in the day.

[ragnarok]

When I leave this mortal coil, if I don't owe some group of money-grubbing bastards, I'll be extremely disappointed. :D

[adramelech]

Well my credit score is fantastic. :D

[planetsadhana]

The credit score is just another shackle of slavery, binding us into the system, making sure that we are all good little boys and girls. Through continued application of credit, each of us are actually nothing more than commercial assets, entrenched with furthering the agenda that money is currency, when really, underneath it all, we are the currency.

Without our complacent attendance to the system through applied servitude to the God of Credit, the system would fail.

How can credit have any power in the world? And yet the world seems to be driven on a foundation of credit. It is a tacit fictional none-entity that is given power through our continued attendance to it's upkeep.

And the better slave to the system we are, the better the reward - gold card, platinum card, platitudes as tentative gifts for 'buying' the system.

And as per usual acclaim, the poor always suffer - and the poor pay out through higher rates of interest that such a credit rating system affords them.

Cant afford to pay, then you have to pay more. The mind that thought up the credit rating is a sick little mind indeed. And companies like experian are just as bad, vampyring off of the people who struggle to meet life's financial means, selling their details on to the multi national banking families and earning a tidy sum on the back of it - the whole system sucks of greed and illness, and it is a tiny microcosmic reflection of how the municipal mind that drives the deep seated agenda's affecting us through finance actually works - it's one tentical of a beast that is slowly strangling and suffocating mankind into control.

spot on...the bank i use are a bewildered why i will not let them contact a credit reference agency so that i can "upgrade" my account