How many others believe that the credit rating system is just a big scam established by the corporate banks?

You know, it very well may be, but until some one comes up with a better system were stuck with the one we have so people should learn how to use it to their advantage.

How many others believe that the credit rating system is just a big scam established by the corporate banks?
Who cares if its a scam or not with out a good score we cant get anything in this world and its nothing we can do about it
Reply:My hand is raised
Reply:I do its a scam
Reply:I answering with questions in hopes of spurring your thinking.





Where do you get this information? Pure speculation? The need to jump to conclusions?





Have you ever worked in loan operations? Do you understand empirical scorecards in lending? Do you know how a scoring model works?
Reply:Pretty soon you wont be able to buy anything unless you have one. I'm a slave to this system I may be new at the game but I've learned a lot and I don't get in debt I make it work for me.