What would be effective ways to move away from the credit score system? One major problem I see is, credit score is used to decide who can rent an apartment, and it also affects your ability to get a mortgage. Fear of being locked out of housing is why I got a credit card, despite hating the concept of credit cards. Even if there are people who aren’t affected by this who can afford to opt out, it isn’t going to be practically possible for most.
What would be effective ways to move away from the credit score system? One major problem I see is, credit score is used to decide who can rent an apartment, and it also affects your ability to get a mortgage. Fear of being locked out of housing is why I got a credit card, despite hating the concept of credit cards. Even if there are people who aren’t affected by this who can afford to opt out, it isn’t going to be practically possible for most.