this post was submitted on 17 Jul 2025
1038 points (98.3% liked)
Late Stage Capitalism
1971 readers
189 users here now
A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.
A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.
RULES:
1 Understand the left starts at anti-capitalism.
2 No Trolling
3 No capitalist apologia, anti-socialism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.
4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.
5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.
6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc.
founded 10 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How so? They all seem to be used for estimating risk when pricing a loan and are based on financial history.
the big difference i can see is that most systems described seem binary. if you don't pay your debs, you get a strike. the american system, as i had it explained to me, is based on cash flow, so you need to have debts to pay in order to get a good score.
Not unique to the US, we have the same thing here in Canada
the uk also has something similar. which makes sense.
They want an established history showing you pay things you've agreed to pay. I've never made a lot of income, but I've always paid my bills on time, so even with a smaller cash flow I still have great records of always making sure I have enough to pay what I'm expected to pay, so I'm seen as reliable to any possible debtors.
Most of them mention a range of scores. China and India use scores which by themselves give about 3 billion people with credit scores based on statistical modeling.
A lack of cash flow is a lack of financial history which makes one less predictable and therefore riskier which lowers your score.