Canada

TL;DR: how could you ever trust anyone to define a social credit score based on actions/words? And how can you offer debt without having something like a (better implemented) credit score?

I think I understand where you are coming from, assigning people a “worth” based on something financial is messed up. Ideally there would be some way to instead reward people for good things like being polite to people, and not littering. And possibly to penalize people for engaging in bad behaviour.

But even if I trusted the current government to implement this with the right goals, I would never trust future governments not to abuse this system. I don’t think I’d really trust any sort of group to do this right. I’m already disappointed enough with our current democracy (in Canada) for not getting rid of first-pass-the-post, and I’m skeptical that much will change with interprovincial trade barriers (why not sooner?).

But the idea of a better implemented credit score to track only severe abuse of debt doesn’t seem entirely unreasonable to me. Obviously the current system is messed up and has major problems, but I feel like it could plausibly be fixed and done in a reasonable way. I think debt to buy a house (and maybe sometimes a car) is generally a good option to have. And I don’t know how you could offer this without tracking people who don’t pay. (Though maybe I’m wrong, maybe just going based off of income history is enough.)

But yes, the current system is ridiculous. People should be rewarded for never needing debt, not disqualified from getting future debt without notice. And it should be much easier to track and fix problems on our credit score. And things like cell phone bills don’t seem worth being affiliated with credit bureaus. I think most people would be better suited to prepaid plans if they were options. And I feel like financing phones is a really bad thing, people don’t realize how expensive they are. I’d rather if all my utility bills just collected some deposit instead of potentially being able to ruin my credit if a bill gets lost in the mail after I moved out. (But this could be too expensive for a lot of people, so again the credit score seems to have a purpose).