The score simplified the process for creditors of pre-assessing your risk as a debtor so that they don't have to put in the work to actually assess your rush a debtor, leading to an irresponsible and imbalanced credit system that you can't benefit from unless you are born on the right side of the tracks.

I didn't say the concept was new or crazy.

This is a way for operators of capital to accrue more capital and more easily distance themselves from everybody else, whose information they profit from, rather than creating opportunities.

I am not on our mortgage on the house that I own with my husband. I am employed, full time. At the time I had no debt, and the car loan was in my husband's name.

They told me I couldn't be on the mortgage because I had no credit score.

creditors would do their due diligence and try to assert that you would be able to pay back your loans by doing many of the same things they do now.

In the Netherlands this would boil down to:

• proof of employment (pay check and statement from your boss)
• summary of outstanding debts

That's it. The BKR system only tells you any outstanding debts (such as a car or phone to pay off) or if you stil owe significant money to debtors. It doesn't tell you how long you've been a good citizen.

Bank-internal credit scores existed since 1965 at Citibank... Then some Citibank employees formed their own company, FICO, to sell scores to banks without data or computing power to do so