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Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS

 
Anonymous Coward
User ID: 79908320
Estonia
04/12/2021 10:35 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
credit bureaus let landlords fuck renters
 Quoting: Anonymous Coward 79336278


Not true unless the landlord is a scum bag.

I have a rental. I have had 3 tenants.

Best renter I had - no credit score. Guy was fresh out of prison for 10 years for weed. He was thankful I was willing to rent to him. RIP Richard...may your afterlife be in a huge field of unending MJ plants.

Next best renter. Bad credit. Good guy. Pays on time and fixes stuff for parts only. Disabled vet with 2 service dogs. One is a pit. He is thankful I rent to him.

Worse renter: great credit score. Left the place trashed and damaged. Renter was crazy and said my place haunted.

Great people have bad credit. Bad people have good credit.

It is important to trust your gut in all things.
 Quoting: Maiya


Unfortunately that sounds like you got lucky and wasn't remotley related to credit score. In fact 9/10 its the exact opposite of what you stated.
Anonymous Coward
User ID: 29842978
United States
04/12/2021 10:42 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
.
debt jubilee, cancel all credit card debt. Now we're talking stimulus. Then nhang the bankers charging 26% during a pandemic.
.
 Quoting: Mr.Sunshine


This, this and, oh yes, this! ^^^

.
Johnny Balls

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04/12/2021 10:43 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Aren't credit bureaus racist?
 Quoting: LameDame


I guess we can now all default on our debts.

Party time.
Jack Eye
Xhekaj
Anonymous Coward
User ID: 79908320
Estonia
04/12/2021 10:44 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
.
debt jubilee, cancel all credit card debt. Now we're talking stimulus. Then nhang the bankers charging 26% during a pandemic.
.
 Quoting: Mr.Sunshine


This, this and, oh yes, this! ^^^

.
 Quoting: Anonymous Coward 29842978


Lol, thats not going to happen and never was. Qtard horseshit. Trump taking over the Fed BS.
Anonymous Coward
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United States
04/12/2021 10:44 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Here we go again. A post of people falling down, yet again, another Biden Hole.
Anonymous Coward
User ID: 79908320
Estonia
04/12/2021 10:45 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Aren't credit bureaus racist?
 Quoting: LameDame


I guess we can now all default on our debts.

Party time.
 Quoting: Johnny Balls


No, whats coming will be worse. Debtors prison.
Anonymous Coward
User ID: 79717469
United States
04/12/2021 10:47 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
credit bureaus let landlords fuck renters
 Quoting: Anonymous Coward 79336278


Not true unless the landlord is a scum bag.

I have a rental. I have had 3 tenants.

Best renter I had - no credit score. Guy was fresh out of prison for 10 years for weed. He was thankful I was willing to rent to him. RIP Richard...may your afterlife be in a huge field of unending MJ plants.

Next best renter. Bad credit. Good guy. Pays on time and fixes stuff for parts only. Disabled vet with 2 service dogs. One is a pit. He is thankful I rent to him.

Worse renter: great credit score. Left the place trashed and damaged. Renter was crazy and said my place haunted.

Great people have bad credit. Bad people have good credit.

It is important to trust your gut in all things.
 Quoting: Maiya


yes but 99% of rentals are big mega corporate rentals and they are in on the globalist game so the credit report is not questioned, ever one single bit, they are the ones that created it in the first place to punish those they want to persecute
Anonymous Coward
User ID: 79990621
United States
04/12/2021 10:51 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Aren't credit bureaus racist?
 Quoting: LameDame


I guess we can now all default on our debts.

Party time.
 Quoting: Johnny Balls


No, whats coming will be worse. Debtors prison.
 Quoting: Anonymous Coward 79908320


some guy was saying he visits women in prison and 40% of the women in prison were there for unpaid debt.

meanwhile the billionaires bail themselves out by printing trillions of dollars, that they don't need.


but the problem is we have courts, prisons, lawyers, banks/corporations that are all in on the game.

you could say this is how the human race has been for 50,000 years, but so why do we still believe there is something good about life? how do we know there is something more than these wicked life forms with no soul? but we do, we just know it.

we know it is a power so infinite, so indescribably and we fear it, these people have no fear, they struggle against the good with all their might,

God will thwart their plans at the very end,
Sardonic Dadaist

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United States
04/12/2021 10:52 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Credit Bureaus are created, funded and operated by banks.

Personally, I don't think government will have authority to limit a lender's ability to assess risk.

Its all hot air if you ask me.
 Quoting: Anonymous Coward 17255632


About all I see them doing is possibly limiting data sharing requiring each bank to do an assessment individually increasing the cost of borrowing and making it impossible to track identity theft.
Seeker 2
Anonymous Coward
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Canada
04/12/2021 10:52 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
All on GLP are fucked.
 Quoting: Yuck Fou


Are you yucked?
Anonymous Coward
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United States
04/12/2021 10:52 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
“decisions drawing on credit data reproduce and spread existing racial inequality, making it harder to achieve true economic equity.”

So the stated goal is "racial economic equity?"

Translation. Automatic -500 points for being born white.
 Quoting: LoneStarRising


I was thinking along the line of... +500 points if you are Mongrel-Theist, or Ghnogg.
.

[imgur] [link to i.imgur.com (secure)]
4doggies

User ID: 76462481
United States
04/12/2021 10:56 AM

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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
debt jubilee, cancel all credit card debt. Now we're talking stimulus. Then nhang the bankers charging 26% during a pandemic.
 Quoting: Mr.Sunshine


I often wondered with interest rates at close to zero, how do these crooks get away with charging those rediculous rates?
TXP NLI
User ID: 29842978
United States
04/12/2021 11:00 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
 Quoting: Anonymous Coward 79623367


You guys might want to check out ID.me and what's currently happening in the states with the Workforce Commissions, unemployment claimants and forced "use of" (citizens forced to contract with) this tech company for "identification verification" purposes.

Extortion. Unemployment benefits in exchange for giving all your confidential data to a for-profit tech company. Currently in 22 states with others in the pipeline. The mission is a digital ID for all transactions.

Forbes: [link to www.forbes.com (secure)]

Topic deserves its own thread.

.
Anonymous Coward
User ID: 45348690
United States
04/12/2021 11:03 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Well, if you're going to have a great reset you have to collapse and erase all present systems of finance and governance. From now until about 2030-2040 we are either going to live in an AI powered, drone patrolled, blockchain tracked, heavily surveilled society or we're going to resist and take back what's ours (freedom). Either way a shitload of people are about to die because either by killing of undesirables or dying in worldwide revolts, people will hurt and killed.


But just remember, a coward dies daily, a brave man fighting for his beliefs dies only once.

What's was that quote from gulag arcapeligo?....'Oh how we burned in the camps later wishing we had resisted'....I'm paraphrasing but you know what I mean.

We either fight now with honor and possibly win back our world or we just live a life of bug protein, euthanasia when we're sick or old, and constant surveillance from this technocratic totalitarian dictatorship being set up.
 Quoting: Just Passing Through.....


hesright
Anonymous Coward
User ID: 70299927
Canada
04/12/2021 11:04 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Who cares?

Forgive all debt and I'm game.
Anonymous Coward
User ID: 29842978
United States
04/12/2021 11:06 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
.
debt jubilee, cancel all credit card debt. Now we're talking stimulus. Then nhang the bankers charging 26% during a pandemic.
.
 Quoting: Mr.Sunshine


This, this and, oh yes, this! ^^^

.
 Quoting: Anonymous Coward 29842978


Lol, thats not going to happen and never was. Qtard horseshit. Trump taking over the Fed BS.
 Quoting: Anonymous Coward 79908320


FFS, I have no idea what you are talking about. I'm talking about what should happen along with kicking the Fed Res out of the country.

End allllll the bankers worldwide despite their, um, heritage and we'll start making progress.

.
LooneyBin

User ID: 78334463
United States
04/12/2021 11:20 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Stop talking about Biden.. His handlers want whatever. Biden is a fucking walking diaper.
 Quoting: MyShinyHiney


Right. If he's saying this, it means the credit card companies want it. But why?
 Quoting: Anonymous Coward 73135756


That's an easy answer. They are expecting forever bailouts.

By the way, have you noticed Biden wants constant checks to Americans during Covid? They are grooming us for Universal Basic Income.
Anonymous Coward
User ID: 79986692
United States
04/12/2021 11:21 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Credit scores were invented to have a color blind way of determining the credit worthiness of the individual. Banks would just look at the number, not the person, and make a credit determination. It turns out certain groups are more likely to exhibit traits indicating they'll pay back money than others, so on average, they have higher credit scores, and pay less in interest. So credit scores became racist.
Anonymous Coward
User ID: 77070158
United States
04/12/2021 11:22 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Today's Conversation

"How will creditors decide loans vs ability to pay? Social credit alone won't determine the solvency of a business."

"President Biden's government will now determine a more fair and equatable credit system for all the people in our republic."


Tomorrow's Conversation

"The Senate will no longer be a concern to us, I have just received word that Emperor Biden has dissolved the council permanently. The last remnants of the old republic have been swept away."

"That's impossible. How will Biden maintain control without the bureaucracy?

"The regional governors now have direct control over their territories. Fear will keep the local systems in line."
Maximus Tardicus

User ID: 79699538
United States
04/12/2021 11:27 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Aren't credit bureaus racist?
 Quoting: LameDame


Bingo!
Maximus Tardicus
deplorable scottfree

User ID: 80171721
United States
04/12/2021 11:37 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
credit bureaus let landlords fuck renters
 Quoting: Anonymous Coward 79336278


Not true unless the landlord is a scum bag.

I have a rental. I have had 3 tenants.

Best renter I had - no credit score. Guy was fresh out of prison for 10 years for weed. He was thankful I was willing to rent to him. RIP Richard...may your afterlife be in a huge field of unending MJ plants.

Next best renter. Bad credit. Good guy. Pays on time and fixes stuff for parts only. Disabled vet with 2 service dogs. One is a pit. He is thankful I rent to him.

Worse renter: great credit score. Left the place trashed and damaged. Renter was crazy and said my place haunted.

Great people have bad credit. Bad people have good credit.

It is important to trust your gut in all things.
 Quoting: Maiya



pay on time and don't trash the place and I'll never raise your rent.

My method. Usually works... usually.
J 17:15: "I pray not that Thou shouldst take them out of the world, but that Thou shouldst keep them from the evil.

Truth, beauty and virtue ... all the things that THEY hate. All the things God loves.
Anonymous Coward
User ID: 80170150
United States
04/12/2021 11:40 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
that's stupid, or inginious, depending on your goal.

If credit scores are banned, no one will lend money.
Anonymous Coward
User ID: 79314424
United States
04/12/2021 11:44 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
so let's get this to its bare bones conclusion.....I can get credit to buy a new bed or stove....but I have to approve of two men kissing in the store where I go to buy such items? they could even play images and if they sense revulsion by you , you dont get any credit.....
Anonymous Coward
User ID: 74505192
United States
04/12/2021 11:44 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Would they be replaced with SCS monitoring entities?
 Quoting: Anonymous Coward 79475930


they dont need to be gotten rid of but they definitely need to be reformed
Anonymous Coward
User ID: 80064872
United States
04/12/2021 11:54 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Would they be replaced with SCS monitoring entities?
 Quoting: Anonymous Coward 79475930


They already are. I lost 50 points
In two weeks.

I have NOTHING on my credit. It was 700 now 650 NOTHING changed. Just happened last week.

Equifax hasn't given me a credit score despite the fact I had a Macy's and jcpenney card for years. Closed now.

I have written many times to the credit agencies.
The system is dirty and foul
There is nobody monitoring the foul credit score company.

Credit karma is the source.
Anonymous Coward
User ID: 76946058
United States
04/12/2021 11:57 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Read the article, he wants to move this up under a government controlled program.

It isn't that he wants to CANCEL them, he wants to turn the government to take over this service.

I've got no love for the credit bureaus but if the government takes over, it will turn into a social credit system.
Anonymous Coward
User ID: 79998803
United States
04/12/2021 11:58 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Credit scores were invented to have a color blind way of determining the credit worthiness of the individual. Banks would just look at the number, not the person, and make a credit determination. It turns out certain groups are more likely to exhibit traits indicating they'll pay back money than others, so on average, they have higher credit scores, and pay less in interest. So credit scores became racist.
 Quoting: Anonymous Coward 79986692


credit scores are a way to force you to pay up whatever bills corporations send you or else.

they are to make sure you pay for your sins, OR ELSE
Anonymous Coward
User ID: 80239502
Canada
04/12/2021 11:58 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
You know all of this stupid shit isn't sustainable. The bottom is going to fall out then the fun starts!
Anonymous Coward
User ID: 80239502
Canada
04/12/2021 11:59 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
The structured takedown of an empire!
Anonymous Coward
User ID: 79578855
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04/12/2021 11:59 AM
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Re: Social Credit? BIDEN wants to CANCEL CREDIT BUREAUS
Won't happen.

They aren't going to bankrupt every financial institution.





GLP